American Creek Resources Stock Market Value
| AMK Stock | CAD 0.14 0.01 6.67% |
| Symbol | American |
American Creek '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 American Creek'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 American Creek.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in American Creek on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding American Creek Resources or generate 0.0% return on investment in American Creek over 60 days. American Creek is related to or competes with Teuton Resources, Endurance Gold, and Grande Portage. American Creek Resources Ltd. engages in the acquisition, exploration, and development of mineral properties located in ... More
American Creek 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 American Creek'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 American Creek Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.65 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 39.77 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.14 |
American Creek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Creek's standard deviation. In reality, there are many statistical measures that can use American Creek historical prices to predict the future American Creek's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.2889 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0217 | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Creek'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.
American Creek Resources Backtested Returns
American Creek appears to be out of control, given 3 months investment horizon. American Creek Resources secures Sharpe Ratio (or Efficiency) of 0.0469, which signifies that the company had a 0.0469% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for American Creek Resources, which you can use to evaluate the volatility of the firm. Please makes use of American Creek's mean deviation of 2.92, and Risk Adjusted Performance of 0.0382 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, American Creek 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 American Creek are expected to decrease at a much lower rate. During the bear market, American Creek is likely to outperform the market. Please check American Creek's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether American Creek's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
American Creek Resources has weak reverse predictability. Overlapping area represents the amount of predictability between American Creek time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th 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 American Creek Resources price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current American Creek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Creek Resources lagged returns against current returns
Autocorrelation, which is American Creek 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 American Creek's stock expected returns. We can calculate the autocorrelation of American Creek returns to help us make a trade decision. For example, suppose you find that American Creek 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 |
American Creek 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 American Creek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Creek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Creek stock over time.
Current vs Lagged Prices |
| Timeline |
American Creek Lagged Returns
When evaluating American Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Creek stock have on its future price. American Creek 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, American Creek autocorrelation shows the relationship between American Creek stock current value and its past values and can show if there is a momentum factor associated with investing in American Creek Resources.
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 American Creek 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, American Creek's short interest history, or implied volatility extrapolated from American Creek options trading.
Pair Trading with American Creek
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 American Creek 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 American Creek will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
| 0.68 | TC | Tucows Inc | PairCorr |
| 0.57 | SGR-U | Slate Grocery REIT Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to American Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Creek 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 American Creek - 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 American Creek Resources to buy it.
The correlation of American Creek 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 American Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Creek Resources 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 American Creek 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 American Creek Correlation, American Creek Volatility and American Creek Alpha and Beta module to complement your research on American Creek. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for American Stock analysis
When running American Creek's price analysis, check to measure American Creek'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 American Creek is operating at the current time. Most of American Creek's value examination focuses on studying past and present price action to predict the probability of American Creek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Creek's price. Additionally, you may evaluate how the addition of American Creek to your portfolios can decrease your overall portfolio volatility.
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American Creek 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.