Aloro Mining Corp Stock Market Value
| WLRMF Stock | USD 0 0.0001 2.38% |
| Symbol | Aloro |
Aloro Mining '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 Aloro Mining'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 Aloro Mining.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Aloro Mining on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aloro Mining Corp or generate 0.0% return on investment in Aloro Mining over 30 days. Aloro Mining is related to or competes with Asante Gold, Bluestone Resources, Sabre Gold, Cassiar Gold, and Robex Resources. Aloro Mining Corp., a gold exploration company, engages in the acquisition, exploration, and development of mineral reso... More
Aloro Mining 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 Aloro Mining'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 Aloro Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.38 |
Aloro Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aloro Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aloro Mining's standard deviation. In reality, there are many statistical measures that can use Aloro Mining historical prices to predict the future Aloro Mining's volatility.| Risk Adjusted Performance | 0.0743 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.93) |
Aloro Mining Corp Backtested Returns
At this point, Aloro Mining is out of control. Aloro Mining Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Aloro Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Aloro Mining's Mean Deviation of 0.0711, standard deviation of 0.2931, and Risk Adjusted Performance of 0.0743 to double-check if the risk estimate we provide is consistent with the expected return of 0.0372%. Aloro Mining has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0281, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aloro Mining are expected to decrease at a much lower rate. During the bear market, Aloro Mining is likely to outperform the market. Aloro Mining Corp right now shows a risk of 0.3%. Please confirm Aloro Mining Corp total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Aloro Mining Corp will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Aloro Mining Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Aloro Mining time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Aloro Mining Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Aloro Mining 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 |
Aloro Mining Corp lagged returns against current returns
Autocorrelation, which is Aloro Mining 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 Aloro Mining's pink sheet expected returns. We can calculate the autocorrelation of Aloro Mining returns to help us make a trade decision. For example, suppose you find that Aloro Mining 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 |
| Timeline |
Aloro Mining 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 Aloro Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aloro Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aloro Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aloro Mining Lagged Returns
When evaluating Aloro Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aloro Mining pink sheet have on its future price. Aloro Mining 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, Aloro Mining autocorrelation shows the relationship between Aloro Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aloro Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aloro Pink Sheet
Aloro Mining financial ratios help investors to determine whether Aloro 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 Aloro with respect to the benefits of owning Aloro Mining security.