Altura Mining Limited Stock Market Value
| ALTAF Stock | USD 0.02 0.01 88.52% |
| Symbol | Altura |
Altura Mining '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 Altura Mining'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 Altura Mining.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Altura Mining on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Altura Mining Limited or generate 0.0% return on investment in Altura Mining over 90 days. Altura Mining is related to or competes with Aurelia Metals, Azimut Exploration, Adriatic Metals, Frontier Lithium, Lithium Ionic, and CanAlaska Uranium. Morella Corporation Limited, an exploration and resource development company, focuses on the exploration and development... More
Altura Mining 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 Altura Mining'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 Altura Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 56.09 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 169.52 | |||
| Value At Risk | (39.57) | |||
| Potential Upside | 88.52 |
Altura Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altura Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altura Mining's standard deviation. In reality, there are many statistical measures that can use Altura Mining historical prices to predict the future Altura Mining's volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 3.28 | |||
| Total Risk Alpha | 7.18 | |||
| Sortino Ratio | 0.0618 | |||
| Treynor Ratio | (4.77) |
Altura Mining Limited Backtested Returns
Altura Mining is out of control given 3 months investment horizon. Altura Mining Limited 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. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.97% are justified by taking the suggested risk. Use Altura Mining Risk Adjusted Performance of 0.1058, mean deviation of 14.37, and Downside Deviation of 56.09 to evaluate company specific risk that cannot be diversified away. Altura Mining holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Altura Mining are expected to decrease at a much lower rate. During the bear market, Altura Mining is likely to outperform the market. Use Altura Mining treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to analyze future returns on Altura Mining.
Auto-correlation | 0.64 |
Good predictability
Altura Mining Limited has good predictability. Overlapping area represents the amount of predictability between Altura Mining time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Altura Mining Limited price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Altura Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altura Mining Limited lagged returns against current returns
Autocorrelation, which is Altura Mining 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 Altura Mining's pink sheet expected returns. We can calculate the autocorrelation of Altura Mining returns to help us make a trade decision. For example, suppose you find that Altura Mining 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 |
Altura Mining 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 Altura Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altura Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altura Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Altura Mining Lagged Returns
When evaluating Altura Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altura Mining pink sheet have on its future price. Altura Mining 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, Altura Mining autocorrelation shows the relationship between Altura Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Altura Mining Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Altura Pink Sheet
Altura Mining financial ratios help investors to determine whether Altura 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 Altura with respect to the benefits of owning Altura Mining security.