Almaden Minerals Price on December 31, 2023

If you're considering investing in Almaden Stock, it is important to understand the factors that can impact its price. Almaden Minerals secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Almaden Minerals exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Almaden Minerals' Standard Deviation of 1.57, risk adjusted performance of 0.0536, and Mean Deviation of 0.4425 to double-check the risk estimate we provide.
  
Almaden Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1394

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Estimated Market Risk

 15.14
  actual daily
96
96% of assets are less volatile

Expected Return

 -2.11
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.14
  actual daily
0
Most of other assets perform better
Based on monthly moving average Almaden Minerals is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Almaden Minerals by adding Almaden Minerals to a well-diversified portfolio.

Almaden Minerals Valuation on December 31, 2023

It is possible to determine the worth of Almaden Minerals on a given historical date. On December 31, 2023 Almaden was worth 0.14 at the beginning of the trading date compared to the closed value of 0.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Almaden Minerals stock. Still, in general, we apply an absolute valuation method to find Almaden Minerals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Almaden Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Almaden Minerals' related companies.
 Open High Low Close Volume
  0.14    0.15    0.14    0.14    123,810  
12/29/2023
  0.14    0.15    0.14    0.14    249,228  
  0.15    0.15    0.14    0.14    104,520  
Backtest Almaden Minerals  |  Almaden Minerals History  |  Almaden Minerals Valuation   PreviousNext  
Open Value
0.14
0.14
Closing Value
45.56
Upside

Almaden Minerals Trading Date Momentum on December 31, 2023

On January 02 2024 Almaden Minerals was traded for  0.14  at the closing time. Highest Almaden Minerals's price during the trading hours was 0.15  and the lowest price during the day was  0.14 . The net volume was 104.5 K. The overall trading history on the 2nd of January did not affect price variability. The overall trading delta to current price is 7.14% .

Almaden Minerals Fundamentals Correlations and Trends

By evaluating Almaden Minerals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Almaden Minerals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Almaden financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Almaden Minerals Stock history

Almaden Minerals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Almaden is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Almaden Minerals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Almaden Minerals stock prices may prove useful in developing a viable investing in Almaden Minerals
Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral properties. The company was incorporated in 1980 and is headquartered in Vancouver, Canada. Almaden Minerals operates under Gold classification in the United States and is traded on AMEX Exchange. It employs 8 people.

Almaden Minerals Stock Technical Analysis

Almaden Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Almaden Minerals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Almaden Minerals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Almaden Minerals Period Price Range

Low
December 29, 2023
0.00  0.00%
High

 0.14 

     

 0.14 

Almaden Minerals May 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Almaden Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Almaden Minerals shares will generate the highest return on investment. By undertsting and applying Almaden Minerals stock market strength indicators, traders can identify Almaden Minerals entry and exit signals to maximize returns

Almaden Minerals Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Almaden Minerals' price direction in advance. Along with the technical and fundamental analysis of Almaden Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Almaden to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Almaden Minerals information on this page should be used as a complementary analysis to other Almaden Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Other Consideration for investing in Almaden Stock

If you are still planning to invest in Almaden Minerals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Almaden Minerals' history and understand the potential risks before investing.
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