Azarga Metals Corp Stock Market Value
| EUUNF Stock | USD 0.01 0.00 0.00% |
| Symbol | Azarga |
Azarga Metals '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 Azarga Metals' 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 Azarga Metals.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Azarga Metals on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Azarga Metals Corp or generate 0.0% return on investment in Azarga Metals over 540 days. Azarga Metals is related to or competes with Pampa Metals, Progressive Planet, Fury Gold, Trilogy Metals, Vizsla Resources, Western Copper, and EMX Royalty. Azarga Metals Corp. engages in the exploration and development of mineral properties in Russia More
Azarga Metals 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 Azarga Metals' 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 Azarga Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 28.59 | |||
| Value At Risk | (5.31) |
Azarga Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azarga Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azarga Metals' standard deviation. In reality, there are many statistical measures that can use Azarga Metals historical prices to predict the future Azarga Metals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 0.5349 |
Azarga Metals Corp Backtested Returns
Azarga Metals Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Azarga Metals Corp exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azarga Metals' risk adjusted performance of (0.09), and Mean Deviation of 1.13 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Azarga Metals are expected to decrease at a much lower rate. During the bear market, Azarga Metals is likely to outperform the market. At this point, Azarga Metals Corp has a negative expected return of -0.39%. Please make sure to confirm Azarga Metals' standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Azarga Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Azarga Metals Corp has virtually no predictability. Overlapping area represents the amount of predictability between Azarga Metals time series from 10th of June 2023 to 6th of March 2024 and 6th of March 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 Azarga Metals Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Azarga Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azarga Metals Corp lagged returns against current returns
Autocorrelation, which is Azarga Metals 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 Azarga Metals' pink sheet expected returns. We can calculate the autocorrelation of Azarga Metals returns to help us make a trade decision. For example, suppose you find that Azarga Metals 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 |
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Azarga Metals 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 Azarga Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azarga Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azarga Metals pink sheet over time.
Current vs Lagged Prices |
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Azarga Metals Lagged Returns
When evaluating Azarga Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azarga Metals pink sheet have on its future price. Azarga Metals 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, Azarga Metals autocorrelation shows the relationship between Azarga Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Azarga Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Azarga Pink Sheet
Azarga Metals financial ratios help investors to determine whether Azarga 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 Azarga with respect to the benefits of owning Azarga Metals security.