Aminex Plc Stock Market Value
| AEXFF Stock | USD 0.03 0.01 50.00% |
| Symbol | Aminex |
Aminex PLC '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 Aminex PLC'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 Aminex PLC.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Aminex PLC on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Aminex PLC or generate 0.0% return on investment in Aminex PLC over 540 days. Aminex PLC is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil an... More
Aminex PLC 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 Aminex PLC'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 Aminex PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1007 | |||
| Maximum Drawdown | 50.0 |
Aminex PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aminex PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aminex PLC's standard deviation. In reality, there are many statistical measures that can use Aminex PLC historical prices to predict the future Aminex PLC's volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 0.8875 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.68) |
Aminex PLC Backtested Returns
Aminex PLC appears to be out of control, given 3 months investment horizon. Aminex PLC secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Aminex PLC's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Aminex PLC's Mean Deviation of 1.49, risk adjusted performance of 0.1029, and Standard Deviation of 6.15 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aminex PLC holds a performance score of 9. The firm shows a Beta (market volatility) of -1.1, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Aminex PLC are expected to decrease slowly. On the other hand, during market turmoil, Aminex PLC is expected to outperform it slightly. Please check Aminex PLC's jensen alpha, daily balance of power, period momentum indicator, as well as the relationship between the maximum drawdown and day typical price , to make a quick decision on whether Aminex PLC's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Aminex PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Aminex PLC time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Aminex PLC price movement. The serial correlation of -0.01 indicates that just 1.0% of current Aminex PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aminex PLC lagged returns against current returns
Autocorrelation, which is Aminex PLC 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 Aminex PLC's pink sheet expected returns. We can calculate the autocorrelation of Aminex PLC returns to help us make a trade decision. For example, suppose you find that Aminex PLC 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 |
Aminex PLC 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 Aminex PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aminex PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aminex PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aminex PLC Lagged Returns
When evaluating Aminex PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aminex PLC pink sheet have on its future price. Aminex PLC 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, Aminex PLC autocorrelation shows the relationship between Aminex PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aminex PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aminex Pink Sheet
Aminex PLC financial ratios help investors to determine whether Aminex 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 Aminex with respect to the benefits of owning Aminex PLC security.