American Cumo Mining Stock Market Value
| MLYCF Stock | USD 0.01 0.00 0.00% |
| Symbol | American |
American CuMo '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 American CuMo'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 American CuMo.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in American CuMo on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding American CuMo Mining or generate 0.0% return on investment in American CuMo over 30 days. American CuMo is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Multi-Metal Development Ltd., a mineral exploration and development company, engages in identifying, acquiring, and deve... More
American CuMo 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 American CuMo'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 American CuMo Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 116.67 |
American CuMo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American CuMo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American CuMo's standard deviation. In reality, there are many statistical measures that can use American CuMo historical prices to predict the future American CuMo's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (1.89) | |||
| Treynor Ratio | 0.1903 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American CuMo'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.
American CuMo Mining Backtested Returns
American CuMo Mining secures Sharpe Ratio (or Efficiency) of -0.025, which signifies that the company had a -0.025% return per unit of standard deviation over the last 3 months. American CuMo Mining exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American CuMo's mean deviation of 2.01, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.38, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning American CuMo are expected to decrease by larger amounts. On the other hand, during market turmoil, American CuMo is expected to outperform it. At this point, American CuMo Mining has a negative expected return of -0.26%. Please make sure to confirm American CuMo's coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to decide if American CuMo Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
American CuMo Mining has no correlation between past and present. Overlapping area represents the amount of predictability between American CuMo time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 American CuMo Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current American CuMo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American CuMo Mining lagged returns against current returns
Autocorrelation, which is American CuMo 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 American CuMo's pink sheet expected returns. We can calculate the autocorrelation of American CuMo returns to help us make a trade decision. For example, suppose you find that American CuMo 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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American CuMo 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 American CuMo pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American CuMo pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American CuMo pink sheet over time.
Current vs Lagged Prices |
| Timeline |
American CuMo Lagged Returns
When evaluating American CuMo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American CuMo pink sheet have on its future price. American CuMo 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, American CuMo autocorrelation shows the relationship between American CuMo pink sheet current value and its past values and can show if there is a momentum factor associated with investing in American CuMo Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in American Pink Sheet
American CuMo financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American CuMo security.