American Sierra Gold Stock Market Value
| AMNP Stock | USD 0 0 33.33% |
| Symbol | American |
American Sierra '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 American Sierra'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 American Sierra.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in American Sierra on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding American Sierra Gold or generate 0.0% return on investment in American Sierra over 270 days. American Sierra is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Medinah Gold, Inc. was incorporated in 1999 and is based in Nevada More
American Sierra 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 American Sierra'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 American Sierra Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.43 | |||
| Information Ratio | 0.0293 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 40.0 |
American Sierra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Sierra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Sierra's standard deviation. In reality, there are many statistical measures that can use American Sierra historical prices to predict the future American Sierra's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.6682 | |||
| Total Risk Alpha | (1.93) | |||
| Sortino Ratio | 0.0171 | |||
| Treynor Ratio | (0.90) |
American Sierra Gold Backtested Returns
American Sierra appears to be out of control, given 3 months investment horizon. American Sierra Gold secures Sharpe Ratio (or Efficiency) of 0.0222, which signifies that the company had a 0.0222% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Sierra Gold, which you can use to evaluate the volatility of the firm. Please makes use of American Sierra's risk adjusted performance of 0.0382, and Mean Deviation of 7.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, American Sierra holds a performance score of 1. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning American Sierra are expected to decrease at a much lower rate. During the bear market, American Sierra is likely to outperform the market. Please check American Sierra's information ratio and the relationship between the maximum drawdown and day median price , to make a quick decision on whether American Sierra's price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
American Sierra Gold has virtually no predictability. Overlapping area represents the amount of predictability between American Sierra time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 American Sierra Gold price movement. The serial correlation of 0.07 indicates that barely 7.0% of current American Sierra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Sierra Gold lagged returns against current returns
Autocorrelation, which is American Sierra 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 American Sierra's pink sheet expected returns. We can calculate the autocorrelation of American Sierra returns to help us make a trade decision. For example, suppose you find that American Sierra 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 |
American Sierra 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 American Sierra pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Sierra pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Sierra pink sheet over time.
Current vs Lagged Prices |
| Timeline |
American Sierra Lagged Returns
When evaluating American Sierra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Sierra pink sheet have on its future price. American Sierra 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, American Sierra autocorrelation shows the relationship between American Sierra pink sheet current value and its past values and can show if there is a momentum factor associated with investing in American Sierra Gold.
Regressed Prices |
| Timeline |
Pair Trading with American Sierra
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 American Sierra 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 American Sierra will appreciate offsetting losses from the drop in the long position's value.Moving against American Pink Sheet
| 0.67 | IMPUF | Impala Platinum Holdings | PairCorr |
| 0.65 | FNLPF | Fresnillo PLC | PairCorr |
| 0.65 | PYPL | PayPal Holdings | PairCorr |
| 0.65 | LLYVK | Liberty Media | PairCorr |
| 0.63 | NVDA | NVIDIA | PairCorr |
The ability to find closely correlated positions to American Sierra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Sierra 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 American Sierra - 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 American Sierra Gold to buy it.
The correlation of American Sierra 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 American Sierra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Sierra Gold 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 American Sierra 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.Additional Tools for American Pink Sheet Analysis
When running American Sierra's price analysis, check to measure American Sierra'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 American Sierra is operating at the current time. Most of American Sierra's value examination focuses on studying past and present price action to predict the probability of American Sierra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Sierra's price. Additionally, you may evaluate how the addition of American Sierra to your portfolios can decrease your overall portfolio volatility.