Alphamin Resources (Germany) Market Value
| 21L Stock | EUR 0.80 0.00 0.00% |
| Symbol | Alphamin |
Alphamin Resources '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 Alphamin Resources' 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 Alphamin Resources.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Alphamin Resources on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Alphamin Resources Corp or generate 0.0% return on investment in Alphamin Resources over 30 days. Alphamin Resources is related to or competes with Lattice Semiconductor, BW OFFSHORE, ELMOS SEMICONDUCTOR, Align Technology, Tower Semiconductor, Universal Display, and TOREX SEMICONDUCTOR. Alphamin Resources Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in t... More
Alphamin Resources 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 Alphamin Resources' 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 Alphamin Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.5 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 24.63 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 9.68 |
Alphamin Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphamin Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphamin Resources' standard deviation. In reality, there are many statistical measures that can use Alphamin Resources historical prices to predict the future Alphamin Resources' volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.5766 | |||
| Total Risk Alpha | 0.0024 | |||
| Sortino Ratio | 0.0959 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphamin Resources' 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.
Alphamin Resources Corp Backtested Returns
Alphamin Resources appears to be abnormally volatile, given 3 months investment horizon. Alphamin Resources Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Alphamin Resources' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Alphamin Resources' Risk Adjusted Performance of 0.0798, downside deviation of 4.5, and Mean Deviation of 3.19 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alphamin Resources holds a performance score of 12. The firm shows a Beta (market volatility) of -1.08, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Alphamin Resources are expected to decrease slowly. On the other hand, during market turmoil, Alphamin Resources is expected to outperform it slightly. Please check Alphamin Resources' downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Alphamin Resources' price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Alphamin Resources Corp has below average predictability. Overlapping area represents the amount of predictability between Alphamin Resources time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Alphamin Resources Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Alphamin Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alphamin Resources Corp lagged returns against current returns
Autocorrelation, which is Alphamin Resources 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 Alphamin Resources' stock expected returns. We can calculate the autocorrelation of Alphamin Resources returns to help us make a trade decision. For example, suppose you find that Alphamin Resources 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 |
Alphamin Resources 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 Alphamin Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphamin Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphamin Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Alphamin Resources Lagged Returns
When evaluating Alphamin Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphamin Resources stock have on its future price. Alphamin Resources 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, Alphamin Resources autocorrelation shows the relationship between Alphamin Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Alphamin Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Alphamin Resources Correlation, Alphamin Resources Volatility and Alphamin Resources Alpha and Beta module to complement your research on Alphamin Resources. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Alphamin Stock analysis
When running Alphamin Resources' price analysis, check to measure Alphamin Resources' 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 Alphamin Resources is operating at the current time. Most of Alphamin Resources' value examination focuses on studying past and present price action to predict the probability of Alphamin Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphamin Resources' price. Additionally, you may evaluate how the addition of Alphamin Resources to your portfolios can decrease your overall portfolio volatility.
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Alphamin Resources 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.