Alma Metals (Australia) Market Value
| ALM Stock | 0.01 0 12.50% |
| Symbol | Alma |
Alma 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 Alma 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 Alma Metals.
| 06/18/2024 |
| 01/09/2026 |
If you would invest 0.00 in Alma Metals on June 18, 2024 and sell it all today you would earn a total of 0.00 from holding Alma Metals or generate 0.0% return on investment in Alma Metals over 570 days. Alma Metals is related to or competes with Credit Clear, Insignia Financial, Commonwealth Bank, Environmental, National Australia, Air New, and BSP Financial. Alma Metals is entity of Australia. It is traded as Stock on AU exchange. More
Alma 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 Alma 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 Alma Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.6 | |||
| Information Ratio | 0.1011 | |||
| Maximum Drawdown | 70.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 33.33 |
Alma Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alma Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alma Metals' standard deviation. In reality, there are many statistical measures that can use Alma Metals historical prices to predict the future Alma Metals' volatility.| Risk Adjusted Performance | 0.089 | |||
| Jensen Alpha | 1.46 | |||
| Total Risk Alpha | 0.0957 | |||
| Sortino Ratio | 0.0917 | |||
| Treynor Ratio | 2.49 |
Alma Metals Backtested Returns
Alma Metals is out of control given 3 months investment horizon. Alma Metals secures Sharpe Ratio (or Efficiency) of 0.0923, which signifies that the company had a 0.0923 % return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.31% are justified by taking the suggested risk. Use Alma Metals Mean Deviation of 9.39, risk adjusted performance of 0.089, and Downside Deviation of 15.6 to evaluate company specific risk that cannot be diversified away. Alma Metals holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alma Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alma Metals is expected to be smaller as well. Use Alma Metals jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Alma Metals.
Auto-correlation | -0.66 |
Very good reverse predictability
Alma Metals has very good reverse predictability. Overlapping area represents the amount of predictability between Alma Metals time series from 18th of June 2024 to 30th of March 2025 and 30th of March 2025 to 9th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alma Metals price movement. The serial correlation of -0.66 indicates that around 66.0% of current Alma Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alma Metals lagged returns against current returns
Autocorrelation, which is Alma 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 Alma Metals' stock expected returns. We can calculate the autocorrelation of Alma Metals returns to help us make a trade decision. For example, suppose you find that Alma 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 |
Alma 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 Alma Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alma Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alma Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Alma Metals Lagged Returns
When evaluating Alma Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alma Metals stock have on its future price. Alma 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, Alma Metals autocorrelation shows the relationship between Alma Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Alma Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Alma Stock Analysis
When running Alma Metals' price analysis, check to measure Alma 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 Alma Metals is operating at the current time. Most of Alma Metals' value examination focuses on studying past and present price action to predict the probability of Alma Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alma Metals' price. Additionally, you may evaluate how the addition of Alma Metals to your portfolios can decrease your overall portfolio volatility.