AfriTin Mining (UK) Market Value
| ATM Stock | 2.30 0.15 6.12% |
| Symbol | AfriTin |
AfriTin 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 AfriTin 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 AfriTin Mining.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in AfriTin Mining on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding AfriTin Mining or generate 0.0% return on investment in AfriTin Mining over 720 days. AfriTin Mining is related to or competes with Atalaya Mining, Central Asia, Anglo Asian, and Metals Exploration. AfriTin Mining is entity of United Kingdom More
AfriTin 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 AfriTin 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 AfriTin Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 24.69 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 3.64 |
AfriTin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AfriTin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AfriTin Mining's standard deviation. In reality, there are many statistical measures that can use AfriTin Mining historical prices to predict the future AfriTin Mining's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.89) |
AfriTin Mining Backtested Returns
AfriTin Mining secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. AfriTin Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AfriTin Mining's Risk Adjusted Performance of (0.12), standard deviation of 3.45, and Mean Deviation of 2.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AfriTin Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding AfriTin Mining is expected to be smaller as well. At this point, AfriTin Mining has a negative expected return of -0.57%. Please make sure to confirm AfriTin Mining's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if AfriTin Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
AfriTin Mining has modest reverse predictability. Overlapping area represents the amount of predictability between AfriTin Mining time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 AfriTin Mining price movement. The serial correlation of -0.41 indicates that just about 41.0% of current AfriTin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
AfriTin Mining lagged returns against current returns
Autocorrelation, which is AfriTin 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 AfriTin Mining's stock expected returns. We can calculate the autocorrelation of AfriTin Mining returns to help us make a trade decision. For example, suppose you find that AfriTin 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 |
AfriTin 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 AfriTin Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AfriTin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AfriTin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
AfriTin Mining Lagged Returns
When evaluating AfriTin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AfriTin Mining stock have on its future price. AfriTin 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, AfriTin Mining autocorrelation shows the relationship between AfriTin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in AfriTin Mining.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in AfriTin Stock
AfriTin Mining financial ratios help investors to determine whether AfriTin 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 AfriTin with respect to the benefits of owning AfriTin Mining security.