Atlas Salt Stock Market Value
| SALT Stock | 0.61 0.01 1.61% |
| Symbol | Atlas |
Atlas Salt Price To Book Ratio
Atlas Salt '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 Atlas Salt'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 Atlas Salt.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Atlas Salt on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Salt or generate 0.0% return on investment in Atlas Salt over 30 days. Atlas Salt is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Atlas Salt is entity of Canada. It is traded as Stock on V exchange. More
Atlas Salt 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 Atlas Salt'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 Atlas Salt upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 2.99 |
Atlas Salt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Salt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Salt's standard deviation. In reality, there are many statistical measures that can use Atlas Salt historical prices to predict the future Atlas Salt's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Salt'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.
Atlas Salt Backtested Returns
Atlas Salt secures Sharpe Ratio (or Efficiency) of -0.0549, which signifies that the company had a -0.0549% return per unit of risk over the last 3 months. Atlas Salt exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Salt's Risk Adjusted Performance of (0.08), mean deviation of 1.6, and Standard Deviation of 2.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atlas Salt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlas Salt is expected to be smaller as well. At this point, Atlas Salt has a negative expected return of -0.11%. Please make sure to confirm Atlas Salt's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Atlas Salt performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Atlas Salt has good reverse predictability. Overlapping area represents the amount of predictability between Atlas Salt time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Atlas Salt price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Atlas Salt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlas Salt lagged returns against current returns
Autocorrelation, which is Atlas Salt 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 Atlas Salt's stock expected returns. We can calculate the autocorrelation of Atlas Salt returns to help us make a trade decision. For example, suppose you find that Atlas Salt 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 |
Atlas Salt 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 Atlas Salt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Salt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Salt stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Salt Lagged Returns
When evaluating Atlas Salt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Salt stock have on its future price. Atlas Salt 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, Atlas Salt autocorrelation shows the relationship between Atlas Salt stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Salt.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Atlas Stock Analysis
When running Atlas Salt's price analysis, check to measure Atlas Salt'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 Atlas Salt is operating at the current time. Most of Atlas Salt's value examination focuses on studying past and present price action to predict the probability of Atlas Salt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Salt's price. Additionally, you may evaluate how the addition of Atlas Salt to your portfolios can decrease your overall portfolio volatility.