Amex Exploration Stock Market Value
| AMX Stock | CAD 1.16 0.06 5.45% |
| Symbol | America |
Amex Exploration Price To Book Ratio
America Movil '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 America Movil'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 America Movil.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in America Movil on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding Amex Exploration or generate 0.0% return on investment in America Movil over 360 days. America Movil is related to or competes with Q Gold, and Goldbank Mining. Amex Exploration Inc., a junior mining exploration company, acquires, explores, and develops gold and base metal project... More
America Movil 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 America Movil'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 Amex Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.91 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.35 |
America Movil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for America Movil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as America Movil's standard deviation. In reality, there are many statistical measures that can use America Movil historical prices to predict the future America Movil's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.01) |
Amex Exploration Backtested Returns
Amex Exploration secures Sharpe Ratio (or Efficiency) of -0.0073, which signifies that the company had a -0.0073% return per unit of standard deviation over the last 3 months. Amex Exploration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm America Movil's mean deviation of 2.12, and Risk Adjusted Performance of 0.0059 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.55, 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, America Movil will likely underperform. At this point, Amex Exploration has a negative expected return of -0.0222%. Please make sure to confirm America Movil's accumulation distribution, day typical price, as well as the relationship between the maximum drawdown and information ratio , to decide if Amex Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Amex Exploration has good reverse predictability. Overlapping area represents the amount of predictability between America Movil time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th of December 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 Amex Exploration price movement. The serial correlation of -0.52 indicates that about 52.0% of current America Movil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Amex Exploration lagged returns against current returns
Autocorrelation, which is America Movil 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 America Movil's stock expected returns. We can calculate the autocorrelation of America Movil returns to help us make a trade decision. For example, suppose you find that America Movil 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 |
America Movil 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 America Movil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if America Movil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in America Movil stock over time.
Current vs Lagged Prices |
| Timeline |
America Movil Lagged Returns
When evaluating America Movil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of America Movil stock have on its future price. America Movil 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, America Movil autocorrelation shows the relationship between America Movil stock current value and its past values and can show if there is a momentum factor associated with investing in Amex Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for America Stock Analysis
When running America Movil's price analysis, check to measure America Movil'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 America Movil is operating at the current time. Most of America Movil's value examination focuses on studying past and present price action to predict the probability of America Movil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move America Movil's price. Additionally, you may evaluate how the addition of America Movil to your portfolios can decrease your overall portfolio volatility.