ALLIANCE MINING (Germany) Market Value
| X9E1 Stock | EUR 0.08 0.00 0.00% |
| Symbol | ALLIANCE |
ALLIANCE 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 ALLIANCE MINING'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 ALLIANCE MINING.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in ALLIANCE MINING on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding ALLIANCE MINING P or generate 0.0% return on investment in ALLIANCE MINING over 30 days. ALLIANCE MINING is related to or competes with ADRIATIC METALS, Computer, Align Technology, BACKBONE Technology, AHT Syngas, ADURO CLEAN, and Sunny Optical. Alliance Mining Corp., an exploration company, engages in the acquisition, exploration, and development of mineral prope... More
ALLIANCE 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 ALLIANCE MINING'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 ALLIANCE MINING P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.01 | |||
| Information Ratio | 0.1384 | |||
| Maximum Drawdown | 91.01 | |||
| Value At Risk | (11.96) | |||
| Potential Upside | 31.82 |
ALLIANCE MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALLIANCE MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALLIANCE MINING's standard deviation. In reality, there are many statistical measures that can use ALLIANCE MINING historical prices to predict the future ALLIANCE MINING's volatility.| Risk Adjusted Performance | 0.1011 | |||
| Jensen Alpha | 1.82 | |||
| Total Risk Alpha | 0.1032 | |||
| Sortino Ratio | 0.1294 | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ALLIANCE MINING'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.
ALLIANCE MINING P Backtested Returns
ALLIANCE MINING is out of control given 3 months investment horizon. ALLIANCE MINING P secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of return volatility over the last 3 months. We were able to analyze and collect data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.65% are justified by taking the suggested risk. Use ALLIANCE MINING Risk Adjusted Performance of 0.1011, semi deviation of 6.74, and Mean Deviation of 5.49 to evaluate company specific risk that cannot be diversified away. ALLIANCE MINING holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.16, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ALLIANCE MINING are expected to decrease by larger amounts. On the other hand, during market turmoil, ALLIANCE MINING is expected to outperform it. Use ALLIANCE MINING total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on ALLIANCE MINING.
Auto-correlation | -0.11 |
Insignificant reverse predictability
ALLIANCE MINING P has insignificant reverse predictability. Overlapping area represents the amount of predictability between ALLIANCE MINING time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 ALLIANCE MINING P price movement. The serial correlation of -0.11 indicates that less than 11.0% of current ALLIANCE MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALLIANCE MINING P lagged returns against current returns
Autocorrelation, which is ALLIANCE MINING 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 ALLIANCE MINING's stock expected returns. We can calculate the autocorrelation of ALLIANCE MINING returns to help us make a trade decision. For example, suppose you find that ALLIANCE MINING 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 |
ALLIANCE 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 ALLIANCE MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALLIANCE MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALLIANCE MINING stock over time.
Current vs Lagged Prices |
| Timeline |
ALLIANCE MINING Lagged Returns
When evaluating ALLIANCE MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALLIANCE MINING stock have on its future price. ALLIANCE 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, ALLIANCE MINING autocorrelation shows the relationship between ALLIANCE MINING stock current value and its past values and can show if there is a momentum factor associated with investing in ALLIANCE MINING P.
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 ALLIANCE MINING 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, ALLIANCE MINING's short interest history, or implied volatility extrapolated from ALLIANCE MINING options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out ALLIANCE MINING Correlation, ALLIANCE MINING Volatility and ALLIANCE MINING Alpha and Beta module to complement your research on ALLIANCE MINING. Note that the ALLIANCE MINING P information on this page should be used as a complementary analysis to other ALLIANCE MINING'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for ALLIANCE Stock analysis
When running ALLIANCE MINING's price analysis, check to measure ALLIANCE MINING'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 ALLIANCE MINING is operating at the current time. Most of ALLIANCE MINING's value examination focuses on studying past and present price action to predict the probability of ALLIANCE MINING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALLIANCE MINING's price. Additionally, you may evaluate how the addition of ALLIANCE MINING to your portfolios can decrease your overall portfolio volatility.
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ALLIANCE MINING 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.