Auryn Mining Corp Stock Market Value
| AUMC Stock | USD 0.44 0.06 12.00% |
| Symbol | Auryn |
Auryn 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 Auryn Mining's pink sheet 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 Auryn Mining.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Auryn Mining on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Auryn Mining Corp or generate 0.0% return on investment in Auryn Mining over 30 days. Auryn Mining is related to or competes with American Creek. AURYN Mining Corporation operates as a mining and exploration company More
Auryn 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 Auryn Mining's pink sheet 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 Auryn Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.12 | |||
| Information Ratio | 0.0708 | |||
| Maximum Drawdown | 76.25 | |||
| Value At Risk | (10.64) | |||
| Potential Upside | 10.0 |
Auryn Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auryn Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auryn Mining's standard deviation. In reality, there are many statistical measures that can use Auryn Mining historical prices to predict the future Auryn Mining's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.3542 | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | 0.2415 |
Auryn Mining Corp Backtested Returns
Auryn Mining appears to be out of control, given 3 months investment horizon. Auryn Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0932, which signifies that the company had a 0.0932% return per unit of risk over the last 3 months. By analyzing Auryn Mining's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Auryn Mining's Downside Deviation of 8.12, mean deviation of 4.37, and Risk Adjusted Performance of 0.0752 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Auryn Mining holds a performance score of 7. The firm shows a Beta (market volatility) of 3.11, 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, Auryn Mining will likely underperform. Please check Auryn Mining's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Auryn Mining's price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Auryn Mining Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Auryn Mining time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Auryn Mining Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current Auryn Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Auryn Mining Corp lagged returns against current returns
Autocorrelation, which is Auryn Mining pink sheet'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 Auryn Mining's pink sheet expected returns. We can calculate the autocorrelation of Auryn Mining returns to help us make a trade decision. For example, suppose you find that Auryn Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Auryn 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 Auryn Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auryn Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auryn Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Auryn Mining Lagged Returns
When evaluating Auryn Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auryn Mining pink sheet have on its future price. Auryn 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, Auryn Mining autocorrelation shows the relationship between Auryn Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Auryn Mining Corp.
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 Auryn Pink Sheet
Auryn Mining financial ratios help investors to determine whether Auryn Pink Sheet 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 Auryn with respect to the benefits of owning Auryn Mining security.