Arizona Gold Silver Stock Market Value
| AZS Stock | CAD 0.44 0.01 2.33% |
| Symbol | Arizona |
Arizona Gold Silver Price To Book Ratio
Arizona 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 Arizona 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 Arizona Gold.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Arizona Gold on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Arizona Gold Silver or generate 0.0% return on investment in Arizona Gold over 720 days. Arizona Gold is related to or competes with Dolly Varden, Reyna Silver, Aztec Minerals, Aftermath Silver, and Silver One. Arizona Silver Exploration Inc. engages in the acquisition and exploration of mineral properties More
Arizona 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 Arizona 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 Arizona Gold Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.26 | |||
| Information Ratio | 0.0999 | |||
| Maximum Drawdown | 17.95 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
Arizona Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arizona Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arizona Gold's standard deviation. In reality, there are many statistical measures that can use Arizona Gold historical prices to predict the future Arizona Gold's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.3815 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | 0.5695 |
Arizona Gold Silver Backtested Returns
Arizona Gold appears to be abnormally volatile, given 3 months investment horizon. Arizona Gold Silver secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Arizona Gold's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Arizona Gold's Downside Deviation of 4.26, risk adjusted performance of 0.1132, and Mean Deviation of 2.77 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arizona Gold holds a performance score of 12. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Arizona Gold returns are very sensitive to returns on the market. As the market goes up or down, Arizona Gold is expected to follow. Please check Arizona Gold's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Arizona Gold's price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Arizona Gold Silver has very weak reverse predictability. Overlapping area represents the amount of predictability between Arizona Gold time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th of November 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 Arizona Gold Silver price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Arizona Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Arizona Gold Silver lagged returns against current returns
Autocorrelation, which is Arizona 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 Arizona Gold's stock expected returns. We can calculate the autocorrelation of Arizona Gold returns to help us make a trade decision. For example, suppose you find that Arizona 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 |
Arizona 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 Arizona Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arizona Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arizona Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Arizona Gold Lagged Returns
When evaluating Arizona Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arizona Gold stock have on its future price. Arizona 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, Arizona Gold autocorrelation shows the relationship between Arizona Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Arizona Gold Silver.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Arizona Stock Analysis
When running Arizona Gold's price analysis, check to measure Arizona Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arizona Gold is operating at the current time. Most of Arizona Gold's value examination focuses on studying past and present price action to predict the probability of Arizona Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arizona Gold's price. Additionally, you may evaluate how the addition of Arizona Gold to your portfolios can decrease your overall portfolio volatility.