Almaden Minerals Stock Market Value
| AMM Stock | CAD 0.12 0.01 9.09% |
| Symbol | Almaden |
Almaden 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 Almaden 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 Almaden Minerals.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Almaden Minerals on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Almaden Minerals or generate 0.0% return on investment in Almaden Minerals over 720 days. Almaden Minerals is related to or competes with Mirasol Resources, Minco Silver, Radius Gold, Solitario Exploration, and Entree Resources. Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral... More
Almaden 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 Almaden 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 Almaden Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.85 | |||
| Information Ratio | 0.172 | |||
| Maximum Drawdown | 42.42 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 20.0 |
Almaden Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almaden Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almaden Minerals' standard deviation. In reality, there are many statistical measures that can use Almaden Minerals historical prices to predict the future Almaden Minerals' volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 1.39 | |||
| Total Risk Alpha | 1.38 | |||
| Sortino Ratio | 0.1081 | |||
| Treynor Ratio | 2.57 |
Almaden Minerals Backtested Returns
Almaden Minerals is out of control given 3 months investment horizon. Almaden Minerals secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.42% are justified by taking the suggested risk. Use Almaden Minerals Risk Adjusted Performance of 0.1319, downside deviation of 12.85, and Mean Deviation of 4.5 to evaluate company specific risk that cannot be diversified away. Almaden Minerals holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Almaden Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Almaden Minerals is expected to be smaller as well. Use Almaden Minerals total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Almaden Minerals.
Auto-correlation | 0.44 |
Average predictability
Almaden Minerals has average predictability. Overlapping area represents the amount of predictability between Almaden Minerals time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Almaden Minerals price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Almaden Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Almaden Minerals lagged returns against current returns
Autocorrelation, which is Almaden 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 Almaden Minerals' stock expected returns. We can calculate the autocorrelation of Almaden Minerals returns to help us make a trade decision. For example, suppose you find that Almaden 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 |
Almaden 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 Almaden Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almaden Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almaden Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Almaden Minerals Lagged Returns
When evaluating Almaden Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almaden Minerals stock have on its future price. Almaden 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, Almaden Minerals autocorrelation shows the relationship between Almaden Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Almaden Minerals.
Regressed Prices |
| Timeline |
Pair Trading with Almaden Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Almaden Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Almaden Stock
| 0.6 | AAPL | Apple Inc CDR | PairCorr |
| 0.59 | INFM | Infinico Metals Corp | PairCorr |
| 0.55 | IE | Ivanhoe Energy | PairCorr |
| 0.51 | VZ | Verizon Communications | PairCorr |
| 0.34 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Almaden Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Almaden Minerals to buy it.
The correlation of Almaden Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Almaden Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Almaden Stock
Almaden Minerals financial ratios help investors to determine whether Almaden 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 Almaden with respect to the benefits of owning Almaden Minerals security.