Alexandria Mineral's market value is the price at which a share of Alexandria Mineral trades on a public exchange. It measures the collective expectations of Alexandria Mineral Oils investors about its performance. Alexandria Mineral is trading at 7.79 as of the 18th of December 2024. This is a 2.50% up since the beginning of the trading day. The stock's lowest day price was 7.58. With this module, you can estimate the performance of a buy and hold strategy of Alexandria Mineral Oils and determine expected loss or profit from investing in Alexandria Mineral over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Alexandria
Alexandria Mineral '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 Alexandria Mineral'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 Alexandria Mineral.
0.00
06/21/2024
No Change 0.00
0.0
In 5 months and 30 days
12/18/2024
0.00
If you would invest 0.00 in Alexandria Mineral on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Alexandria Mineral Oils or generate 0.0% return on investment in Alexandria Mineral over 180 days.
Alexandria Mineral 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 Alexandria Mineral'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 Alexandria Mineral Oils upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alexandria Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexandria Mineral's standard deviation. In reality, there are many statistical measures that can use Alexandria Mineral historical prices to predict the future Alexandria Mineral's volatility.
Alexandria Mineral Oils secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Alexandria Mineral Oils exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alexandria Mineral's mean deviation of 1.32, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alexandria Mineral's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alexandria Mineral is expected to be smaller as well. At this point, Alexandria Mineral Oils has a negative expected return of -0.22%. Please make sure to confirm Alexandria Mineral's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Alexandria Mineral Oils performance from the past will be repeated at some point in the near future.
Auto-correlation
0.08
Virtually no predictability
Alexandria Mineral Oils has virtually no predictability. Overlapping area represents the amount of predictability between Alexandria Mineral time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th of December 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 Alexandria Mineral Oils price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Alexandria Mineral price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
0.27
Alexandria Mineral Oils lagged returns against current returns
Autocorrelation, which is Alexandria Mineral 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 Alexandria Mineral's stock expected returns. We can calculate the autocorrelation of Alexandria Mineral returns to help us make a trade decision. For example, suppose you find that Alexandria Mineral 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
Alexandria Mineral 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 Alexandria Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexandria Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexandria Mineral stock over time.
Current vs Lagged Prices
Timeline
Alexandria Mineral Lagged Returns
When evaluating Alexandria Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexandria Mineral stock have on its future price. Alexandria Mineral 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, Alexandria Mineral autocorrelation shows the relationship between Alexandria Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in Alexandria Mineral Oils.
Regressed Prices
Timeline
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