Algoma Central Stock Market Value
| AGMJF Stock | USD 10.90 0.00 0.00% |
| Symbol | Algoma |
Algoma Central '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 Algoma Central's 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 Algoma Central.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Algoma Central on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Algoma Central or generate 0.0% return on investment in Algoma Central over 90 days. Algoma Central is related to or competes with TOMI Environmental, SCOR PK, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and SPACE. Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St More
Algoma Central 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 Algoma Central's 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 Algoma Central upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.1 | |||
| Potential Upside | 1.21 |
Algoma Central Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Algoma Central's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Algoma Central's standard deviation. In reality, there are many statistical measures that can use Algoma Central historical prices to predict the future Algoma Central's volatility.| Risk Adjusted Performance | 0.0224 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.19) |
Algoma Central Backtested Returns
At this point, Algoma Central is very steady. Algoma Central secures Sharpe Ratio (or Efficiency) of 0.0271, which signifies that the company had a 0.0271% return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for Algoma Central, which you can use to evaluate the volatility of the firm. Please confirm Algoma Central's mean deviation of 0.283, and Risk Adjusted Performance of 0.0224 to double-check if the risk estimate we provide is consistent with the expected return of 0.0264%. Algoma Central has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0814, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Algoma Central are expected to decrease at a much lower rate. During the bear market, Algoma Central is likely to outperform the market. Algoma Central right now shows a risk of 0.98%. Please confirm Algoma Central maximum drawdown, and the relationship between the variance and kurtosis , to decide if Algoma Central will be following its price patterns.
Auto-correlation | 0.29 |
Poor predictability
Algoma Central has poor predictability. Overlapping area represents the amount of predictability between Algoma Central time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Algoma Central price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Algoma Central price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Algoma Central lagged returns against current returns
Autocorrelation, which is Algoma Central 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 Algoma Central's pink sheet expected returns. We can calculate the autocorrelation of Algoma Central returns to help us make a trade decision. For example, suppose you find that Algoma Central 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 |
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Algoma Central 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 Algoma Central pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Algoma Central pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Algoma Central pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Algoma Central Lagged Returns
When evaluating Algoma Central's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Algoma Central pink sheet have on its future price. Algoma Central 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, Algoma Central autocorrelation shows the relationship between Algoma Central pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Algoma Central.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Algoma Pink Sheet
Algoma Central financial ratios help investors to determine whether Algoma 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 Algoma with respect to the benefits of owning Algoma Central security.