Almadex Minerals Stock Market Value
| AAMMF Stock | USD 0.18 0.02 12.50% |
| Symbol | Almadex |
Almadex Minerals '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 Almadex Minerals' 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 Almadex Minerals.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Almadex Minerals on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Almadex Minerals or generate 0.0% return on investment in Almadex Minerals over 30 days. Almadex Minerals is related to or competes with Endurance Gold, Fortitude Gold, and Harmony Gold. Almadex Minerals Ltd. engages in the acquisition and exploration of mineral resource properties More
Almadex Minerals 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 Almadex Minerals' 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 Almadex Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.28 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 48.42 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 13.33 |
Almadex Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almadex Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almadex Minerals' standard deviation. In reality, there are many statistical measures that can use Almadex Minerals historical prices to predict the future Almadex Minerals' volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.7054 | |||
| Total Risk Alpha | 0.0409 | |||
| Sortino Ratio | 0.0488 | |||
| Treynor Ratio | (2.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Almadex Minerals' 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.
Almadex Minerals Backtested Returns
Almadex Minerals appears to be out of control, given 3 months investment horizon. Almadex Minerals secures Sharpe Ratio (or Efficiency) of 0.0413, which signifies that the company had a 0.0413% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Almadex Minerals, which you can use to evaluate the volatility of the firm. Please makes use of Almadex Minerals' Risk Adjusted Performance of 0.058, downside deviation of 13.28, and Mean Deviation of 6.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Almadex Minerals holds a performance score of 3. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Almadex Minerals are expected to decrease at a much lower rate. During the bear market, Almadex Minerals is likely to outperform the market. Please check Almadex Minerals' total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether Almadex Minerals' price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Almadex Minerals has good predictability. Overlapping area represents the amount of predictability between Almadex Minerals time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Almadex Minerals price movement. The serial correlation of 0.74 indicates that around 74.0% of current Almadex Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Almadex Minerals lagged returns against current returns
Autocorrelation, which is Almadex Minerals 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 Almadex Minerals' pink sheet expected returns. We can calculate the autocorrelation of Almadex Minerals returns to help us make a trade decision. For example, suppose you find that Almadex Minerals 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 |
Almadex Minerals 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 Almadex Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almadex Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almadex Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Almadex Minerals Lagged Returns
When evaluating Almadex Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almadex Minerals pink sheet have on its future price. Almadex Minerals 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, Almadex Minerals autocorrelation shows the relationship between Almadex Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Almadex Minerals.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Almadex Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Almadex Minerals' short interest history, or implied volatility extrapolated from Almadex Minerals options trading.
Pair Trading with Almadex Minerals
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 Almadex Minerals 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 Almadex Minerals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Almadex Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almadex Minerals 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 Almadex Minerals - 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 Almadex Minerals to buy it.
The correlation of Almadex Minerals 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 Almadex Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almadex Minerals 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 Almadex Minerals 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 Almadex Minerals Correlation, Almadex Minerals Volatility and Almadex Minerals Alpha and Beta module to complement your research on Almadex Minerals. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Almadex Pink Sheet analysis
When running Almadex Minerals' price analysis, check to measure Almadex Minerals' 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 Almadex Minerals is operating at the current time. Most of Almadex Minerals' value examination focuses on studying past and present price action to predict the probability of Almadex Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Almadex Minerals' price. Additionally, you may evaluate how the addition of Almadex Minerals to your portfolios can decrease your overall portfolio volatility.
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Almadex Minerals technical pink sheet 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, pink sheet market cycles, or different charting patterns.