Altius Renewable Royalties Stock Market Value
| ATRWF Stock | USD 8.45 0.08 0.94% |
| Symbol | Altius |
Altius Renewable '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 Altius Renewable's 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 Altius Renewable.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Altius Renewable on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Altius Renewable Royalties or generate 0.0% return on investment in Altius Renewable over 360 days. Altius Renewable is related to or competes with Astra Energy, and Brenmiller Energy. Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renew... More
Altius Renewable 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 Altius Renewable's 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 Altius Renewable Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.962 | |||
| Information Ratio | 0.1038 | |||
| Maximum Drawdown | 9.36 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 3.01 |
Altius Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altius Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altius Renewable's standard deviation. In reality, there are many statistical measures that can use Altius Renewable historical prices to predict the future Altius Renewable's volatility.| Risk Adjusted Performance | 0.1595 | |||
| Jensen Alpha | 0.3064 | |||
| Total Risk Alpha | 0.0398 | |||
| Sortino Ratio | 0.1501 | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altius Renewable's 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.
Altius Renewable Roy Backtested Returns
Altius Renewable appears to be not too volatile, given 3 months investment horizon. Altius Renewable Roy secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Altius Renewable Royalties, which you can use to evaluate the volatility of the firm. Please makes use of Altius Renewable's Risk Adjusted Performance of 0.1595, mean deviation of 0.7511, and Downside Deviation of 0.962 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Altius Renewable holds a performance score of 14. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Altius Renewable are expected to decrease at a much lower rate. During the bear market, Altius Renewable is likely to outperform the market. Please check Altius Renewable's value at risk, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Altius Renewable's price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Altius Renewable Royalties has very good predictability. Overlapping area represents the amount of predictability between Altius Renewable time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Altius Renewable Roy price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Altius Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Altius Renewable Roy lagged returns against current returns
Autocorrelation, which is Altius Renewable 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 Altius Renewable's otc stock expected returns. We can calculate the autocorrelation of Altius Renewable returns to help us make a trade decision. For example, suppose you find that Altius Renewable 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 |
| Timeline |
Altius Renewable 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 Altius Renewable otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altius Renewable otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altius Renewable otc stock over time.
Current vs Lagged Prices |
| Timeline |
Altius Renewable Lagged Returns
When evaluating Altius Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altius Renewable otc stock have on its future price. Altius Renewable 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, Altius Renewable autocorrelation shows the relationship between Altius Renewable otc stock current value and its past values and can show if there is a momentum factor associated with investing in Altius Renewable Royalties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Altius OTC Stock
Altius Renewable financial ratios help investors to determine whether Altius 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 Altius with respect to the benefits of owning Altius Renewable security.