Arizona Metals Corp Stock Market Value
| AZMCF Stock | USD 1.47 0.07 5.00% |
| Symbol | Arizona |
Arizona Metals '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 Metals' 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 Arizona Metals.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Arizona Metals on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Arizona Metals Corp or generate 0.0% return on investment in Arizona Metals over 30 days. Arizona Metals is related to or competes with IGO, and Adriatic Metals. Arizona Metals Corp. operates as a mineral exploration company More
Arizona Metals 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 Metals' 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 Arizona Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0228 | |||
| Maximum Drawdown | 28.12 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 11.11 |
Arizona Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arizona Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arizona Metals' standard deviation. In reality, there are many statistical measures that can use Arizona Metals historical prices to predict the future Arizona Metals' volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.0577 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | 0.152 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arizona Metals' 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 Metals Corp Backtested Returns
Arizona Metals appears to be extremely dangerous, given 3 months investment horizon. Arizona Metals Corp secures Sharpe Ratio (or Efficiency) of 0.0547, which signifies that the company had a 0.0547% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Arizona Metals Corp, which you can use to evaluate the volatility of the firm. Please makes use of Arizona Metals' Risk Adjusted Performance of 0.0443, downside deviation of 3.57, and Mean Deviation of 3.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arizona Metals holds a performance score of 4. The firm shows a Beta (market volatility) of 1.53, 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 Metals will likely underperform. Please check Arizona Metals' standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Arizona Metals' price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Arizona Metals Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Arizona Metals time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Arizona Metals Corp price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Arizona Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Arizona Metals Corp lagged returns against current returns
Autocorrelation, which is Arizona Metals 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 Arizona Metals' otc stock expected returns. We can calculate the autocorrelation of Arizona Metals returns to help us make a trade decision. For example, suppose you find that Arizona Metals 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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Arizona Metals 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 Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arizona Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arizona Metals otc stock over time.
Current vs Lagged Prices |
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Arizona Metals Lagged Returns
When evaluating Arizona Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arizona Metals otc stock have on its future price. Arizona Metals 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 Metals autocorrelation shows the relationship between Arizona Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Arizona Metals Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Arizona OTC Stock
Arizona Metals financial ratios help investors to determine whether Arizona 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 Arizona with respect to the benefits of owning Arizona Metals security.