Alphamin Res Stock Market Value
| AFM Stock | CAD 1.21 0.05 4.31% |
| Symbol | Alphamin |
Alphamin Res Price To Book Ratio
Alphamin Res '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 Alphamin Res' 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 Alphamin Res.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Alphamin Res on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alphamin Res or generate 0.0% return on investment in Alphamin Res over 180 days. Alphamin Res is related to or competes with Regulus Resources, and Minera Alamos. Alphamin Resources Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in t... More
Alphamin Res 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 Alphamin Res' 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 Alphamin Res upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 6.14 |
Alphamin Res Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphamin Res' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphamin Res' standard deviation. In reality, there are many statistical measures that can use Alphamin Res historical prices to predict the future Alphamin Res' volatility.| Risk Adjusted Performance | 0.0946 | |||
| Jensen Alpha | 0.3549 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0856 | |||
| Treynor Ratio | (2.07) |
Alphamin Res Backtested Returns
Alphamin Res appears to be dangerous, given 3 months investment horizon. Alphamin Res secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alphamin Res, which you can use to evaluate the volatility of the firm. Please makes use of Alphamin Res' Risk Adjusted Performance of 0.0946, downside deviation of 2.79, and Mean Deviation of 2.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alphamin Res holds a performance score of 8. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alphamin Res are expected to decrease at a much lower rate. During the bear market, Alphamin Res is likely to outperform the market. Please check Alphamin Res' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Alphamin Res' price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Alphamin Res has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alphamin Res time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Alphamin Res price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Alphamin Res price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alphamin Res lagged returns against current returns
Autocorrelation, which is Alphamin Res 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 Alphamin Res' stock expected returns. We can calculate the autocorrelation of Alphamin Res returns to help us make a trade decision. For example, suppose you find that Alphamin Res 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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Alphamin Res 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 Alphamin Res stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphamin Res stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphamin Res stock over time.
Current vs Lagged Prices |
| Timeline |
Alphamin Res Lagged Returns
When evaluating Alphamin Res' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphamin Res stock have on its future price. Alphamin Res 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, Alphamin Res autocorrelation shows the relationship between Alphamin Res stock current value and its past values and can show if there is a momentum factor associated with investing in Alphamin Res.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alphamin Stock Analysis
When running Alphamin Res' price analysis, check to measure Alphamin Res' 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 Alphamin Res is operating at the current time. Most of Alphamin Res' value examination focuses on studying past and present price action to predict the probability of Alphamin Res' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphamin Res' price. Additionally, you may evaluate how the addition of Alphamin Res to your portfolios can decrease your overall portfolio volatility.