Andean Precious Metals Stock Market Value
| APM Stock | 1.49 0.06 3.87% |
| Symbol | Andean |
Andean Precious '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 Andean Precious' 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 Andean Precious.
| 12/27/2024 |
| 01/26/2025 |
If you would invest 0.00 in Andean Precious on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Andean Precious Metals or generate 0.0% return on investment in Andean Precious over 30 days. Andean Precious is related to or competes with Pan American, MAG Silver, Fortuna Silver, Aya Gold, Endeavour Silver, Silvercorp Metals, and Discovery Silver. Andean Precious is entity of Canada. It is traded as Stock on TO exchange. More
Andean Precious 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 Andean Precious' 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 Andean Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.3912 | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 8.8 |
Andean Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andean Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andean Precious' standard deviation. In reality, there are many statistical measures that can use Andean Precious historical prices to predict the future Andean Precious' volatility.| Risk Adjusted Performance | 0.3499 | |||
| Jensen Alpha | 1.64 | |||
| Total Risk Alpha | 1.45 | |||
| Sortino Ratio | 0.5039 | |||
| Treynor Ratio | 2.71 |
Andean Precious Metals Backtested Returns
Andean Precious is dangerous given 3 months investment horizon. Andean Precious Metals secures Sharpe Ratio (or Efficiency) of 0.39, which signifies that the company had a 0.39 % return per unit of standard deviation over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Andean Precious risk adjusted performance of 0.3499, and Mean Deviation of 3.23 to evaluate company specific risk that cannot be diversified away. Andean Precious holds a performance score of 30 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Andean Precious' returns are expected to increase less than the market. However, during the bear market, the loss of holding Andean Precious is expected to be smaller as well. Use Andean Precious potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on Andean Precious.
Auto-correlation | 0.75 |
Good predictability
Andean Precious Metals has good predictability. Overlapping area represents the amount of predictability between Andean Precious time series from 27th of December 2024 to 11th of January 2025 and 11th of January 2025 to 26th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Andean Precious Metals price movement. The serial correlation of 0.75 indicates that around 75.0% of current Andean Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Andean Precious Metals lagged returns against current returns
Autocorrelation, which is Andean Precious 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 Andean Precious' stock expected returns. We can calculate the autocorrelation of Andean Precious returns to help us make a trade decision. For example, suppose you find that Andean Precious 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 |
Andean Precious 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 Andean Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andean Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andean Precious stock over time.
Current vs Lagged Prices |
| Timeline |
Andean Precious Lagged Returns
When evaluating Andean Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andean Precious stock have on its future price. Andean Precious 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, Andean Precious autocorrelation shows the relationship between Andean Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Andean Precious Metals.
Regressed Prices |
| Timeline |
Pair Trading with Andean Precious
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 Andean Precious 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 Andean Precious will appreciate offsetting losses from the drop in the long position's value.Moving against Andean Stock
| 0.71 | SEC | Senvest Capital | PairCorr |
| 0.61 | ETG | Entree Resources | PairCorr |
| 0.55 | ARX | ARC Resources | PairCorr |
| 0.51 | AZS | Arizona Gold Silver Earnings Call Tomorrow | PairCorr |
| 0.42 | WELL | WELL Health Technologies | PairCorr |
The ability to find closely correlated positions to Andean Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andean Precious 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 Andean Precious - 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 Andean Precious Metals to buy it.
The correlation of Andean Precious 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 Andean Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andean Precious Metals 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 Andean Precious 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.Other Information on Investing in Andean Stock
Andean Precious financial ratios help investors to determine whether Andean 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 Andean with respect to the benefits of owning Andean Precious security.