Adriatic Metals Plc Stock Market Value
| ADTLF Stock | USD 2.50 0.13 4.94% |
| 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' pink sheet 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.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Adriatic Metals on October 29, 2023 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 390 days. Adriatic Metals is related to or competes with Amarc Resources, South Star, and Mundoro Capital. Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals 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' pink sheet 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 | 5.13 | |||
| Information Ratio | 0.0556 | |||
| Maximum Drawdown | 25.51 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.69 |
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 | 0.0731 | |||
| Jensen Alpha | 0.2707 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0397 | |||
| Treynor Ratio | 0.93 |
Adriatic Metals PLC Backtested Returns
Adriatic Metals appears to be very risky, given 3 months investment horizon. Adriatic Metals PLC secures Sharpe Ratio (or Efficiency) of 0.0893, which signifies that the company had a 0.0893% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Adriatic Metals PLC, which you can use to evaluate the volatility of the firm. Please makes use of Adriatic Metals' Downside Deviation of 5.13, mean deviation of 1.73, and Risk Adjusted Performance of 0.0731 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 7. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Adriatic Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Adriatic Metals is expected to be smaller as well. Please check Adriatic Metals' downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Adriatic Metals' price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Adriatic Metals PLC has below average predictability. Overlapping area represents the amount of predictability between Adriatic Metals time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 0.35 indicates that nearly 35.0% of current Adriatic Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Adriatic Metals PLC lagged returns against current returns
Autocorrelation, which is Adriatic Metals pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adriatic Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adriatic Metals pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Adriatic Pink Sheet
Adriatic Metals financial ratios help investors to determine whether Adriatic Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Adriatic with respect to the benefits of owning Adriatic Metals security.