Ama Group Limited Stock Market Value
| AMGRF Stock | USD 0.05 0.00 0.00% |
| Symbol | AMA |
AMA Group '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 AMA Group's pink sheet 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 AMA Group.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in AMA Group on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding AMA Group Limited or generate 0.0% return on investment in AMA Group over 30 days. AMA Group is related to or competes with Adient PLC, Lear, Autoliv, American Axle, Dorman Products, and Fox Factory. AMA Group Limited operates and develops complementary businesses in the automotive aftercare market in Australia and New... More
AMA Group 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 AMA Group's pink sheet 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 AMA Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1422 | |||
| Maximum Drawdown | 34.24 | |||
| Potential Upside | 7.71 |
AMA Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMA Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMA Group's standard deviation. In reality, there are many statistical measures that can use AMA Group historical prices to predict the future AMA Group's volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.6844 | |||
| Total Risk Alpha | 0.0828 | |||
| Treynor Ratio | 2.47 |
AMA Group Limited Backtested Returns
AMA Group appears to be out of control, given 3 months investment horizon. AMA Group Limited retains Efficiency (Sharpe Ratio) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing AMA Group's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please makes use of AMA Group's market risk adjusted performance of 2.48, and Variance of 18.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AMA Group holds a performance score of 13. The firm owns a Beta (Systematic Risk) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMA Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMA Group is expected to be smaller as well. Please check AMA Group's standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether AMA Group's current price history will revert.
Auto-correlation | 0.44 |
Average predictability
AMA Group Limited has average predictability. Overlapping area represents the amount of predictability between AMA Group time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 AMA Group Limited price movement. The serial correlation of 0.44 indicates that just about 44.0% of current AMA Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AMA Group Limited lagged returns against current returns
Autocorrelation, which is AMA Group pink sheet'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 AMA Group's pink sheet expected returns. We can calculate the autocorrelation of AMA Group returns to help us make a trade decision. For example, suppose you find that AMA Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
AMA Group 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 AMA Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMA Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMA Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AMA Group Lagged Returns
When evaluating AMA Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMA Group pink sheet have on its future price. AMA Group 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, AMA Group autocorrelation shows the relationship between AMA Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AMA Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AMA Pink Sheet
AMA Group financial ratios help investors to determine whether AMA Pink Sheet 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 AMA with respect to the benefits of owning AMA Group security.