Antipa Minerals (Australia) Market Value
| AZY Stock | 0.03 0.01 19.35% |
| Symbol | Antipa |
Antipa Minerals '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 Antipa Minerals' 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 Antipa Minerals.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Antipa Minerals on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Antipa Minerals or generate 0.0% return on investment in Antipa Minerals over 30 days. Antipa Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Antipa Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Antipa Minerals 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 Antipa Minerals' 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 Antipa Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.3 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 37.54 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.0 |
Antipa Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Antipa Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Antipa Minerals' standard deviation. In reality, there are many statistical measures that can use Antipa Minerals historical prices to predict the future Antipa Minerals' volatility.| Risk Adjusted Performance | 0.0586 | |||
| Jensen Alpha | 0.4539 | |||
| Total Risk Alpha | 0.2321 | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | (0.35) |
Antipa Minerals Backtested Returns
Antipa Minerals appears to be out of control, given 3 months investment horizon. Antipa Minerals secures Sharpe Ratio (or Efficiency) of 0.0628, which signifies that the company had a 0.0628% return per unit of risk over the last 3 months. We have found thirty technical indicators for Antipa Minerals, which you can use to evaluate the volatility of the firm. Please makes use of Antipa Minerals' Risk Adjusted Performance of 0.0586, mean deviation of 5.44, and Downside Deviation of 8.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Antipa Minerals holds a performance score of 4. The firm shows a Beta (market volatility) of -1.21, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Antipa Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Antipa Minerals is expected to outperform it. Please check Antipa Minerals' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Antipa Minerals' price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Antipa Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Antipa Minerals time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Antipa Minerals price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Antipa Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Antipa Minerals lagged returns against current returns
Autocorrelation, which is Antipa Minerals 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 Antipa Minerals' stock expected returns. We can calculate the autocorrelation of Antipa Minerals returns to help us make a trade decision. For example, suppose you find that Antipa Minerals 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 |
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Antipa Minerals 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 Antipa Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antipa Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antipa Minerals stock over time.
Current vs Lagged Prices |
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Antipa Minerals Lagged Returns
When evaluating Antipa Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Antipa Minerals stock have on its future price. Antipa Minerals 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, Antipa Minerals autocorrelation shows the relationship between Antipa Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Antipa Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Antipa Stock Analysis
When running Antipa Minerals' price analysis, check to measure Antipa Minerals' 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 Antipa Minerals is operating at the current time. Most of Antipa Minerals' value examination focuses on studying past and present price action to predict the probability of Antipa Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antipa Minerals' price. Additionally, you may evaluate how the addition of Antipa Minerals to your portfolios can decrease your overall portfolio volatility.