Abacus Mining And Stock Market Value
| AME Stock | CAD 0.04 0.01 12.50% |
| Symbol | Abacus |
Abacus Mining Price To Book Ratio
Abacus 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 Abacus 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 Abacus Mining.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Abacus Mining on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Abacus Mining and or generate 0.0% return on investment in Abacus Mining over 90 days. Abacus Mining is related to or competes with Alliance Mining. Abacus Mining Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and develo... More
Abacus 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 Abacus 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 Abacus Mining and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0834 | |||
| Maximum Drawdown | 83.33 | |||
| Potential Upside | 25.0 |
Abacus Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abacus Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abacus Mining's standard deviation. In reality, there are many statistical measures that can use Abacus Mining historical prices to predict the future Abacus Mining's volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abacus 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.
Abacus Mining Backtested Returns
Abacus Mining appears to be out of control, given 3 months investment horizon. Abacus Mining secures Sharpe Ratio (or Efficiency) of 0.0766, which signifies that the company had a 0.0766% return per unit of standard deviation over the last 3 months. By analyzing Abacus Mining's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of Abacus Mining's risk adjusted performance of 0.0654, and Mean Deviation of 4.67 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Abacus Mining holds a performance score of 5. The firm shows a Beta (market volatility) of -2.28, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Abacus Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Abacus Mining is expected to outperform it. Please check Abacus Mining's standard deviation and the relationship between the total risk alpha and day typical price , to make a quick decision on whether Abacus Mining's price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Abacus Mining and has insignificant reverse predictability. Overlapping area represents the amount of predictability between Abacus Mining time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Abacus Mining price movement. The serial correlation of -0.2 indicates that over 20.0% of current Abacus Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Abacus Mining lagged returns against current returns
Autocorrelation, which is Abacus 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 Abacus Mining's stock expected returns. We can calculate the autocorrelation of Abacus Mining returns to help us make a trade decision. For example, suppose you find that Abacus 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 |
Abacus 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 Abacus Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abacus Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abacus Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Abacus Mining Lagged Returns
When evaluating Abacus Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abacus Mining stock have on its future price. Abacus 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, Abacus Mining autocorrelation shows the relationship between Abacus Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Abacus Mining and.
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 Abacus 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, Abacus Mining's short interest history, or implied volatility extrapolated from Abacus Mining options trading.
Pair Trading with Abacus Mining
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 Abacus Mining 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 Abacus Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Abacus Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abacus Mining 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 Abacus Mining - 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 Abacus Mining and to buy it.
The correlation of Abacus Mining 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 Abacus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus Mining 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 Abacus Mining 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 Abacus Mining Correlation, Abacus Mining Volatility and Abacus Mining Alpha and Beta module to complement your research on Abacus Mining. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Abacus Stock analysis
When running Abacus Mining's price analysis, check to measure Abacus 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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus 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 Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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Abacus 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.