Almonty Industries Stock Market Value
| ALMTF Stock | USD 0.64 0.01 1.59% |
| Symbol | Almonty |
Almonty Industries '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 Almonty Industries' otc 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 Almonty Industries.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Almonty Industries on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Almonty Industries or generate 0.0% return on investment in Almonty Industries over 30 days. Almonty Industries is related to or competes with Aurelia Metals, Adriatic Metals, American Helium, and Progressive Planet. Almonty Industries Inc. engages in mining, processing, and shipping tungsten concentrate More
Almonty Industries 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 Almonty Industries' otc 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 Almonty Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 6.56 |
Almonty Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almonty Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almonty Industries' standard deviation. In reality, there are many statistical measures that can use Almonty Industries historical prices to predict the future Almonty Industries' volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.1373 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0205 | |||
| Treynor Ratio | 0.409 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Almonty Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Almonty Industries Backtested Returns
At this point, Almonty Industries is abnormally volatile. Almonty Industries secures Sharpe Ratio (or Efficiency) of 0.0384, which signifies that the company had a 0.0384% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Almonty Industries, which you can use to evaluate the volatility of the firm. Please confirm Almonty Industries' Risk Adjusted Performance of 0.0533, downside deviation of 3.5, and Mean Deviation of 2.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Almonty Industries has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Almonty Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Almonty Industries is expected to be smaller as well. Almonty Industries right now shows a risk of 3.55%. Please confirm Almonty Industries total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Almonty Industries will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Almonty Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between Almonty Industries time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Almonty Industries price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Almonty Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Almonty Industries lagged returns against current returns
Autocorrelation, which is Almonty Industries otc 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 Almonty Industries' otc stock expected returns. We can calculate the autocorrelation of Almonty Industries returns to help us make a trade decision. For example, suppose you find that Almonty Industries has exhibited high autocorrelation historically, and you observe that the otc 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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Almonty Industries 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 Almonty Industries otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almonty Industries otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almonty Industries otc stock over time.
Current vs Lagged Prices |
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Almonty Industries Lagged Returns
When evaluating Almonty Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almonty Industries otc stock have on its future price. Almonty Industries 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, Almonty Industries autocorrelation shows the relationship between Almonty Industries otc stock current value and its past values and can show if there is a momentum factor associated with investing in Almonty Industries.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Almonty OTC Stock
Almonty Industries financial ratios help investors to determine whether Almonty OTC Stock 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 Almonty with respect to the benefits of owning Almonty Industries security.