Atco Mining Stock Market Value
| ATMGF Stock | USD 0.01 0.0002 1.49% |
| Symbol | Atco |
Please note, there is a significant difference between Atco Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atco Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atco Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Atco 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 Atco Mining's pink sheet 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 Atco Mining.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Atco Mining on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Atco Mining or generate 0.0% return on investment in Atco Mining over 30 days. Atco Mining is related to or competes with Volaris, Meliá Hotels, Shake Shack, Dalata Hotel, Life Time, Cheesecake Factory, and Dennys Corp. More
Atco 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 Atco Mining's pink sheet 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 Atco Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.45 | |||
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 86.71 | |||
| Value At Risk | (29.33) | |||
| Potential Upside | 30.68 |
Atco Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atco Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atco Mining's standard deviation. In reality, there are many statistical measures that can use Atco Mining historical prices to predict the future Atco Mining's volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.5993 | |||
| Total Risk Alpha | (1.88) | |||
| Sortino Ratio | 0.043 | |||
| Treynor Ratio | 0.3377 |
Atco Mining Backtested Returns
Atco Mining is out of control given 3 months investment horizon. Atco Mining secures Sharpe Ratio (or Efficiency) of 0.0789, which signifies that the company had a 0.0789% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Atco Mining mean deviation of 11.14, and Risk Adjusted Performance of 0.0533 to evaluate company specific risk that cannot be diversified away. Atco Mining holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.85, 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, Atco Mining will likely underperform. Use Atco Mining sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to analyze future returns on Atco Mining.
Auto-correlation | 0.31 |
Below average predictability
Atco Mining has below average predictability. Overlapping area represents the amount of predictability between Atco Mining time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Atco Mining price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Atco Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atco Mining lagged returns against current returns
Autocorrelation, which is Atco Mining pink sheet'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 Atco Mining's pink sheet expected returns. We can calculate the autocorrelation of Atco Mining returns to help us make a trade decision. For example, suppose you find that Atco Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Atco 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 Atco Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atco Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atco Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Atco Mining Lagged Returns
When evaluating Atco Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atco Mining pink sheet have on its future price. Atco 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, Atco Mining autocorrelation shows the relationship between Atco Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Atco Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Atco Pink Sheet
Atco Mining financial ratios help investors to determine whether Atco Pink Sheet 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 Atco with respect to the benefits of owning Atco Mining security.