Aztec Minerals Corp Stock Market Value
| AZZTF Stock | USD 0.13 0.01 7.14% |
| Symbol | Aztec |
Aztec 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 Aztec Minerals' 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 Aztec Minerals.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Aztec Minerals on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Aztec Minerals Corp or generate 0.0% return on investment in Aztec Minerals over 60 days. Aztec Minerals is related to or competes with Kenorland Minerals, EMX Royalty, Ivanhoe Mines, Rio Tinto, Lithium Americas, and Prime Mining. Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States More
Aztec 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 Aztec Minerals' 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 Aztec Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.97 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 29.02 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 14.29 |
Aztec Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aztec Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aztec Minerals' standard deviation. In reality, there are many statistical measures that can use Aztec Minerals historical prices to predict the future Aztec Minerals' volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.2698 | |||
| Total Risk Alpha | 0.1472 | |||
| Sortino Ratio | 0.0276 | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aztec Minerals' 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.
Aztec Minerals Corp Backtested Returns
At this point, Aztec Minerals is out of control. Aztec Minerals Corp secures Sharpe Ratio (or Efficiency) of 0.0065, which signifies that the company had a 0.0065% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Aztec Minerals Corp, which you can use to evaluate the volatility of the firm. Please confirm Aztec Minerals' Risk Adjusted Performance of 0.0384, mean deviation of 5.69, and Downside Deviation of 8.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.049%. The firm shows a Beta (market volatility) of -0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aztec Minerals are expected to decrease at a much lower rate. During the bear market, Aztec Minerals is likely to outperform the market. Aztec Minerals Corp right now shows a risk of 7.52%. Please confirm Aztec Minerals Corp value at risk, as well as the relationship between the skewness and day typical price , to decide if Aztec Minerals Corp will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
Aztec Minerals Corp has modest predictability. Overlapping area represents the amount of predictability between Aztec Minerals time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Aztec Minerals Corp price movement. The serial correlation of 0.5 indicates that about 50.0% of current Aztec Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aztec Minerals Corp lagged returns against current returns
Autocorrelation, which is Aztec Minerals 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 Aztec Minerals' otc stock expected returns. We can calculate the autocorrelation of Aztec Minerals returns to help us make a trade decision. For example, suppose you find that Aztec Minerals 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 |
Aztec 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 Aztec Minerals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aztec Minerals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aztec Minerals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aztec Minerals Lagged Returns
When evaluating Aztec Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aztec Minerals otc stock have on its future price. Aztec 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, Aztec Minerals autocorrelation shows the relationship between Aztec Minerals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aztec Minerals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aztec OTC Stock
Aztec Minerals financial ratios help investors to determine whether Aztec 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 Aztec with respect to the benefits of owning Aztec Minerals security.