Atalaya Mining's market value is the price at which a share of Atalaya Mining trades on a public exchange. It measures the collective expectations of Atalaya Mining investors about its performance. Atalaya Mining is selling for under 359.50 as of the 18th of January 2025; that is 0.84 percent increase since the beginning of the trading day. The stock's lowest day price was 357.0. With this module, you can estimate the performance of a buy and hold strategy of Atalaya Mining and determine expected loss or profit from investing in Atalaya Mining over a given investment horizon. Check out Atalaya Mining Correlation, Atalaya Mining Volatility and Atalaya Mining Alpha and Beta module to complement your research on Atalaya Mining.
Please note, there is a significant difference between Atalaya Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atalaya Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atalaya Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Atalaya 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 Atalaya 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 Atalaya Mining.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Atalaya 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 Atalaya Mining upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atalaya Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atalaya Mining's standard deviation. In reality, there are many statistical measures that can use Atalaya Mining historical prices to predict the future Atalaya Mining's volatility.
Atalaya Mining secures Sharpe Ratio (or Efficiency) of -0.0121, which signifies that the company had a -0.0121% return per unit of standard deviation over the last 3 months. Atalaya Mining exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atalaya Mining's risk adjusted performance of 0.0111, and Mean Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Atalaya Mining are expected to decrease at a much lower rate. During the bear market, Atalaya Mining is likely to outperform the market. At this point, Atalaya Mining has a negative expected return of -0.0243%. Please make sure to confirm Atalaya Mining's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Atalaya Mining performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.71
Almost perfect reverse predictability
Atalaya Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Atalaya Mining time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Atalaya Mining price movement. The serial correlation of -0.71 indicates that around 71.0% of current Atalaya Mining price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.58
Residual Average
0.0
Price Variance
64.99
Atalaya Mining lagged returns against current returns
Autocorrelation, which is Atalaya 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 Atalaya Mining's stock expected returns. We can calculate the autocorrelation of Atalaya Mining returns to help us make a trade decision. For example, suppose you find that Atalaya 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
Atalaya 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 Atalaya Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atalaya Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atalaya Mining stock over time.
Current vs Lagged Prices
Timeline
Atalaya Mining Lagged Returns
When evaluating Atalaya Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atalaya Mining stock have on its future price. Atalaya 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, Atalaya Mining autocorrelation shows the relationship between Atalaya Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Atalaya Mining.
Regressed Prices
Timeline
Also Currently Popular
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.
When running Atalaya Mining's price analysis, check to measure Atalaya 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 Atalaya Mining is operating at the current time. Most of Atalaya Mining's value examination focuses on studying past and present price action to predict the probability of Atalaya 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 Atalaya Mining's price. Additionally, you may evaluate how the addition of Atalaya Mining to your portfolios can decrease your overall portfolio volatility.