Alto Metals (Australia) Market Value
| AME Stock | 0.09 0 1.10% |
| Symbol | Alto |
Alto Metals '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 Alto Metals' 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 Alto Metals.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alto Metals on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Alto Metals or generate 0.0% return on investment in Alto Metals over 30 days. Alto Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and De Grey. Alto Metals is entity of Australia. It is traded as Stock on AU exchange. More
Alto Metals 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 Alto Metals' 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 Alto Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1524 | |||
| Maximum Drawdown | 13.62 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 5.06 |
Alto Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alto Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alto Metals' standard deviation. In reality, there are many statistical measures that can use Alto Metals historical prices to predict the future Alto Metals' volatility.| Risk Adjusted Performance | 0.1553 | |||
| Jensen Alpha | 0.5242 | |||
| Total Risk Alpha | 0.1212 | |||
| Sortino Ratio | 0.1456 | |||
| Treynor Ratio | 1.06 |
Alto Metals Backtested Returns
Alto Metals appears to be out of control, given 3 months investment horizon. Alto Metals secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Alto Metals' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Alto Metals' Risk Adjusted Performance of 0.1553, downside deviation of 3.25, and Mean Deviation of 2.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alto Metals holds a performance score of 14. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alto Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alto Metals is expected to be smaller as well. Please check Alto Metals' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Alto Metals' price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Alto Metals has good predictability. Overlapping area represents the amount of predictability between Alto Metals 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 Alto Metals price movement. The serial correlation of 0.74 indicates that around 74.0% of current Alto Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alto Metals lagged returns against current returns
Autocorrelation, which is Alto Metals 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 Alto Metals' stock expected returns. We can calculate the autocorrelation of Alto Metals returns to help us make a trade decision. For example, suppose you find that Alto Metals 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 |
Alto Metals 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 Alto Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alto Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alto Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Alto Metals Lagged Returns
When evaluating Alto Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alto Metals stock have on its future price. Alto Metals 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, Alto Metals autocorrelation shows the relationship between Alto Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Alto Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Alto Stock Analysis
When running Alto Metals' price analysis, check to measure Alto Metals' 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 Alto Metals is operating at the current time. Most of Alto Metals' value examination focuses on studying past and present price action to predict the probability of Alto Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alto Metals' price. Additionally, you may evaluate how the addition of Alto Metals to your portfolios can decrease your overall portfolio volatility.