Amerigo Resources Stock Market Value
| ARREF Stock | USD 1.15 0.02 1.71% |
| Symbol | Amerigo |
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' otc 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Amerigo Resources on November 11, 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 30 days. Amerigo Resources is related to or competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. 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' otc 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 | 1.93 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.94 |
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 | 0.0103 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amerigo Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amerigo Resources Backtested Returns
Amerigo Resources secures Sharpe Ratio (or Efficiency) of -0.0079, which signifies that the company had a -0.0079% return per unit of standard deviation over the last 3 months. Amerigo Resources exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amerigo Resources' risk adjusted performance of 0.0103, and Mean Deviation of 1.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. 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. At this point, Amerigo Resources has a negative expected return of -0.0174%. Please make sure to confirm Amerigo Resources' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Amerigo Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Amerigo Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amerigo Resources time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Amerigo Resources price movement. The serial correlation of -0.79 indicates that around 79.0% of current Amerigo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amerigo Resources lagged returns against current returns
Autocorrelation, which is Amerigo Resources otc 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' otc 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 otc 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 |
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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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amerigo Resources otc 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 otc stock over time.
Current vs Lagged Prices |
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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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Amerigo Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Amerigo OTC Stock
Amerigo Resources financial ratios help investors to determine whether Amerigo OTC 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.