Alliance Mining Corp Stock Market Value
| ALM Stock | CAD 0.20 0.00 0.00% |
| Symbol | Alliance |
Alliance Mining '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 Alliance Mining's 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 Alliance Mining.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Alliance Mining on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Alliance Mining Corp or generate 0.0% return on investment in Alliance Mining over 60 days. Alliance Mining is related to or competes with MTY Food, Wishpond Technologies, Falcon Energy, Guru Organic, Northstar Clean, Maple Leaf, and Electra Battery. Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Alliance Mining 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 Alliance Mining's 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 Alliance Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2003 | |||
| Maximum Drawdown | 55.56 | |||
| Potential Upside | 17.65 |
Alliance Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Mining's standard deviation. In reality, there are many statistical measures that can use Alliance Mining historical prices to predict the future Alliance Mining's volatility.| Risk Adjusted Performance | 0.1734 | |||
| Jensen Alpha | 1.88 | |||
| Total Risk Alpha | 0.5062 | |||
| Treynor Ratio | 4.95 |
Alliance Mining Corp Backtested Returns
Alliance Mining is out of control given 3 months investment horizon. Alliance Mining Corp secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.83% are justified by taking the suggested risk. Use Alliance Mining Risk Adjusted Performance of 0.1734, mean deviation of 4.19, and Standard Deviation of 9.01 to evaluate company specific risk that cannot be diversified away. Alliance Mining holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alliance Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliance Mining is expected to be smaller as well. Use Alliance Mining standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to analyze future returns on Alliance Mining.
Auto-correlation | 0.44 |
Average predictability
Alliance Mining Corp has average predictability. Overlapping area represents the amount of predictability between Alliance Mining time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Alliance Mining Corp price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Alliance Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alliance Mining Corp lagged returns against current returns
Autocorrelation, which is Alliance Mining 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 Alliance Mining's stock expected returns. We can calculate the autocorrelation of Alliance Mining returns to help us make a trade decision. For example, suppose you find that Alliance Mining 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 |
Alliance Mining 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 Alliance Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Alliance Mining Lagged Returns
When evaluating Alliance Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Mining stock have on its future price. Alliance Mining 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, Alliance Mining autocorrelation shows the relationship between Alliance Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Mining Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Alliance Stock Analysis
When running Alliance Mining's price analysis, check to measure Alliance Mining's 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 Alliance Mining is operating at the current time. Most of Alliance Mining's value examination focuses on studying past and present price action to predict the probability of Alliance Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Mining's price. Additionally, you may evaluate how the addition of Alliance Mining to your portfolios can decrease your overall portfolio volatility.