Altius Minerals Stock Market Value
| ATUSF Stock | USD 18.02 1.13 6.69% |
| Symbol | Altius |
Altius Minerals '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 Altius Minerals' otc 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 Altius Minerals.
| 09/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Altius Minerals on September 22, 2024 and sell it all today you would earn a total of 0.00 from holding Altius Minerals or generate 0.0% return on investment in Altius Minerals over 90 days. Altius Minerals is related to or competes with Grande Portage, and White Gold. Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States,... More
Altius Minerals 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 Altius Minerals' otc 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 Altius Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.06 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 2.8 |
Altius Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altius Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altius Minerals' standard deviation. In reality, there are many statistical measures that can use Altius Minerals historical prices to predict the future Altius Minerals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altius Minerals' 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.
Altius Minerals Backtested Returns
Altius Minerals secures Sharpe Ratio (or Efficiency) of -0.0517, which signifies that the company had a -0.0517% return per unit of risk over the last 3 months. Altius Minerals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altius Minerals' Standard Deviation of 1.99, mean deviation of 1.48, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altius Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altius Minerals is expected to be smaller as well. At this point, Altius Minerals has a negative expected return of -0.1%. Please make sure to confirm Altius Minerals' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Altius Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Altius Minerals has weak reverse predictability. Overlapping area represents the amount of predictability between Altius Minerals time series from 22nd of September 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Altius Minerals price movement. The serial correlation of -0.25 indicates that over 25.0% of current Altius Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Altius Minerals lagged returns against current returns
Autocorrelation, which is Altius Minerals otc 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 Altius Minerals' otc stock expected returns. We can calculate the autocorrelation of Altius Minerals returns to help us make a trade decision. For example, suppose you find that Altius Minerals has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Altius Minerals 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 Altius Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altius Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altius Minerals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Altius Minerals Lagged Returns
When evaluating Altius Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altius Minerals otc stock have on its future price. Altius Minerals 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, Altius Minerals autocorrelation shows the relationship between Altius Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Altius Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Altius OTC Stock
Altius Minerals financial ratios help investors to determine whether Altius OTC 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 Altius with respect to the benefits of owning Altius Minerals security.