Aztec Minerals Corp Stock Market Value
| AZT Stock | CAD 0.21 0.01 5.00% |
| Symbol | Aztec |
Aztec Minerals '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 Aztec Minerals' 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 Aztec Minerals.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Aztec Minerals on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Aztec Minerals Corp or generate 0.0% return on investment in Aztec Minerals over 660 days. Aztec Minerals is related to or competes with Kiplin Metals, Pure Energy, and Noram Lithium. Aztec Minerals Corp. engages in the exploration of mineral resources in Canada, Mexico, and the United States More
Aztec Minerals 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 Aztec Minerals' 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 Aztec Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.9 | |||
| Information Ratio | 0.1045 | |||
| Maximum Drawdown | 30.2 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.76 |
Aztec Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aztec Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aztec Minerals' standard deviation. In reality, there are many statistical measures that can use Aztec Minerals historical prices to predict the future Aztec Minerals' volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.5355 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | 0.3631 |
Aztec Minerals Corp Backtested Returns
Aztec Minerals appears to be out of control, given 3 months investment horizon. Aztec Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.0972, which signifies that the company had a 0.0972% return per unit of risk over the last 3 months. By analyzing Aztec Minerals' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Aztec Minerals' Mean Deviation of 5.01, downside deviation of 8.9, and Risk Adjusted Performance of 0.1045 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aztec Minerals holds a performance score of 7. The firm shows a Beta (market volatility) of 2.27, 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, Aztec Minerals will likely underperform. Please check Aztec Minerals' maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether Aztec Minerals' price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Aztec Minerals Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Aztec Minerals time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Aztec Minerals Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Aztec Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aztec Minerals Corp lagged returns against current returns
Autocorrelation, which is Aztec Minerals 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 Aztec Minerals' stock expected returns. We can calculate the autocorrelation of Aztec Minerals returns to help us make a trade decision. For example, suppose you find that Aztec Minerals 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 |
Aztec Minerals 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 Aztec Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aztec Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aztec Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Aztec Minerals Lagged Returns
When evaluating Aztec Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aztec Minerals stock have on its future price. Aztec Minerals 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, Aztec Minerals autocorrelation shows the relationship between Aztec Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Aztec Minerals Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Aztec Stock Analysis
When running Aztec Minerals' price analysis, check to measure Aztec Minerals' 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 Aztec Minerals is operating at the current time. Most of Aztec Minerals' value examination focuses on studying past and present price action to predict the probability of Aztec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aztec Minerals' price. Additionally, you may evaluate how the addition of Aztec Minerals to your portfolios can decrease your overall portfolio volatility.