Azucar Minerals Stock Market Value
| AMZ Stock | CAD 0.04 0.01 16.67% |
| Symbol | Azucar |
Azucar Minerals Price To Book Ratio
Azucar 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 Azucar 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 Azucar Minerals.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Azucar Minerals on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Azucar Minerals or generate 0.0% return on investment in Azucar Minerals over 720 days. Azucar Minerals is related to or competes with Palamina Corp, and Fremont Gold. Azucar Minerals Ltd. acquires, explores for, and evaluates mineral properties in Canada, the United States, and Mexico More
Azucar 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 Azucar 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 Azucar Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.45 | |||
| Information Ratio | 0.1019 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Azucar Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azucar Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azucar Minerals' standard deviation. In reality, there are many statistical measures that can use Azucar Minerals historical prices to predict the future Azucar Minerals' volatility.| Risk Adjusted Performance | 0.0931 | |||
| Jensen Alpha | 1.66 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0705 | |||
| Treynor Ratio | (1.28) |
Azucar Minerals Backtested Returns
Azucar Minerals is out of control given 3 months investment horizon. Azucar Minerals secures Sharpe Ratio (or Efficiency) of 0.0873, which signifies that the company had a 0.0873% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Azucar Minerals Risk Adjusted Performance of 0.0931, mean deviation of 8.83, and Downside Deviation of 20.45 to evaluate company specific risk that cannot be diversified away. Azucar Minerals holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.21, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Azucar Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Azucar Minerals is expected to outperform it. Use Azucar Minerals maximum drawdown and the relationship between the semi variance and day typical price , to analyze future returns on Azucar Minerals.
Auto-correlation | 0.09 |
Virtually no predictability
Azucar Minerals has virtually no predictability. Overlapping area represents the amount of predictability between Azucar Minerals time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Azucar Minerals price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Azucar Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azucar Minerals lagged returns against current returns
Autocorrelation, which is Azucar 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 Azucar Minerals' stock expected returns. We can calculate the autocorrelation of Azucar Minerals returns to help us make a trade decision. For example, suppose you find that Azucar 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 |
Azucar 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 Azucar Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azucar Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azucar Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Azucar Minerals Lagged Returns
When evaluating Azucar Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azucar Minerals stock have on its future price. Azucar 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, Azucar Minerals autocorrelation shows the relationship between Azucar Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Azucar Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Azucar Stock Analysis
When running Azucar Minerals' price analysis, check to measure Azucar 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 Azucar Minerals is operating at the current time. Most of Azucar Minerals' value examination focuses on studying past and present price action to predict the probability of Azucar Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azucar Minerals' price. Additionally, you may evaluate how the addition of Azucar Minerals to your portfolios can decrease your overall portfolio volatility.