Aris Gold Corp Stock Market Value
| ARIS Stock | CAD 5.83 0.23 4.11% |
| Symbol | Aris |
Aris Gold Corp Price To Book Ratio
Aris Gold '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 Aris Gold'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 Aris Gold.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Aris Gold on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aris Gold Corp or generate 0.0% return on investment in Aris Gold over 30 days. Aris Gold is related to or competes with Calibre Mining, K92 Mining, Equinox Gold, and New Found. Aris Mining Corporation together with its subsidiaries, engages in the acquisition, exploration, development, and operat... More
Aris Gold 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 Aris Gold'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 Aris Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 5.1 |
Aris Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aris Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aris Gold's standard deviation. In reality, there are many statistical measures that can use Aris Gold historical prices to predict the future Aris Gold's volatility.| Risk Adjusted Performance | 0.0163 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0461 |
Aris Gold Corp Backtested Returns
Aris Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0794, which signifies that the company had a -0.0794% return per unit of risk over the last 3 months. Aris Gold Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aris Gold's Risk Adjusted Performance of 0.0163, mean deviation of 2.3, and Downside Deviation of 2.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aris Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aris Gold is expected to be smaller as well. At this point, Aris Gold Corp has a negative expected return of -0.22%. Please make sure to confirm Aris Gold's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Aris Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Aris Gold Corp has poor predictability. Overlapping area represents the amount of predictability between Aris Gold time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Aris Gold Corp price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Aris Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aris Gold Corp lagged returns against current returns
Autocorrelation, which is Aris Gold 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 Aris Gold's stock expected returns. We can calculate the autocorrelation of Aris Gold returns to help us make a trade decision. For example, suppose you find that Aris Gold 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 |
Aris Gold 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 Aris Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aris Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aris Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Aris Gold Lagged Returns
When evaluating Aris Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aris Gold stock have on its future price. Aris Gold 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, Aris Gold autocorrelation shows the relationship between Aris Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Aris Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Aris Gold
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 Aris Gold 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 Aris Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
Moving against Aris Stock
| 0.81 | FFH | Fairfax Financial | PairCorr |
| 0.77 | WCN | Waste Connections | PairCorr |
| 0.74 | CSU | Constellation Software | PairCorr |
| 0.61 | FSV | FirstService Corp | PairCorr |
| 0.43 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to Aris Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Gold 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 Aris Gold - 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 Aris Gold Corp to buy it.
The correlation of Aris Gold 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 Aris Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Gold Corp 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 Aris Gold 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 Aris Stock
Aris Gold financial ratios help investors to determine whether Aris 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 Aris with respect to the benefits of owning Aris Gold security.