Athena Gold Corp Stock Market Value
| AHNR Stock | USD 0.04 0 10.50% |
| Symbol | Athena |
Athena 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 Athena Gold's 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 Athena Gold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Athena Gold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Athena Gold Corp or generate 0.0% return on investment in Athena Gold over 30 days. Athena Gold is related to or competes with Arras Minerals, Gold79 Mines, Aurania Resources, American Clean, and American Creek. Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources i... More
Athena 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 Athena Gold's 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 Athena Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.25 | |||
| Information Ratio | 0.1011 | |||
| Maximum Drawdown | 103.51 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Athena Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athena Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athena Gold's standard deviation. In reality, there are many statistical measures that can use Athena Gold historical prices to predict the future Athena Gold's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 1.93 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0752 | |||
| Treynor Ratio | 17.7 |
Athena Gold Corp Backtested Returns
Athena Gold is out of control given 3 months investment horizon. Athena Gold Corp secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.91% are justified by taking the suggested risk. Use Athena Gold mean deviation of 11.87, and Risk Adjusted Performance of 0.0924 to evaluate company specific risk that cannot be diversified away. Athena Gold holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Athena Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Athena Gold is expected to be smaller as well. Use Athena Gold jensen alpha and the relationship between the value at risk and day typical price , to analyze future returns on Athena Gold.
Auto-correlation | 0.25 |
Poor predictability
Athena Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Athena Gold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Athena Gold Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Athena Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Athena Gold Corp lagged returns against current returns
Autocorrelation, which is Athena Gold 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 Athena Gold's otc stock expected returns. We can calculate the autocorrelation of Athena Gold returns to help us make a trade decision. For example, suppose you find that Athena Gold 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 |
| Timeline |
Athena 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 Athena Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athena Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athena Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Athena Gold Lagged Returns
When evaluating Athena Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athena Gold otc stock have on its future price. Athena 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, Athena Gold autocorrelation shows the relationship between Athena Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Athena Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Athena 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 Athena 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 Athena Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Athena OTC Stock
The ability to find closely correlated positions to Athena 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 Athena 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 Athena 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 Athena Gold Corp to buy it.
The correlation of Athena 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 Athena Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athena Gold Corp 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 Athena 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.Additional Tools for Athena OTC Stock Analysis
When running Athena Gold's price analysis, check to measure Athena Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Athena Gold is operating at the current time. Most of Athena Gold's value examination focuses on studying past and present price action to predict the probability of Athena Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Gold's price. Additionally, you may evaluate how the addition of Athena Gold to your portfolios can decrease your overall portfolio volatility.