Alamos Gold Stock Market Value
| AGI Stock | CAD 36.14 0.20 0.56% |
| Symbol | Alamos |
Alamos Gold Price To Book Ratio
Alamos Gold '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 Alamos Gold's 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 Alamos Gold.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Alamos Gold on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alamos Gold or generate 0.0% return on investment in Alamos Gold over 90 days. Alamos Gold is related to or competes with Quipt Home, Zena Mining, Computer Modelling, Vizsla Silver, Canadian Utilities, Summa Silver, and Mako Mining. Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction o... More
Alamos Gold 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 Alamos Gold's 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 Alamos Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.2529 | |||
| Maximum Drawdown | 8.99 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.94 |
Alamos Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alamos Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alamos Gold's standard deviation. In reality, there are many statistical measures that can use Alamos Gold historical prices to predict the future Alamos Gold's volatility.| Risk Adjusted Performance | 0.1844 | |||
| Jensen Alpha | 0.4832 | |||
| Total Risk Alpha | 0.6753 | |||
| Sortino Ratio | 0.2381 | |||
| Treynor Ratio | 0.6692 |
Alamos Gold Backtested Returns
Alamos Gold appears to be very steady, given 3 months investment horizon. Alamos Gold secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alamos Gold, which you can use to evaluate the volatility of the firm. Please makes use of Alamos Gold's mean deviation of 1.59, and Risk Adjusted Performance of 0.1844 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alamos Gold holds a performance score of 19. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alamos Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alamos Gold is expected to be smaller as well. Please check Alamos Gold's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Alamos Gold's price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Alamos Gold has very good predictability. Overlapping area represents the amount of predictability between Alamos Gold time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Alamos Gold price movement. The serial correlation of 0.83 indicates that around 83.0% of current Alamos Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
Alamos Gold lagged returns against current returns
Autocorrelation, which is Alamos Gold 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 Alamos Gold's stock expected returns. We can calculate the autocorrelation of Alamos Gold returns to help us make a trade decision. For example, suppose you find that Alamos Gold has exhibited high autocorrelation historically, and you observe that the 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 |
| Timeline |
Alamos Gold 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 Alamos Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alamos Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alamos Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Alamos Gold Lagged Returns
When evaluating Alamos Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alamos Gold stock have on its future price. Alamos Gold 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, Alamos Gold autocorrelation shows the relationship between Alamos Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Alamos Gold.
Regressed Prices |
| Timeline |
Pair Trading with Alamos Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alamos Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alamos Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Alamos Stock
Moving against Alamos Stock
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.78 | CCL-A | CCL Industries | PairCorr |
| 0.69 | RCI-A | Rogers Communications | PairCorr |
| 0.43 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Alamos Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamos Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alamos Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alamos Gold to buy it.
The correlation of Alamos Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alamos Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamos Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alamos Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Alamos Gold Correlation, Alamos Gold Volatility and Alamos Gold Alpha and Beta module to complement your research on Alamos Gold. To learn how to invest in Alamos Stock, please use our How to Invest in Alamos Gold guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Alamos Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.