Amaroq Minerals (UK) Market Value
| AMRQ Stock | 80.00 0.50 0.63% |
| Symbol | Amaroq |
Amaroq 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 Amaroq 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 Amaroq Minerals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Amaroq Minerals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Amaroq Minerals or generate 0.0% return on investment in Amaroq Minerals over 30 days. Amaroq Minerals is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Central Asia, and Anglo Asian. Amaroq Minerals is entity of United Kingdom More
Amaroq 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 Amaroq 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 Amaroq Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1699 | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 4.35 |
Amaroq Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amaroq Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amaroq Minerals' standard deviation. In reality, there are many statistical measures that can use Amaroq Minerals historical prices to predict the future Amaroq Minerals' volatility.| Risk Adjusted Performance | 0.1637 | |||
| Jensen Alpha | 0.7464 | |||
| Total Risk Alpha | 0.1701 | |||
| Sortino Ratio | 0.3441 | |||
| Treynor Ratio | 2.04 |
Amaroq Minerals Backtested Returns
Amaroq Minerals appears to be very steady, given 3 months investment horizon. Amaroq Minerals secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. By analyzing Amaroq Minerals' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of Amaroq Minerals' mean deviation of 2.05, and Risk Adjusted Performance of 0.1637 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amaroq Minerals holds a performance score of 16. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amaroq Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Amaroq Minerals is expected to be smaller as well. Please check Amaroq Minerals' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Amaroq Minerals' price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Amaroq Minerals has poor predictability. Overlapping area represents the amount of predictability between Amaroq Minerals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Amaroq Minerals price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Amaroq Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.05 |
Amaroq Minerals lagged returns against current returns
Autocorrelation, which is Amaroq 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 Amaroq Minerals' stock expected returns. We can calculate the autocorrelation of Amaroq Minerals returns to help us make a trade decision. For example, suppose you find that Amaroq 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 |
Amaroq 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 Amaroq Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amaroq Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amaroq Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Amaroq Minerals Lagged Returns
When evaluating Amaroq Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amaroq Minerals stock have on its future price. Amaroq 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, Amaroq Minerals autocorrelation shows the relationship between Amaroq Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Amaroq Minerals.
Regressed Prices |
| Timeline |
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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 Amaroq Stock Analysis
When running Amaroq Minerals' price analysis, check to measure Amaroq Minerals' 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 Amaroq Minerals is operating at the current time. Most of Amaroq Minerals' value examination focuses on studying past and present price action to predict the probability of Amaroq Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amaroq Minerals' price. Additionally, you may evaluate how the addition of Amaroq Minerals to your portfolios can decrease your overall portfolio volatility.