Atlas Salt Stock Market Value
| SALT Stock | 0.64 0.02 3.23% |
| Symbol | Atlas |
Atlas Salt Price To Book Ratio
Atlas Salt '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 Atlas Salt'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 Atlas Salt.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in Atlas Salt on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Salt or generate 0.0% return on investment in Atlas Salt over 30 days. Atlas Salt is related to or competes with GoldOn Resources. Atlas Salt is entity of Canada. It is traded as Stock on V exchange. More
Atlas Salt 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 Atlas Salt'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 Atlas Salt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.0049 | |||
| Maximum Drawdown | 30.81 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 7.69 |
Atlas Salt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Salt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Salt's standard deviation. In reality, there are many statistical measures that can use Atlas Salt historical prices to predict the future Atlas Salt's volatility.| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | 0.0599 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0066 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Salt'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.
Atlas Salt Backtested Returns
Atlas Salt 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. Atlas Salt exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Salt's Mean Deviation of 2.87, downside deviation of 3.28, and Risk Adjusted Performance of 0.0181 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0804, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Salt are expected to decrease at a much lower rate. During the bear market, Atlas Salt is likely to outperform the market. Atlas Salt has an expected return of -0.42%. Please make sure to confirm Atlas Salt jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Atlas Salt performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Atlas Salt has very weak reverse predictability. Overlapping area represents the amount of predictability between Atlas Salt time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 Atlas Salt price movement. The serial correlation of -0.02 indicates that only 2.0% of current Atlas Salt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlas Salt lagged returns against current returns
Autocorrelation, which is Atlas Salt 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 Atlas Salt's stock expected returns. We can calculate the autocorrelation of Atlas Salt returns to help us make a trade decision. For example, suppose you find that Atlas Salt 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 |
Atlas Salt 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 Atlas Salt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Salt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Salt stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Salt Lagged Returns
When evaluating Atlas Salt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Salt stock have on its future price. Atlas Salt 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, Atlas Salt autocorrelation shows the relationship between Atlas Salt stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Salt.
Regressed Prices |
| Timeline |
Pair Trading with Atlas Salt
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 Atlas Salt 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 Atlas Salt will appreciate offsetting losses from the drop in the long position's value.Moving against Atlas Stock
| 0.66 | ETHC | Ether Capital Corp | PairCorr |
| 0.5 | ARA | Aclara Resources | PairCorr |
| 0.46 | IE | Ivanhoe Energy | PairCorr |
| 0.44 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Atlas Salt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Salt 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 Atlas Salt - 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 Atlas Salt to buy it.
The correlation of Atlas Salt 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 Atlas Salt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Salt 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 Atlas Salt 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 Atlas Salt Correlation, Atlas Salt Volatility and Atlas Salt Alpha and Beta module to complement your research on Atlas Salt. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Atlas Stock analysis
When running Atlas Salt's price analysis, check to measure Atlas Salt'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 Atlas Salt is operating at the current time. Most of Atlas Salt's value examination focuses on studying past and present price action to predict the probability of Atlas Salt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Salt's price. Additionally, you may evaluate how the addition of Atlas Salt to your portfolios can decrease your overall portfolio volatility.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
Atlas Salt 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.