Americas Gold (Germany) Market Value
| SZ71 Stock | EUR 0.35 0.01 2.94% |
| Symbol | Americas |
Americas Gold '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 Americas Gold'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 Americas Gold.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Americas Gold on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Americas Gold and or generate 0.0% return on investment in Americas Gold over 30 days. Americas Gold is related to or competes with Pan American, First Majestic, MAG Silver, Silvercorp Metals, Endeavour Silver, Dolly Varden, and Americas Gold. Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral p... More
Americas Gold 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 Americas Gold'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 Americas Gold and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.78 | |||
| Information Ratio | 0.1029 | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 13.04 |
Americas Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americas Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americas Gold's standard deviation. In reality, there are many statistical measures that can use Americas Gold historical prices to predict the future Americas Gold's volatility.| Risk Adjusted Performance | 0.0941 | |||
| Jensen Alpha | 0.7026 | |||
| Total Risk Alpha | 0.5378 | |||
| Sortino Ratio | 0.1045 | |||
| Treynor Ratio | 0.579 |
Americas Gold Backtested Returns
Americas Gold appears to be out of control, given 3 months investment horizon. Americas Gold 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. By analyzing Americas Gold's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of Americas Gold's mean deviation of 5.47, and Risk Adjusted Performance of 0.0941 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Americas Gold holds a performance score of 9. The firm shows a Beta (market volatility) of 1.26, 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, Americas Gold will likely underperform. Please check Americas Gold's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Americas Gold's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Americas Gold and has very good reverse predictability. Overlapping area represents the amount of predictability between Americas Gold time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Americas Gold price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Americas Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Americas Gold lagged returns against current returns
Autocorrelation, which is Americas Gold 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 Americas Gold's stock expected returns. We can calculate the autocorrelation of Americas Gold returns to help us make a trade decision. For example, suppose you find that Americas Gold 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 |
Americas Gold 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 Americas Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americas Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americas Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Americas Gold Lagged Returns
When evaluating Americas Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americas Gold stock have on its future price. Americas Gold 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, Americas Gold autocorrelation shows the relationship between Americas Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Americas Gold and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Americas Stock
Americas Gold financial ratios help investors to determine whether Americas 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 Americas with respect to the benefits of owning Americas Gold security.