AltynGold Plc (UK) Market Value
| ALTN Stock | 1,635 45.00 2.68% |
| Symbol | AltynGold |
AltynGold Plc '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 AltynGold Plc'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 AltynGold Plc.
| 02/01/2024 |
| 01/21/2026 |
If you would invest 0.00 in AltynGold Plc on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding AltynGold plc or generate 0.0% return on investment in AltynGold Plc over 720 days. AltynGold Plc is related to or competes with Allianz Technology, MTI Wireless, Jacquet Metal, Critical Metals, Oxford Technology, Hochschild Mining, and International Biotechnology. AltynGold Plc is entity of United Kingdom More
AltynGold Plc 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 AltynGold Plc'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 AltynGold plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.74 | |||
| Information Ratio | 0.1634 | |||
| Maximum Drawdown | 18.8 | |||
| Value At Risk | (6.34) | |||
| Potential Upside | 8.58 |
AltynGold Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltynGold Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AltynGold Plc's standard deviation. In reality, there are many statistical measures that can use AltynGold Plc historical prices to predict the future AltynGold Plc's volatility.| Risk Adjusted Performance | 0.1393 | |||
| Jensen Alpha | 0.8026 | |||
| Total Risk Alpha | 0.4162 | |||
| Sortino Ratio | 0.1606 | |||
| Treynor Ratio | 2.26 |
AltynGold plc Backtested Returns
AltynGold Plc is very steady given 3 months investment horizon. AltynGold plc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use AltynGold Plc Risk Adjusted Performance of 0.1393, mean deviation of 3.51, and Downside Deviation of 4.74 to evaluate company specific risk that cannot be diversified away. AltynGold Plc holds a performance score of 18 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AltynGold Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding AltynGold Plc is expected to be smaller as well. Use AltynGold Plc total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on AltynGold Plc.
Auto-correlation | 0.86 |
Very good predictability
AltynGold plc has very good predictability. Overlapping area represents the amount of predictability between AltynGold Plc time series from 1st of February 2024 to 26th of January 2025 and 26th of January 2025 to 21st 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 AltynGold plc price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current AltynGold Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 120 K |
AltynGold plc lagged returns against current returns
Autocorrelation, which is AltynGold Plc 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 AltynGold Plc's stock expected returns. We can calculate the autocorrelation of AltynGold Plc returns to help us make a trade decision. For example, suppose you find that AltynGold Plc 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 |
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AltynGold Plc 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 AltynGold Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AltynGold Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AltynGold Plc stock over time.
Current vs Lagged Prices |
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AltynGold Plc Lagged Returns
When evaluating AltynGold Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AltynGold Plc stock have on its future price. AltynGold Plc 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, AltynGold Plc autocorrelation shows the relationship between AltynGold Plc stock current value and its past values and can show if there is a momentum factor associated with investing in AltynGold plc.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for AltynGold Stock Analysis
When running AltynGold Plc's price analysis, check to measure AltynGold Plc'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 AltynGold Plc is operating at the current time. Most of AltynGold Plc's value examination focuses on studying past and present price action to predict the probability of AltynGold Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AltynGold Plc's price. Additionally, you may evaluate how the addition of AltynGold Plc to your portfolios can decrease your overall portfolio volatility.