Americas Silver Corp Stock Market Value
| USA Stock | CAD 0.53 0.02 3.64% |
| Symbol | Americas |
Americas Silver Corp Price To Book Ratio
Americas Silver '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 Silver'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 Silver.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Americas Silver on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Americas Silver Corp or generate 0.0% return on investment in Americas Silver over 30 days. Americas Silver is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral p... More
Americas Silver 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 Silver'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 Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.39 | |||
| Information Ratio | 0.102 | |||
| Maximum Drawdown | 30.49 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 10.91 |
Americas Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americas Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americas Silver's standard deviation. In reality, there are many statistical measures that can use Americas Silver historical prices to predict the future Americas Silver's volatility.| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 0.674 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1043 | |||
| Treynor Ratio | 9.27 |
Americas Silver Corp Backtested Returns
Americas Silver appears to be out of control, given 3 months investment horizon. Americas Silver Corp secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. By analyzing Americas Silver's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please makes use of Americas Silver's mean deviation of 4.22, and Risk Adjusted Performance of 0.105 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Americas Silver holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0737, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Americas Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Americas Silver is expected to be smaller as well. Please check Americas Silver's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Americas Silver's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Americas Silver Corp has very weak predictability. Overlapping area represents the amount of predictability between Americas Silver time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Americas Silver Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Americas Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Americas Silver Corp lagged returns against current returns
Autocorrelation, which is Americas Silver 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 Silver's stock expected returns. We can calculate the autocorrelation of Americas Silver returns to help us make a trade decision. For example, suppose you find that Americas Silver 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 Silver 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 Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americas Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americas Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Americas Silver Lagged Returns
When evaluating Americas Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americas Silver stock have on its future price. Americas Silver 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 Silver autocorrelation shows the relationship between Americas Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Americas Silver Corp.
Regressed Prices |
| Timeline |
Pair Trading with Americas Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Americas Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Americas Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Americas Stock
| 0.91 | AG | First Majestic Silver | PairCorr |
| 0.94 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | FDY | Faraday Copper Corp | PairCorr |
Moving against Americas Stock
The ability to find closely correlated positions to Americas Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Americas Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Americas Silver Corp to buy it.
The correlation of Americas Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Americas Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Americas Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Americas Silver Correlation, Americas Silver Volatility and Americas Silver Alpha and Beta module to complement your research on Americas Silver. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Americas Silver technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.