Alvo Minerals (Australia) Market Value
| ALV Stock | 0.07 0.01 12.50% |
| Symbol | Alvo |
Alvo Minerals '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 Alvo Minerals' 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 Alvo Minerals.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Alvo Minerals on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Alvo Minerals or generate 0.0% return on investment in Alvo Minerals over 90 days. Alvo Minerals is related to or competes with Perseus Mining, Ramsay Health, Regis Healthcare, Aspire Mining, and Oneview Healthcare. Alvo Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Alvo Minerals 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 Alvo Minerals' 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 Alvo Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 30.57 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.89 |
Alvo Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alvo Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alvo Minerals' standard deviation. In reality, there are many statistical measures that can use Alvo Minerals historical prices to predict the future Alvo Minerals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 0.444 |
Alvo Minerals Backtested Returns
Alvo Minerals secures Sharpe Ratio (or Efficiency) of -0.0762, which signifies that the company had a -0.0762% return per unit of risk over the last 3 months. Alvo Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alvo Minerals' Standard Deviation of 4.43, mean deviation of 2.07, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. 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, returns on owning Alvo Minerals are expected to decrease at a much lower rate. During the bear market, Alvo Minerals is likely to outperform the market. At this point, Alvo Minerals has a negative expected return of -0.36%. Please make sure to confirm Alvo Minerals' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Alvo Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Alvo Minerals has very weak reverse predictability. Overlapping area represents the amount of predictability between Alvo Minerals time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Alvo Minerals price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Alvo Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alvo Minerals lagged returns against current returns
Autocorrelation, which is Alvo Minerals 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 Alvo Minerals' stock expected returns. We can calculate the autocorrelation of Alvo Minerals returns to help us make a trade decision. For example, suppose you find that Alvo Minerals 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 |
Alvo Minerals 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 Alvo Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alvo Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alvo Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Alvo Minerals Lagged Returns
When evaluating Alvo Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alvo Minerals stock have on its future price. Alvo Minerals 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, Alvo Minerals autocorrelation shows the relationship between Alvo Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Alvo Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Alvo Stock Analysis
When running Alvo Minerals' price analysis, check to measure Alvo Minerals' 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 Alvo Minerals is operating at the current time. Most of Alvo Minerals' value examination focuses on studying past and present price action to predict the probability of Alvo Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alvo Minerals' price. Additionally, you may evaluate how the addition of Alvo Minerals to your portfolios can decrease your overall portfolio volatility.