Ameramex International Stock Market Value
| AMMX Stock | USD 0.21 0.21 50.00% |
| Symbol | AmeraMex |
AmeraMex International '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 AmeraMex International'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 AmeraMex International.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AmeraMex International on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AmeraMex International or generate 0.0% return on investment in AmeraMex International over 510 days. AmeraMex International is related to or competes with First Tractor, Ag Growth, Arts Way, Austin Engineering, Astec Industries, Alamo, and Buhler Industries. AmeraMex International, Inc. sells, leases, and rents new and refurbished heavy equipment primarily in the United States More
AmeraMex International 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 AmeraMex International'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 AmeraMex International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.86 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.71 |
AmeraMex International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AmeraMex International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AmeraMex International's standard deviation. In reality, there are many statistical measures that can use AmeraMex International historical prices to predict the future AmeraMex International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | 0.3172 |
AmeraMex International Backtested Returns
AmeraMex International secures Sharpe Ratio (or Efficiency) of -0.0731, which signifies that the company had a -0.0731% return per unit of standard deviation over the last 3 months. AmeraMex International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AmeraMex International's risk adjusted performance of (0.04), and Mean Deviation of 3.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.36, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AmeraMex International are expected to decrease by larger amounts. On the other hand, during market turmoil, AmeraMex International is expected to outperform it. At this point, AmeraMex International has a negative expected return of -0.52%. Please make sure to confirm AmeraMex International's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if AmeraMex International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
AmeraMex International has modest reverse predictability. Overlapping area represents the amount of predictability between AmeraMex International time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 AmeraMex International price movement. The serial correlation of -0.48 indicates that about 48.0% of current AmeraMex International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AmeraMex International lagged returns against current returns
Autocorrelation, which is AmeraMex International 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 AmeraMex International's pink sheet expected returns. We can calculate the autocorrelation of AmeraMex International returns to help us make a trade decision. For example, suppose you find that AmeraMex International 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 |
AmeraMex International 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 AmeraMex International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AmeraMex International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AmeraMex International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AmeraMex International Lagged Returns
When evaluating AmeraMex International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AmeraMex International pink sheet have on its future price. AmeraMex International 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, AmeraMex International autocorrelation shows the relationship between AmeraMex International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AmeraMex International.
Regressed Prices |
| Timeline |
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 AmeraMex Pink Sheet Analysis
When running AmeraMex International's price analysis, check to measure AmeraMex International'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 AmeraMex International is operating at the current time. Most of AmeraMex International's value examination focuses on studying past and present price action to predict the probability of AmeraMex International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AmeraMex International's price. Additionally, you may evaluate how the addition of AmeraMex International to your portfolios can decrease your overall portfolio volatility.