Altiplano Metals Stock Market Value
| APN Stock | CAD 0.04 0.01 10.00% |
| Symbol | Altiplano |
Altiplano Metals Price To Book Ratio
Altiplano 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 Altiplano 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 Altiplano Metals.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Altiplano Metals on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Altiplano Metals or generate 0.0% return on investment in Altiplano Metals over 720 days. Altiplano Metals is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Altiplano Metals Inc., a junior resource company, focuses on evaluating and acquiring exploration projects More
Altiplano 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 Altiplano 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 Altiplano Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 6.67 |
Altiplano Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altiplano Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altiplano Metals' standard deviation. In reality, there are many statistical measures that can use Altiplano Metals historical prices to predict the future Altiplano Metals' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.72) | |||
| Treynor Ratio | (20.66) |
Altiplano Metals Backtested Returns
Altiplano Metals secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Altiplano Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altiplano Metals' Risk Adjusted Performance of (0.11), mean deviation of 3.5, and Standard Deviation of 5.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0401, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altiplano Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altiplano Metals is expected to be smaller as well. At this point, Altiplano Metals has a negative expected return of -0.75%. Please make sure to confirm Altiplano Metals' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Altiplano Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Altiplano Metals has below average predictability. Overlapping area represents the amount of predictability between Altiplano Metals time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Altiplano Metals price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Altiplano Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altiplano Metals lagged returns against current returns
Autocorrelation, which is Altiplano 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 Altiplano Metals' stock expected returns. We can calculate the autocorrelation of Altiplano Metals returns to help us make a trade decision. For example, suppose you find that Altiplano 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 |
Altiplano 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 Altiplano Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altiplano Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altiplano Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Altiplano Metals Lagged Returns
When evaluating Altiplano Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altiplano Metals stock have on its future price. Altiplano 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, Altiplano Metals autocorrelation shows the relationship between Altiplano Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Altiplano Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Altiplano Stock Analysis
When running Altiplano Metals' price analysis, check to measure Altiplano 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 Altiplano Metals is operating at the current time. Most of Altiplano Metals' value examination focuses on studying past and present price action to predict the probability of Altiplano Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altiplano Metals' price. Additionally, you may evaluate how the addition of Altiplano Metals to your portfolios can decrease your overall portfolio volatility.