Arizona Sonoran Copper Stock Market Value
| ASCU Stock | 1.59 0.04 2.45% |
| Symbol | Arizona |
Arizona Sonoran Copper Price To Book Ratio
Arizona Sonoran '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 Arizona Sonoran'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 Arizona Sonoran.
| 08/17/2024 |
| 09/16/2024 |
If you would invest 0.00 in Arizona Sonoran on August 17, 2024 and sell it all today you would earn a total of 0.00 from holding Arizona Sonoran Copper or generate 0.0% return on investment in Arizona Sonoran over 30 days. Arizona Sonoran is related to or competes with Marimaca Copper, Filo Mining, Northwest Copper, Dore Copper, and QC Copper. Arizona Sonoran is entity of Canada. It is traded as Stock on TO exchange. More
Arizona Sonoran 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 Arizona Sonoran'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 Arizona Sonoran Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.0438 | |||
| Maximum Drawdown | 40.43 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 5.16 |
Arizona Sonoran Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arizona Sonoran's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arizona Sonoran's standard deviation. In reality, there are many statistical measures that can use Arizona Sonoran historical prices to predict the future Arizona Sonoran's volatility.| Risk Adjusted Performance | 0.0594 | |||
| Jensen Alpha | 0.1056 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0857 | |||
| Treynor Ratio | 0.14 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arizona Sonoran'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.
Arizona Sonoran Copper Backtested Returns
Arizona Sonoran appears to be dangerous, given 3 months investment horizon. Arizona Sonoran Copper secures Sharpe Ratio (or Efficiency) of 0.0993, which signifies that the company had a 0.0993% return per unit of risk over the last 3 months. By analyzing Arizona Sonoran's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Arizona Sonoran's Mean Deviation of 2.77, downside deviation of 2.61, and Risk Adjusted Performance of 0.0594 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arizona Sonoran holds a performance score of 7. The firm shows a Beta (market volatility) of 2.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Arizona Sonoran will likely underperform. Please check Arizona Sonoran's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Arizona Sonoran's price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Arizona Sonoran Copper has modest reverse predictability. Overlapping area represents the amount of predictability between Arizona Sonoran time series from 17th of August 2024 to 1st of September 2024 and 1st of September 2024 to 16th of September 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 Arizona Sonoran Copper price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Arizona Sonoran price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Arizona Sonoran Copper lagged returns against current returns
Autocorrelation, which is Arizona Sonoran 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 Arizona Sonoran's stock expected returns. We can calculate the autocorrelation of Arizona Sonoran returns to help us make a trade decision. For example, suppose you find that Arizona Sonoran 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 |
Arizona Sonoran 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 Arizona Sonoran stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arizona Sonoran stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arizona Sonoran stock over time.
Current vs Lagged Prices |
| Timeline |
Arizona Sonoran Lagged Returns
When evaluating Arizona Sonoran's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arizona Sonoran stock have on its future price. Arizona Sonoran 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, Arizona Sonoran autocorrelation shows the relationship between Arizona Sonoran stock current value and its past values and can show if there is a momentum factor associated with investing in Arizona Sonoran Copper.
Regressed Prices |
| Timeline |
Pair Trading with Arizona Sonoran
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 Arizona Sonoran 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 Arizona Sonoran will appreciate offsetting losses from the drop in the long position's value.Moving together with Arizona Stock
Moving against Arizona Stock
| 0.72 | IE | Ivanhoe Energy | PairCorr |
| 0.69 | INFM | Infinico Metals Corp | PairCorr |
| 0.55 | FDY | Faraday Copper Corp | PairCorr |
| 0.54 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to Arizona Sonoran could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arizona Sonoran 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 Arizona Sonoran - 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 Arizona Sonoran Copper to buy it.
The correlation of Arizona Sonoran 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 Arizona Sonoran moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arizona Sonoran Copper 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 Arizona Sonoran 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.Other Information on Investing in Arizona Stock
Arizona Sonoran financial ratios help investors to determine whether Arizona Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Arizona with respect to the benefits of owning Arizona Sonoran security.