Altamira Gold Corp Stock Market Value
| ALTA Stock | CAD 0.14 0.01 7.69% |
| Symbol | Altamira |
Altamira Gold Corp Price To Book Ratio
Altamira Gold '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 Altamira Gold'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 Altamira Gold.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Altamira Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Altamira Gold Corp or generate 0.0% return on investment in Altamira Gold over 30 days. Altamira Gold is related to or competes with GMV Minerals. Altamira Gold Corp. engages in the acquisition, exploration, development, and mining of mineral properties in Brazil More
Altamira Gold 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 Altamira Gold'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 Altamira Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.87 | |||
| Information Ratio | 0.0679 | |||
| Maximum Drawdown | 36.41 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.5 |
Altamira Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altamira Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altamira Gold's standard deviation. In reality, there are many statistical measures that can use Altamira Gold historical prices to predict the future Altamira Gold's volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | 0.8576 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | (0.22) |
Altamira Gold Corp Backtested Returns
Altamira Gold appears to be out of control, given 3 months investment horizon. Altamira Gold Corp 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. By analyzing Altamira Gold's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of Altamira Gold's Risk Adjusted Performance of 0.0755, mean deviation of 4.13, and Downside Deviation of 8.87 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Altamira Gold holds a performance score of 8. The firm shows a Beta (market volatility) of -2.56, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Altamira Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Altamira Gold is expected to outperform it. Please check Altamira Gold's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Altamira Gold's price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Altamira Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Altamira Gold time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Altamira Gold Corp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Altamira Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altamira Gold Corp lagged returns against current returns
Autocorrelation, which is Altamira Gold 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 Altamira Gold's stock expected returns. We can calculate the autocorrelation of Altamira Gold returns to help us make a trade decision. For example, suppose you find that Altamira Gold 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 |
Altamira Gold 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 Altamira Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altamira Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altamira Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Altamira Gold Lagged Returns
When evaluating Altamira Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altamira Gold stock have on its future price. Altamira Gold 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, Altamira Gold autocorrelation shows the relationship between Altamira Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Altamira Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Altamira Stock Analysis
When running Altamira Gold's price analysis, check to measure Altamira Gold'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 Altamira Gold is operating at the current time. Most of Altamira Gold's value examination focuses on studying past and present price action to predict the probability of Altamira Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altamira Gold's price. Additionally, you may evaluate how the addition of Altamira Gold to your portfolios can decrease your overall portfolio volatility.