Adriatic Metals (Australia) Market Value
| ADT Stock | 4.10 0.10 2.38% |
| Symbol | Adriatic |
Adriatic Metals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Adriatic Metals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Adriatic Metals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Adriatic Metals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Adriatic Metals Plc or generate 0.0% return on investment in Adriatic Metals over 30 days. Adriatic Metals is related to or competes with Perseus Mining, Talisman Mining, Andean Silver, and Nine Entertainment. Adriatic Metals is entity of Australia. It is traded as Stock on AU exchange. More
Adriatic Metals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Adriatic Metals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Adriatic Metals Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 7.48 |
Adriatic Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adriatic Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adriatic Metals' standard deviation. In reality, there are many statistical measures that can use Adriatic Metals historical prices to predict the future Adriatic Metals' volatility.| Risk Adjusted Performance | 0.1301 | |||
| Jensen Alpha | 0.5608 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1596 | |||
| Treynor Ratio | (1.07) |
Adriatic Metals Plc Backtested Returns
Adriatic Metals appears to be unstable, given 3 months investment horizon. Adriatic Metals Plc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Adriatic Metals' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Adriatic Metals' Risk Adjusted Performance of 0.1301, mean deviation of 2.46, and Downside Deviation of 2.4 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adriatic Metals holds a performance score of 14. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adriatic Metals are expected to decrease at a much lower rate. During the bear market, Adriatic Metals is likely to outperform the market. Please check Adriatic Metals' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Adriatic Metals' price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Adriatic Metals Plc has below average predictability. Overlapping area represents the amount of predictability between Adriatic Metals time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Adriatic Metals Plc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Adriatic Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Adriatic Metals Plc lagged returns against current returns
Autocorrelation, which is Adriatic Metals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Adriatic Metals' stock expected returns. We can calculate the autocorrelation of Adriatic Metals returns to help us make a trade decision. For example, suppose you find that Adriatic Metals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Adriatic Metals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Adriatic Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adriatic Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adriatic Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Adriatic Metals Lagged Returns
When evaluating Adriatic Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adriatic Metals stock have on its future price. Adriatic Metals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Adriatic Metals autocorrelation shows the relationship between Adriatic Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Adriatic Metals Plc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Adriatic Stock Analysis
When running Adriatic Metals' price analysis, check to measure Adriatic Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adriatic Metals is operating at the current time. Most of Adriatic Metals' value examination focuses on studying past and present price action to predict the probability of Adriatic Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adriatic Metals' price. Additionally, you may evaluate how the addition of Adriatic Metals to your portfolios can decrease your overall portfolio volatility.