Andean Silver (Australia) Market Value
| ASL Stock | 1.00 0.02 1.96% |
| Symbol | Andean |
Andean Silver '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 Silver'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 Andean Silver.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Andean Silver on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Andean Silver Limited or generate 0.0% return on investment in Andean Silver over 180 days. Andean Silver is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Andean Silver is entity of Australia. It is traded as Stock on AU exchange. More
Andean Silver 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 Silver'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 Andean Silver Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.91 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 8.24 |
Andean Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andean Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andean Silver's standard deviation. In reality, there are many statistical measures that can use Andean Silver historical prices to predict the future Andean Silver's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.6049 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0831 | |||
| Treynor Ratio | (0.83) |
Andean Silver Limited Backtested Returns
Andean Silver appears to be extremely dangerous, given 3 months investment horizon. Andean Silver Limited secures Sharpe Ratio (or Efficiency) of 0.0952, which signifies that the company had a 0.0952% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Andean Silver Limited, which you can use to evaluate the volatility of the firm. Please makes use of Andean Silver's mean deviation of 3.81, and Risk Adjusted Performance of 0.091 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Andean Silver holds a performance score of 7. The firm shows a Beta (market volatility) of -0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Andean Silver are expected to decrease at a much lower rate. During the bear market, Andean Silver is likely to outperform the market. Please check Andean Silver's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Andean Silver's price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Andean Silver Limited has weak predictability. Overlapping area represents the amount of predictability between Andean Silver time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Andean Silver Limited price movement. The serial correlation of 0.2 indicates that over 20.0% of current Andean Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Andean Silver Limited lagged returns against current returns
Autocorrelation, which is Andean Silver 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 Silver's stock expected returns. We can calculate the autocorrelation of Andean Silver returns to help us make a trade decision. For example, suppose you find that Andean Silver 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 Silver 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 Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andean Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andean Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Andean Silver Lagged Returns
When evaluating Andean Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andean Silver stock have on its future price. Andean Silver 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 Silver autocorrelation shows the relationship between Andean Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Andean Silver Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Andean Stock Analysis
When running Andean Silver's price analysis, check to measure Andean Silver'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 Andean Silver is operating at the current time. Most of Andean Silver's value examination focuses on studying past and present price action to predict the probability of Andean Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andean Silver's price. Additionally, you may evaluate how the addition of Andean Silver to your portfolios can decrease your overall portfolio volatility.