Aya Gold Silver Stock Market Value
| AYASF Stock | USD 9.38 0.22 2.29% |
| Symbol | Aya |
Aya Gold '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 Aya Gold'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 Aya Gold.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aya Gold on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aya Gold Silver or generate 0.0% return on investment in Aya Gold over 300 days. Aya Gold is related to or competes with Apollo Silver, Arizona Silver, Guanajuato Silver, Bald Eagle, Andean Precious, Dolly Varden, and MAG Silver. Aya Gold Silver Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and developme... More
Aya Gold 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 Aya Gold'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 Aya Gold Silver upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 32.32 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 5.86 |
Aya Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aya Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aya Gold's standard deviation. In reality, there are many statistical measures that can use Aya Gold historical prices to predict the future Aya Gold's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aya Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aya Gold Silver Backtested Returns
Aya Gold Silver secures Sharpe Ratio (or Efficiency) of -0.0306, which signifies that the company had a -0.0306% return per unit of standard deviation over the last 3 months. Aya Gold Silver exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aya Gold's mean deviation of 3.17, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aya Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aya Gold is expected to be smaller as well. At this point, Aya Gold Silver has a negative expected return of -0.14%. Please make sure to confirm Aya Gold's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Aya Gold Silver performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Aya Gold Silver has modest predictability. Overlapping area represents the amount of predictability between Aya Gold time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Aya Gold Silver price movement. The serial correlation of 0.55 indicates that about 55.0% of current Aya Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Aya Gold Silver lagged returns against current returns
Autocorrelation, which is Aya Gold 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 Aya Gold's pink sheet expected returns. We can calculate the autocorrelation of Aya Gold returns to help us make a trade decision. For example, suppose you find that Aya Gold 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 |
Aya Gold 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 Aya Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aya Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aya Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aya Gold Lagged Returns
When evaluating Aya Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aya Gold pink sheet have on its future price. Aya Gold 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, Aya Gold autocorrelation shows the relationship between Aya Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aya Gold Silver.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aya Pink Sheet
Aya Gold financial ratios help investors to determine whether Aya 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 Aya with respect to the benefits of owning Aya Gold security.