Azimut Exploration Stock Market Value
| AZMTF Stock | USD 0.45 0.03 6.25% |
| Symbol | Azimut |
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 otc 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.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Azimut Exploration on September 3, 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 150 days. Azimut Exploration is related to or competes with Adriatic Metals, and Aurelia 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 otc 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.51 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
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 | 0.0011 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azimut Exploration'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.
Azimut Exploration Backtested Returns
Azimut Exploration secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Azimut Exploration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azimut Exploration's Risk Adjusted Performance of 0.0011, standard deviation of 4.34, and Mean Deviation of 2.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.18, 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, Azimut Exploration will likely underperform. At this point, Azimut Exploration has a negative expected return of -0.0145%. Please make sure to confirm Azimut Exploration's total risk alpha, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Azimut Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Azimut Exploration has weak reverse predictability. Overlapping area represents the amount of predictability between Azimut Exploration time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st 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 Azimut Exploration price movement. The serial correlation of -0.23 indicates that over 23.0% of current Azimut Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azimut Exploration lagged returns against current returns
Autocorrelation, which is Azimut Exploration otc 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 otc 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 otc 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azimut Exploration otc 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 otc stock over time.
Current vs Lagged Prices |
| Timeline |
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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Azimut OTC Stock
Azimut Exploration financial ratios help investors to determine whether Azimut OTC Stock 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 Azimut with respect to the benefits of owning Azimut Exploration security.