Ameriwest Lithium Stock Market Value
| AWLIF Stock | USD 0.11 0.01 10.00% |
| Symbol | Ameriwest |
Ameriwest Lithium '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 Ameriwest Lithium's pink sheet 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 Ameriwest Lithium.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Ameriwest Lithium on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ameriwest Lithium or generate 0.0% return on investment in Ameriwest Lithium over 180 days. Ameriwest Lithium is related to or competes with ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Ameriwest Lithium Inc. engages in the acquisition, exploration, and development of natural resources properties in Canad... More
Ameriwest Lithium 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 Ameriwest Lithium's pink sheet 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 Ameriwest Lithium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
Ameriwest Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ameriwest Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ameriwest Lithium's standard deviation. In reality, there are many statistical measures that can use Ameriwest Lithium historical prices to predict the future Ameriwest Lithium's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (0.13) |
Ameriwest Lithium Backtested Returns
Ameriwest Lithium secures Sharpe Ratio (or Efficiency) of -0.0256, which signifies that the company had a -0.0256% return per unit of standard deviation over the last 3 months. Ameriwest Lithium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ameriwest Lithium's risk adjusted performance of (0.01), and Mean Deviation of 4.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ameriwest Lithium will likely underperform. At this point, Ameriwest Lithium has a negative expected return of -0.17%. Please make sure to confirm Ameriwest Lithium's jensen alpha and the relationship between the value at risk and day typical price , to decide if Ameriwest Lithium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Ameriwest Lithium has good predictability. Overlapping area represents the amount of predictability between Ameriwest Lithium time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Ameriwest Lithium price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Ameriwest Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ameriwest Lithium lagged returns against current returns
Autocorrelation, which is Ameriwest Lithium pink sheet'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 Ameriwest Lithium's pink sheet expected returns. We can calculate the autocorrelation of Ameriwest Lithium returns to help us make a trade decision. For example, suppose you find that Ameriwest Lithium has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ameriwest Lithium 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 Ameriwest Lithium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ameriwest Lithium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ameriwest Lithium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ameriwest Lithium Lagged Returns
When evaluating Ameriwest Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ameriwest Lithium pink sheet have on its future price. Ameriwest Lithium 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, Ameriwest Lithium autocorrelation shows the relationship between Ameriwest Lithium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ameriwest Lithium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ameriwest Pink Sheet
Ameriwest Lithium financial ratios help investors to determine whether Ameriwest Pink Sheet 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 Ameriwest with respect to the benefits of owning Ameriwest Lithium security.