Altius Minerals Stock Market Value
| ALS Stock | CAD 27.36 0.01 0.04% |
| Symbol | Altius |
Altius Minerals Price To Book Ratio
Altius 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 Altius 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 Altius Minerals.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Altius Minerals on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Altius Minerals or generate 0.0% return on investment in Altius Minerals over 90 days. Altius Minerals is related to or competes with Almaden Minerals, Mirasol Resources, EMX Royalty, Laramide Resources, and Globex Mining. Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States,... More
Altius 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 Altius 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 Altius Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0478 | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.97 |
Altius Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altius Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altius Minerals' standard deviation. In reality, there are many statistical measures that can use Altius Minerals historical prices to predict the future Altius Minerals' volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.2045 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0606 | |||
| Treynor Ratio | 23.11 |
Altius Minerals Backtested Returns
As of now, Altius Stock is very steady. Altius Minerals secures Sharpe Ratio (or Efficiency) of 0.0829, which signifies that the company had a 0.0829 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Altius Minerals, which you can use to evaluate the volatility of the firm. Please confirm Altius Minerals' Risk Adjusted Performance of 0.1325, mean deviation of 1.15, and Downside Deviation of 1.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Altius Minerals has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0089, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altius Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altius Minerals is expected to be smaller as well. Altius Minerals right now shows a risk of 1.49%. Please confirm Altius Minerals semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Altius Minerals will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
Altius Minerals has poor predictability. Overlapping area represents the amount of predictability between Altius Minerals time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 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 Altius Minerals price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Altius Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Altius Minerals lagged returns against current returns
Autocorrelation, which is Altius 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 Altius Minerals' stock expected returns. We can calculate the autocorrelation of Altius Minerals returns to help us make a trade decision. For example, suppose you find that Altius 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 |
| Timeline |
Altius 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 Altius Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altius Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altius Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Altius Minerals Lagged Returns
When evaluating Altius Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altius Minerals stock have on its future price. Altius 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, Altius Minerals autocorrelation shows the relationship between Altius Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Altius Minerals.
Regressed Prices |
| Timeline |
Pair Trading with Altius Minerals
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 Altius Minerals 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Altius Stock
The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals 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 Altius Minerals - 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 Altius Minerals to buy it.
The correlation of Altius Minerals 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals 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 Altius Minerals 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 Altius Stock
Altius Minerals financial ratios help investors to determine whether Altius 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 Altius with respect to the benefits of owning Altius Minerals security.