Amex Exploration Stock Market Value
| AMXEF Stock | USD 0.82 0.01 1.20% |
| Symbol | Amex |
Amex Exploration '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 Amex Exploration's otc 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 Amex Exploration.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Amex Exploration on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Amex Exploration or generate 0.0% return on investment in Amex Exploration over 720 days. Amex Exploration is related to or competes with Asante Gold, Allegiant Gold, Radisson Mining, Bluestone Resources, and Angus Gold. Amex Exploration Inc., a junior mining exploration company, acquires, explores, and develops gold projects in Canada More
Amex Exploration 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 Amex Exploration's otc 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 Amex Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 45.96 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.25 |
Amex Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amex Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amex Exploration's standard deviation. In reality, there are many statistical measures that can use Amex Exploration historical prices to predict the future Amex Exploration's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.51) | |||
| Treynor Ratio | 12.34 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amex Exploration's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amex Exploration Backtested Returns
Amex Exploration secures Sharpe Ratio (or Efficiency) of -0.0965, which signifies that the company had a -0.0965% return per unit of standard deviation over the last 3 months. Amex Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amex Exploration's risk adjusted performance of (0.06), and Mean Deviation of 3.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0458, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amex Exploration are expected to decrease at a much lower rate. During the bear market, Amex Exploration is likely to outperform the market. At this point, Amex Exploration has a negative expected return of -0.62%. Please make sure to confirm Amex Exploration's jensen alpha and the relationship between the value at risk and day typical price , to decide if Amex Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Amex Exploration has modest predictability. Overlapping area represents the amount of predictability between Amex Exploration time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Amex Exploration price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Amex Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Amex Exploration lagged returns against current returns
Autocorrelation, which is Amex Exploration otc 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 Amex Exploration's otc stock expected returns. We can calculate the autocorrelation of Amex Exploration returns to help us make a trade decision. For example, suppose you find that Amex Exploration has exhibited high autocorrelation historically, and you observe that the otc 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 |
Amex Exploration 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 Amex Exploration otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amex Exploration otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amex Exploration otc stock over time.
Current vs Lagged Prices |
| Timeline |
Amex Exploration Lagged Returns
When evaluating Amex Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amex Exploration otc stock have on its future price. Amex Exploration 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, Amex Exploration autocorrelation shows the relationship between Amex Exploration otc stock current value and its past values and can show if there is a momentum factor associated with investing in Amex Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Amex OTC Stock
Amex Exploration financial ratios help investors to determine whether Amex OTC 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 Amex with respect to the benefits of owning Amex Exploration security.