Alderan Resources (Australia) Price on October 15, 2024
| AL8 Stock | 0.03 0 7.14% |
Below is the normalized historical share price chart for Alderan Resources extending back to June 09, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alderan Resources stands at 0.03, as last reported on the 1st of December, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day.
If you're considering investing in Alderan Stock, it is important to understand the factors that can impact its price. Alderan Resources appears to be out of control, given 3 months investment horizon. Alderan Resources secures Sharpe Ratio (or Efficiency) of 0.0798, which signifies that the company had a 0.0798% return per unit of standard deviation over the last 3 months. By analyzing Alderan Resources' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Alderan Resources' risk adjusted performance of 0.054, and Mean Deviation of 6.9 to double-check if our risk estimates are consistent with your expectations.
At this time, Alderan Resources' Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 971.8 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 15.8 M in 2024. . Alderan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0361 | 50 Day MA 0.0325 | Beta 1.084 |
Alderan |
Sharpe Ratio = 0.0798
| Best Portfolio | Best Equity | |||
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| Small Returns | AL8 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 12.31 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.98 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Alderan Resources is performing at about 6% of its full potential. 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 Alderan Resources by adding it to a well-diversified portfolio.
Price Book 1.1914 | Book Value 0.004 | Enterprise Value 5.6 M | Enterprise Value Ebitda (0.40) | Price Sales 135.7569 |
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Alderan Resources Valuation on October 15, 2024
It is possible to determine the worth of Alderan Resources on a given historical date. On October 15, 2024 Alderan was worth 0.035 at the beginning of the trading date compared to the closed value of 0.035. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alderan Resources stock. Still, in general, we apply an absolute valuation method to find Alderan Resources' 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 Alderan Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alderan Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 | |
10/15/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
| 0.03 | 0.04 | 0.03 | 0.04 | 20,254 |
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Alderan Resources Trading Date Momentum on October 15, 2024
| On October 16 2024 Alderan Resources was traded for 0.04 at the closing time. The maximum traded price for the trading interval was 0.04 and the lowest daily price was 0.03 . The daily volume was recorded at 20.3 K. The volume of trading on 16th of October 2024 did not affect price variability. The overall trading delta to the closing price today is 14.29% . |
Alderan Resources Fundamentals Correlations and Trends
By evaluating Alderan Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alderan Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alderan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alderan Resources Stock history
Alderan Resources 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 Alderan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alderan Resources 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 Alderan Resources stock prices may prove useful in developing a viable investing in Alderan Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 925.6 M | 971.8 M | |
| Net Loss | -2.2 M | -2.3 M |
Alderan Resources Stock Technical Analysis
Alderan Resources 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, stock market cycles, or different charting patterns.
Price Boundaries
Alderan Resources Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Alderan Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alderan Resources December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Alderan Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alderan Resources shares will generate the highest return on investment. By undertsting and applying Alderan Resources stock market strength indicators, traders can identify Alderan Resources entry and exit signals to maximize returns
Alderan Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alderan Resources' price direction in advance. Along with the technical and fundamental analysis of Alderan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alderan 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.
| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (1.37) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | (0.17) |
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Additional Tools for Alderan Stock Analysis
When running Alderan Resources' price analysis, check to measure Alderan Resources' 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 Alderan Resources is operating at the current time. Most of Alderan Resources' value examination focuses on studying past and present price action to predict the probability of Alderan Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alderan Resources' price. Additionally, you may evaluate how the addition of Alderan Resources to your portfolios can decrease your overall portfolio volatility.