Atico Mining Stock Market Value
| ATY Stock | CAD 0.14 0.01 7.69% |
| Symbol | Atico |
Atico Mining Price To Book Ratio
Atico 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 Atico 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 Atico Mining.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Atico Mining on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Atico Mining or generate 0.0% return on investment in Atico Mining over 210 days. Atico Mining is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin A... More
Atico 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 Atico 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 Atico Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Atico Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atico Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atico Mining's standard deviation. In reality, there are many statistical measures that can use Atico Mining historical prices to predict the future Atico Mining's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.15) |
Atico Mining Backtested Returns
Atico Mining secures Sharpe Ratio (or Efficiency) of -0.0662, which signifies that the company had a -0.0662% return per unit of risk over the last 3 months. Atico Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atico Mining's Mean Deviation of 2.93, risk adjusted performance of (0.03), and Standard Deviation of 4.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.36, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Atico Mining will likely underperform. At this point, Atico Mining has a negative expected return of -0.29%. Please make sure to confirm Atico Mining's treynor ratio and the relationship between the skewness and price action indicator , to decide if Atico Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Atico Mining has average predictability. Overlapping area represents the amount of predictability between Atico Mining time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Atico Mining price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Atico Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atico Mining lagged returns against current returns
Autocorrelation, which is Atico 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 Atico Mining's stock expected returns. We can calculate the autocorrelation of Atico Mining returns to help us make a trade decision. For example, suppose you find that Atico 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 |
Atico 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 Atico Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atico Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atico Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Atico Mining Lagged Returns
When evaluating Atico Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atico Mining stock have on its future price. Atico 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, Atico Mining autocorrelation shows the relationship between Atico Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Atico Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Atico Stock Analysis
When running Atico Mining's price analysis, check to measure Atico 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 Atico Mining is operating at the current time. Most of Atico Mining's value examination focuses on studying past and present price action to predict the probability of Atico 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 Atico Mining's price. Additionally, you may evaluate how the addition of Atico Mining to your portfolios can decrease your overall portfolio volatility.