Azimut Exploration Stock Market Value
| AZM Stock | CAD 0.62 0.02 3.13% |
| Symbol | Azimut |
Azimut Exploration Price To Book Ratio
Azimut Exploration '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 Azimut Exploration'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 Azimut Exploration.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Azimut Exploration on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Azimut Exploration or generate 0.0% return on investment in Azimut Exploration over 30 days. Azimut Exploration is related to or competes with Midland Exploration, and Strategic Metals. Azimut Exploration Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada More
Azimut Exploration 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 Azimut Exploration'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 Azimut Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.1121 | |||
| Maximum Drawdown | 23.18 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 6.56 |
Azimut Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azimut Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azimut Exploration's standard deviation. In reality, there are many statistical measures that can use Azimut Exploration historical prices to predict the future Azimut Exploration's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.5552 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1055 | |||
| Treynor Ratio | (7.83) |
Azimut Exploration Backtested Returns
Azimut Exploration appears to be abnormally volatile, given 3 months investment horizon. Azimut Exploration secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Azimut Exploration, which you can use to evaluate the volatility of the firm. Please makes use of Azimut Exploration's Mean Deviation of 2.78, risk adjusted performance of 0.1204, and Downside Deviation of 4.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azimut Exploration holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0698, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Azimut Exploration are expected to decrease at a much lower rate. During the bear market, Azimut Exploration is likely to outperform the market. Please check Azimut Exploration's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Azimut Exploration's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Azimut Exploration has very weak predictability. Overlapping area represents the amount of predictability between Azimut Exploration time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Azimut Exploration price movement. The serial correlation of 0.16 indicates that over 16.0% of current Azimut Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azimut Exploration lagged returns against current returns
Autocorrelation, which is Azimut Exploration 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 Azimut Exploration's stock expected returns. We can calculate the autocorrelation of Azimut Exploration returns to help us make a trade decision. For example, suppose you find that Azimut Exploration 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 |
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Azimut Exploration 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 Azimut Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azimut Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azimut Exploration stock over time.
Current vs Lagged Prices |
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Azimut Exploration Lagged Returns
When evaluating Azimut Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azimut Exploration stock have on its future price. Azimut Exploration 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, Azimut Exploration autocorrelation shows the relationship between Azimut Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Azimut Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Azimut Stock Analysis
When running Azimut Exploration's price analysis, check to measure Azimut Exploration'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 Azimut Exploration is operating at the current time. Most of Azimut Exploration's value examination focuses on studying past and present price action to predict the probability of Azimut Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azimut Exploration's price. Additionally, you may evaluate how the addition of Azimut Exploration to your portfolios can decrease your overall portfolio volatility.