Arizona Metals Corp Stock Market Value
| AMC Stock | 1.81 0.17 10.37% |
| Symbol | Arizona |
Arizona Metals Corp Price To Book Ratio
Arizona Metals '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 Arizona Metals' 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 Arizona Metals.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Arizona Metals on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Arizona Metals Corp or generate 0.0% return on investment in Arizona Metals over 60 days. Arizona Metals is related to or competes with I 80, Ressources Minieres, Amerigo Resources, and Aris Gold. QMX Gold Corporationration, a junior goldproducing company, engages in the acquisition, exploration, development, and operation of precious metal properties in Canada. More
Arizona Metals 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 Arizona Metals' 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 Arizona Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 25.56 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 9.36 |
Arizona Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arizona Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arizona Metals' standard deviation. In reality, there are many statistical measures that can use Arizona Metals historical prices to predict the future Arizona Metals' volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.1485 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.01) |
Arizona Metals Corp Backtested Returns
As of now, Arizona Stock is dangerous. Arizona Metals Corp secures Sharpe Ratio (or Efficiency) of 0.0088, which signifies that the company had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Arizona Metals Corp, which you can use to evaluate the volatility of the firm. Please confirm Arizona Metals' Risk Adjusted Performance of 0.0126, downside deviation of 3.73, and Mean Deviation of 3.51 to double-check if the risk estimate we provide is consistent with the expected return of 0.0427%. The firm shows a Beta (market volatility) of -1.14, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Arizona Metals are expected to decrease slowly. On the other hand, during market turmoil, Arizona Metals is expected to outperform it slightly. Arizona Metals Corp right now shows a risk of 4.87%. Please confirm Arizona Metals Corp standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Arizona Metals Corp will be following its price patterns.
Auto-correlation | 0.32 |
Below average predictability
Arizona Metals Corp has below average predictability. Overlapping area represents the amount of predictability between Arizona Metals time series from 29th of September 2024 to 29th of October 2024 and 29th of October 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 Arizona Metals Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Arizona Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Arizona Metals Corp lagged returns against current returns
Autocorrelation, which is Arizona Metals 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 Arizona Metals' stock expected returns. We can calculate the autocorrelation of Arizona Metals returns to help us make a trade decision. For example, suppose you find that Arizona Metals 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 |
Arizona Metals 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 Arizona Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arizona Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arizona Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Arizona Metals Lagged Returns
When evaluating Arizona Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arizona Metals stock have on its future price. Arizona Metals 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, Arizona Metals autocorrelation shows the relationship between Arizona Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Arizona Metals Corp.
Regressed Prices |
| Timeline |
Other Information on Investing in Arizona Stock
Arizona Metals financial ratios help investors to determine whether Arizona 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 Arizona with respect to the benefits of owning Arizona Metals security.