AfriTin Mining (UK) Market Value
| ATM Stock | 3.59 0.41 10.25% |
| Symbol | AfriTin |
AfriTin Mining '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 AfriTin Mining'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 AfriTin Mining.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in AfriTin Mining on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding AfriTin Mining or generate 0.0% return on investment in AfriTin Mining over 90 days. AfriTin Mining is related to or competes with Spirent Communications, One Media, AcadeMedia, Flutter Entertainment, Cairo Communication, and Catena Media. AfriTin Mining is entity of United Kingdom More
AfriTin Mining 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 AfriTin Mining'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 AfriTin Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.1284 | |||
| Maximum Drawdown | 45.59 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 10.31 |
AfriTin Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AfriTin Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AfriTin Mining's standard deviation. In reality, there are many statistical measures that can use AfriTin Mining historical prices to predict the future AfriTin Mining's volatility.| Risk Adjusted Performance | 0.1084 | |||
| Jensen Alpha | 0.7456 | |||
| Total Risk Alpha | 1.68 | |||
| Sortino Ratio | 0.2375 | |||
| Treynor Ratio | (1.62) |
AfriTin Mining Backtested Returns
AfriTin Mining appears to be dangerous, given 3 months investment horizon. AfriTin Mining secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. By analyzing AfriTin Mining's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of AfriTin Mining's Downside Deviation of 3.82, mean deviation of 3.91, and Risk Adjusted Performance of 0.1084 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AfriTin Mining holds a performance score of 9. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AfriTin Mining are expected to decrease at a much lower rate. During the bear market, AfriTin Mining is likely to outperform the market. Please check AfriTin Mining's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether AfriTin Mining's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
AfriTin Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AfriTin Mining time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 AfriTin Mining price movement. The serial correlation of -0.75 indicates that around 75.0% of current AfriTin Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
AfriTin Mining lagged returns against current returns
Autocorrelation, which is AfriTin Mining 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 AfriTin Mining's stock expected returns. We can calculate the autocorrelation of AfriTin Mining returns to help us make a trade decision. For example, suppose you find that AfriTin Mining 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 |
AfriTin Mining 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 AfriTin Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AfriTin Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AfriTin Mining stock over time.
Current vs Lagged Prices |
| Timeline |
AfriTin Mining Lagged Returns
When evaluating AfriTin Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AfriTin Mining stock have on its future price. AfriTin Mining 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, AfriTin Mining autocorrelation shows the relationship between AfriTin Mining stock current value and its past values and can show if there is a momentum factor associated with investing in AfriTin Mining.
Regressed Prices |
| Timeline |
Also Currently Popular
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 AfriTin Stock
AfriTin Mining financial ratios help investors to determine whether AfriTin 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 AfriTin with respect to the benefits of owning AfriTin Mining security.