Aloro Mining Corp Stock Market Value
| AORO Stock | CAD 0.01 0.01 50.00% |
| Symbol | Aloro |
Aloro Mining '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 Aloro Mining's 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 Aloro Mining.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Aloro Mining on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Aloro Mining Corp or generate 0.0% return on investment in Aloro Mining over 330 days. Aloro Mining is related to or competes with Champion Iron, Costco Wholesale, Salesforce, Chemtrade Logistics, and Plaza Retail. Aloro Mining Corp., a gold exploration company, engages in the acquisition, exploration, and development of mineral prop... More
Aloro Mining 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 Aloro Mining's 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 Aloro Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 50.0 |
Aloro Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aloro Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aloro Mining's standard deviation. In reality, there are many statistical measures that can use Aloro Mining historical prices to predict the future Aloro Mining's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (25.25) |
Aloro Mining Corp Backtested Returns
Aloro Mining Corp secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Aloro Mining Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aloro Mining's Standard Deviation of 6.15, risk adjusted performance of (0.09), and Mean Deviation of 1.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0304, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aloro Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aloro Mining is expected to be smaller as well. At this point, Aloro Mining Corp has a negative expected return of -0.78%. Please make sure to confirm Aloro Mining's information ratio, total risk alpha, kurtosis, as well as the relationship between the jensen alpha and skewness , to decide if Aloro Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Aloro Mining Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Aloro Mining time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Aloro Mining Corp price movement. The serial correlation of -0.25 indicates that over 25.0% of current Aloro Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aloro Mining Corp lagged returns against current returns
Autocorrelation, which is Aloro Mining 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 Aloro Mining's stock expected returns. We can calculate the autocorrelation of Aloro Mining returns to help us make a trade decision. For example, suppose you find that Aloro Mining 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 |
Aloro Mining 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 Aloro Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aloro Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aloro Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Aloro Mining Lagged Returns
When evaluating Aloro Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aloro Mining stock have on its future price. Aloro Mining 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, Aloro Mining autocorrelation shows the relationship between Aloro Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Aloro Mining Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Aloro Stock Analysis
When running Aloro Mining's price analysis, check to measure Aloro Mining'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 Aloro Mining is operating at the current time. Most of Aloro Mining's value examination focuses on studying past and present price action to predict the probability of Aloro Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aloro Mining's price. Additionally, you may evaluate how the addition of Aloro Mining to your portfolios can decrease your overall portfolio volatility.