American Manganese Stock Market Value
| AMY Stock | CAD 0.14 0.01 7.69% |
| Symbol | American |
American Manganese Price To Book Ratio
American Manganese '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 American Manganese'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 American Manganese.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in American Manganese on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding American Manganese or generate 0.0% return on investment in American Manganese over 30 days. American Manganese is related to or competes with Frontier Lithium. American Manganese Inc., an exploration stage company, acquires, explores for, and develops mineral resource projects in... More
American Manganese 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 American Manganese'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 American Manganese upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.47 | |||
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
American Manganese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Manganese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Manganese's standard deviation. In reality, there are many statistical measures that can use American Manganese historical prices to predict the future American Manganese's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.3201 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0155 | |||
| Treynor Ratio | (0.76) |
American Manganese Backtested Returns
At this stage we consider American Stock to be out of control. American Manganese secures Sharpe Ratio (or Efficiency) of 0.0287, which signifies that the company had a 0.0287% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for American Manganese, which you can use to evaluate the volatility of the firm. Please confirm American Manganese's mean deviation of 3.18, and Risk Adjusted Performance of 0.0447 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. American Manganese has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning American Manganese are expected to decrease at a much lower rate. During the bear market, American Manganese is likely to outperform the market. American Manganese right now shows a risk of 6.11%. Please confirm American Manganese potential upside, day median price, and the relationship between the sortino ratio and skewness , to decide if American Manganese will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
American Manganese has modest reverse predictability. Overlapping area represents the amount of predictability between American Manganese time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 American Manganese price movement. The serial correlation of -0.43 indicates that just about 43.0% of current American Manganese price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Manganese lagged returns against current returns
Autocorrelation, which is American Manganese 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 American Manganese's stock expected returns. We can calculate the autocorrelation of American Manganese returns to help us make a trade decision. For example, suppose you find that American Manganese 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 |
American Manganese 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 American Manganese stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Manganese stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Manganese stock over time.
Current vs Lagged Prices |
| Timeline |
American Manganese Lagged Returns
When evaluating American Manganese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Manganese stock have on its future price. American Manganese 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, American Manganese autocorrelation shows the relationship between American Manganese stock current value and its past values and can show if there is a momentum factor associated with investing in American Manganese.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for American Stock Analysis
When running American Manganese's price analysis, check to measure American Manganese'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 American Manganese is operating at the current time. Most of American Manganese's value examination focuses on studying past and present price action to predict the probability of American Manganese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Manganese's price. Additionally, you may evaluate how the addition of American Manganese to your portfolios can decrease your overall portfolio volatility.