Aya Gold Silver Stock Market Value
| AYA Stock | CAD 12.70 0.83 6.99% |
| Symbol | Aya |
Aya Gold Silver Price To Book Ratio
Aya Gold '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 Aya Gold'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 Aya Gold.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Aya Gold on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Aya Gold Silver or generate 0.0% return on investment in Aya Gold over 30 days. Aya Gold is related to or competes with GoGold Resources, AbraSilver Resource, Santacruz Silv, and Defiance Silver. Amaya Inc. offer technologybased solutions and services to the global gaming and interactive entertainment industries. More
Aya Gold 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 Aya Gold'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 Aya Gold Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0113 | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.56 |
Aya Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aya Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aya Gold's standard deviation. In reality, there are many statistical measures that can use Aya Gold historical prices to predict the future Aya Gold's volatility.| Risk Adjusted Performance | 0.0167 | |||
| Jensen Alpha | 0.0301 | |||
| Total Risk Alpha | 0.0537 | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | 0.0633 |
Aya Gold Silver Backtested Returns
Aya Gold Silver secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. Aya Gold Silver exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aya Gold's risk adjusted performance of 0.0167, and Mean Deviation of 2.4 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aya Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aya Gold is expected to be smaller as well. At this point, Aya Gold Silver has a negative expected return of -0.0175%. Please make sure to confirm Aya Gold's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Aya Gold Silver performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Aya Gold Silver has poor predictability. Overlapping area represents the amount of predictability between Aya Gold time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Aya Gold Silver price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Aya Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Aya Gold Silver lagged returns against current returns
Autocorrelation, which is Aya Gold 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 Aya Gold's stock expected returns. We can calculate the autocorrelation of Aya Gold returns to help us make a trade decision. For example, suppose you find that Aya Gold 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 |
Aya Gold 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 Aya Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aya Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aya Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Aya Gold Lagged Returns
When evaluating Aya Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aya Gold stock have on its future price. Aya Gold 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, Aya Gold autocorrelation shows the relationship between Aya Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Aya Gold Silver.
Regressed Prices |
| Timeline |
Pair Trading with Aya Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aya Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aya Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Aya Stock
Moving against Aya Stock
| 0.62 | GOOG | Alphabet CDR | PairCorr |
| 0.59 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.55 | SOU | Southern Energy Corp | PairCorr |
| 0.45 | FDR | Flinders Resources | PairCorr |
| 0.4 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Aya Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aya Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aya Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aya Gold Silver to buy it.
The correlation of Aya Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aya Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aya Gold Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aya Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Aya Stock
Aya Gold financial ratios help investors to determine whether Aya 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 Aya with respect to the benefits of owning Aya Gold security.