Alphamin Resources Corp Stock Market Value
| AFMJF Stock | USD 0.49 0.02 3.92% |
| Symbol | Alphamin |
Alphamin Resources '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 Alphamin Resources' 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 Alphamin Resources.
| 12/04/2024 |
| 03/04/2025 |
If you would invest 0.00 in Alphamin Resources on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Alphamin Resources Corp or generate 0.0% return on investment in Alphamin Resources over 90 days. Alphamin Resources is related to or competes with NGEx Minerals, Metals X, Minsud Resources, Aldebaran Resources, Adriatic Metals, Adriatic Metals, and Azimut Exploration. Alphamin Resources Corp., together with its subsidiaries, engages in the extraction, production, and sale of tin concent... More
Alphamin Resources 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 Alphamin Resources' 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 Alphamin Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 22.25 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 3.92 |
Alphamin Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphamin Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphamin Resources' standard deviation. In reality, there are many statistical measures that can use Alphamin Resources historical prices to predict the future Alphamin Resources' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (16.16) |
Alphamin Resources Corp Backtested Returns
Alphamin Resources Corp secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22 % return per unit of risk over the last 3 months. Alphamin Resources Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alphamin Resources' Mean Deviation of 2.26, standard deviation of 3.2, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0499, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alphamin Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphamin Resources is expected to be smaller as well. At this point, Alphamin Resources Corp has a negative expected return of -0.75%. Please make sure to confirm Alphamin Resources' treynor ratio and the relationship between the skewness and day typical price , to decide if Alphamin Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Alphamin Resources Corp has average predictability. Overlapping area represents the amount of predictability between Alphamin Resources time series from 4th of December 2024 to 18th of January 2025 and 18th of January 2025 to 4th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alphamin Resources Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Alphamin Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alphamin Resources Corp lagged returns against current returns
Autocorrelation, which is Alphamin Resources 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 Alphamin Resources' pink sheet expected returns. We can calculate the autocorrelation of Alphamin Resources returns to help us make a trade decision. For example, suppose you find that Alphamin Resources 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 |
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Alphamin Resources 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 Alphamin Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphamin Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphamin Resources pink sheet over time.
Current vs Lagged Prices |
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Alphamin Resources Lagged Returns
When evaluating Alphamin Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphamin Resources pink sheet have on its future price. Alphamin Resources 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, Alphamin Resources autocorrelation shows the relationship between Alphamin Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alphamin Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Alphamin Pink Sheet
Alphamin Resources financial ratios help investors to determine whether Alphamin 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 Alphamin with respect to the benefits of owning Alphamin Resources security.