Amerigo Resources Stock Market Value
| ARG Stock | CAD 1.88 0.01 0.53% |
| Symbol | Amerigo |
Amerigo Resources Price To Book Ratio
Amerigo Resources '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 Amerigo Resources' 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 Amerigo Resources.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Amerigo Resources on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Amerigo Resources or generate 0.0% return on investment in Amerigo Resources over 90 days. Amerigo Resources is related to or competes with Taseko Mines, Western Copper, Capstone Mining, and Imperial Metals. Amerigo Resources Ltd., through its subsidiary, Minera Valle Central S.A., produces and sells copper and molybdenum conc... More
Amerigo Resources 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 Amerigo Resources' 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 Amerigo Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.91 |
Amerigo Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amerigo Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amerigo Resources' standard deviation. In reality, there are many statistical measures that can use Amerigo Resources historical prices to predict the future Amerigo Resources' volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.229 | |||
| Total Risk Alpha | 0.4934 | |||
| Sortino Ratio | 0.1595 | |||
| Treynor Ratio | 39.37 |
Amerigo Resources Backtested Returns
Amerigo Resources appears to be relatively risky, given 3 months investment horizon. Amerigo Resources secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Amerigo Resources, which you can use to evaluate the volatility of the firm. Please makes use of Amerigo Resources' mean deviation of 1.7, and Risk Adjusted Performance of 0.1039 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amerigo Resources holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0058, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amerigo Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Amerigo Resources is expected to be smaller as well. Please check Amerigo Resources' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Amerigo Resources' price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Amerigo Resources has poor predictability. Overlapping area represents the amount of predictability between Amerigo Resources time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Amerigo Resources price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Amerigo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amerigo Resources lagged returns against current returns
Autocorrelation, which is Amerigo Resources 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 Amerigo Resources' stock expected returns. We can calculate the autocorrelation of Amerigo Resources returns to help us make a trade decision. For example, suppose you find that Amerigo Resources 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 |
Amerigo Resources 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 Amerigo Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amerigo Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amerigo Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Amerigo Resources Lagged Returns
When evaluating Amerigo Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amerigo Resources stock have on its future price. Amerigo Resources 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, Amerigo Resources autocorrelation shows the relationship between Amerigo Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Amerigo Resources.
Regressed Prices |
| Timeline |
Pair Trading with Amerigo Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amerigo Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amerigo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Amerigo Stock
Moving against Amerigo Stock
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| 0.73 | IE | Ivanhoe Energy | PairCorr |
| 0.67 | RCI-A | Rogers Communications | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Amerigo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amerigo Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amerigo Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amerigo Resources to buy it.
The correlation of Amerigo Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amerigo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amerigo Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amerigo Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Amerigo Stock
Amerigo Resources financial ratios help investors to determine whether Amerigo Stock 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 Amerigo with respect to the benefits of owning Amerigo Resources security.