Adamera Minerals Corp Stock Market Value
| ADZ Stock | CAD 0.21 0.03 12.50% |
| Symbol | Adamera |
Adamera Minerals Corp Price To Book Ratio
Adamera Minerals '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 Adamera Minerals' 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 Adamera Minerals.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Adamera Minerals on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Adamera Minerals Corp or generate 0.0% return on investment in Adamera Minerals over 180 days. Adamera Minerals is related to or competes with GMV Minerals, and Highway 50. Adamera Minerals Corp., an exploration stage company, engages in the acquisition and exploration of gold properties in t... More
Adamera Minerals 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 Adamera Minerals' 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 Adamera Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.3 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 54.66 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 14.29 |
Adamera Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adamera Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adamera Minerals' standard deviation. In reality, there are many statistical measures that can use Adamera Minerals historical prices to predict the future Adamera Minerals' volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.9102 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0633 | |||
| Treynor Ratio | (1.21) |
Adamera Minerals Corp Backtested Returns
Adamera Minerals appears to be out of control, given 3 months investment horizon. Adamera Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. By analyzing Adamera Minerals' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please makes use of Adamera Minerals' risk adjusted performance of 0.0865, and Mean Deviation of 5.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adamera Minerals holds a performance score of 9. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adamera Minerals are expected to decrease at a much lower rate. During the bear market, Adamera Minerals is likely to outperform the market. Please check Adamera Minerals' value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Adamera Minerals' price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Adamera Minerals Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Adamera Minerals time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Adamera Minerals Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Adamera Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adamera Minerals Corp lagged returns against current returns
Autocorrelation, which is Adamera Minerals 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 Adamera Minerals' stock expected returns. We can calculate the autocorrelation of Adamera Minerals returns to help us make a trade decision. For example, suppose you find that Adamera Minerals 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 |
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Adamera Minerals 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 Adamera Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adamera Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adamera Minerals stock over time.
Current vs Lagged Prices |
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Adamera Minerals Lagged Returns
When evaluating Adamera Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adamera Minerals stock have on its future price. Adamera Minerals 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, Adamera Minerals autocorrelation shows the relationship between Adamera Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Adamera Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Adamera Stock Analysis
When running Adamera Minerals' price analysis, check to measure Adamera Minerals' 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 Adamera Minerals is operating at the current time. Most of Adamera Minerals' value examination focuses on studying past and present price action to predict the probability of Adamera Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adamera Minerals' price. Additionally, you may evaluate how the addition of Adamera Minerals to your portfolios can decrease your overall portfolio volatility.