Atlas Consolidated (Philippines) Market Value
| AT Stock | 4.23 0.04 0.95% |
| Symbol | Atlas |
Atlas Consolidated '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 Atlas Consolidated'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 Atlas Consolidated.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Atlas Consolidated on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Consolidated Mining or generate 0.0% return on investment in Atlas Consolidated over 30 days. Atlas Consolidated is related to or competes with Nickel Asia, Atok Big, Philex Mining, and . More
Atlas Consolidated 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 Atlas Consolidated'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 Atlas Consolidated Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.9 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.02 |
Atlas Consolidated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Consolidated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Consolidated's standard deviation. In reality, there are many statistical measures that can use Atlas Consolidated historical prices to predict the future Atlas Consolidated's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.0345 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.4915 |
Atlas Consolidated Mining Backtested Returns
At this point, Atlas Consolidated is slightly risky. Atlas Consolidated Mining secures Sharpe Ratio (or Efficiency) of 0.0458, which signifies that the company had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Atlas Consolidated Mining, which you can use to evaluate the volatility of the firm. Please confirm Atlas Consolidated's Risk Adjusted Performance of 0.0289, downside deviation of 2.29, and Mean Deviation of 1.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0803%. Atlas Consolidated has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0914, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atlas Consolidated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlas Consolidated is expected to be smaller as well. Atlas Consolidated Mining right now shows a risk of 1.76%. Please confirm Atlas Consolidated Mining downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Atlas Consolidated Mining will be following its price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Atlas Consolidated Mining has modest reverse predictability. Overlapping area represents the amount of predictability between Atlas Consolidated 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 Atlas Consolidated Mining price movement. The serial correlation of -0.46 indicates that about 46.0% of current Atlas Consolidated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlas Consolidated Mining lagged returns against current returns
Autocorrelation, which is Atlas Consolidated 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 Atlas Consolidated's stock expected returns. We can calculate the autocorrelation of Atlas Consolidated returns to help us make a trade decision. For example, suppose you find that Atlas Consolidated 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 |
Atlas Consolidated 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 Atlas Consolidated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Consolidated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Consolidated stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Consolidated Lagged Returns
When evaluating Atlas Consolidated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Consolidated stock have on its future price. Atlas Consolidated 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, Atlas Consolidated autocorrelation shows the relationship between Atlas Consolidated stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Consolidated Mining.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Atlas Stock
Atlas Consolidated financial ratios help investors to determine whether Atlas 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 Atlas with respect to the benefits of owning Atlas Consolidated security.