Atlantic Sapphire Asa Stock Market Value
| AASZF Stock | USD 0.13 0.01 7.14% |
| Symbol | Atlantic |
Atlantic Sapphire '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 Atlantic Sapphire's otc 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 Atlantic Sapphire.
| 02/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Atlantic Sapphire on February 8, 2024 and sell it all today you would earn a total of 0.00 from holding Atlantic Sapphire ASA or generate 0.0% return on investment in Atlantic Sapphire over 90 days. Atlantic Sapphire is related to or competes with Astra Agro, Forafric Global, Forafric Global, GrainCorp, Australian Agricultural, and Limoneira. Atlantic Sapphire ASA, together with its subsidiaries, engages in the land-based salmon farming business More
Atlantic Sapphire 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 Atlantic Sapphire's otc 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 Atlantic Sapphire ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.27 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 62.7 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 23.6 |
Atlantic Sapphire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlantic Sapphire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlantic Sapphire's standard deviation. In reality, there are many statistical measures that can use Atlantic Sapphire historical prices to predict the future Atlantic Sapphire's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | 0.2142 | |||
| Total Risk Alpha | (1.18) | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.6066 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlantic Sapphire'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.
Atlantic Sapphire ASA Backtested Returns
Atlantic Sapphire appears to be out of control, given 3 months investment horizon. Atlantic Sapphire ASA secures Sharpe Ratio (or Efficiency) of 0.0195, which signifies that the company had a 0.0195% return per unit of risk over the last 3 months. We have found thirty technical indicators for Atlantic Sapphire ASA, which you can use to evaluate the volatility of the firm. Please makes use of Atlantic Sapphire's Mean Deviation of 8.07, risk adjusted performance of 0.0217, and Downside Deviation of 13.27 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atlantic Sapphire holds a performance score of 1. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atlantic Sapphire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlantic Sapphire is expected to be smaller as well. Please check Atlantic Sapphire's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether Atlantic Sapphire's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Atlantic Sapphire ASA has very weak reverse predictability. Overlapping area represents the amount of predictability between Atlantic Sapphire time series from 8th of February 2024 to 24th of March 2024 and 24th of March 2024 to 8th of May 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 Atlantic Sapphire ASA price movement. The serial correlation of -0.02 indicates that only 2.0% of current Atlantic Sapphire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlantic Sapphire ASA lagged returns against current returns
Autocorrelation, which is Atlantic Sapphire otc 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 Atlantic Sapphire's otc stock expected returns. We can calculate the autocorrelation of Atlantic Sapphire returns to help us make a trade decision. For example, suppose you find that Atlantic Sapphire has exhibited high autocorrelation historically, and you observe that the otc 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 |
Atlantic Sapphire 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 Atlantic Sapphire otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlantic Sapphire otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlantic Sapphire otc stock over time.
Current vs Lagged Prices |
| Timeline |
Atlantic Sapphire Lagged Returns
When evaluating Atlantic Sapphire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlantic Sapphire otc stock have on its future price. Atlantic Sapphire 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, Atlantic Sapphire autocorrelation shows the relationship between Atlantic Sapphire otc stock current value and its past values and can show if there is a momentum factor associated with investing in Atlantic Sapphire ASA.
Regressed Prices |
| Timeline |
Pair Trading with Atlantic Sapphire
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 Atlantic Sapphire 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 Atlantic Sapphire will appreciate offsetting losses from the drop in the long position's value.Moving against Atlantic OTC Stock
| 0.79 | EPD | Enterprise Products | PairCorr |
| 0.78 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.77 | ADM | Archer Daniels Midland | PairCorr |
| 0.76 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | FANG | Diamondback Energy | PairCorr |
The ability to find closely correlated positions to Atlantic Sapphire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantic Sapphire 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 Atlantic Sapphire - 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 Atlantic Sapphire ASA to buy it.
The correlation of Atlantic Sapphire 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 Atlantic Sapphire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlantic Sapphire ASA 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 Atlantic Sapphire 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 Atlantic Sapphire Correlation, Atlantic Sapphire Volatility and Atlantic Sapphire Alpha and Beta module to complement your research on Atlantic Sapphire. Note that the Atlantic Sapphire ASA information on this page should be used as a complementary analysis to other Atlantic Sapphire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Atlantic OTC Stock analysis
When running Atlantic Sapphire's price analysis, check to measure Atlantic Sapphire'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 Atlantic Sapphire is operating at the current time. Most of Atlantic Sapphire's value examination focuses on studying past and present price action to predict the probability of Atlantic Sapphire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlantic Sapphire's price. Additionally, you may evaluate how the addition of Atlantic Sapphire to your portfolios can decrease your overall portfolio volatility.
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Atlantic Sapphire technical otc 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, otc market cycles, or different charting patterns.