Alkane Resources Limited Stock Price on October 14, 2024
| ALKEF Stock | USD 0.32 0.01 3.03% |
If you're considering investing in Alkane Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Alkane Resources stands at 0.32, as last reported on the 11th of December 2024, with the highest price reaching 0.32 and the lowest price hitting 0.32 during the day. Alkane Resources appears to be out of control, given 3 months investment horizon. Alkane Resources secures Sharpe Ratio (or Efficiency) of 0.0653, which signifies that the company had a 0.0653% return per unit of risk over the last 3 months. By analyzing Alkane Resources' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Alkane Resources' Mean Deviation of 4.91, downside deviation of 10.82, and Risk Adjusted Performance of 0.0653 to double-check if our risk estimates are consistent with your expectations.
Alkane Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Alkane |
Sharpe Ratio = 0.0653
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Estimated Market Risk
| 8.27 actual daily | 73 73% of assets are less volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Alkane Resources is performing at about 5% 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 Alkane Resources by adding it to a well-diversified portfolio.
Alkane Resources Valuation on October 14, 2024
It is possible to determine the worth of Alkane Resources on a given historical date. On October 14, 2024 Alkane was worth 0.36 at the beginning of the trading date compared to the closed value of 0.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alkane Resources pink sheet. Still, in general, we apply an absolute valuation method to find Alkane 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 Alkane Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alkane Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.27 | 0.27 | 0.27 | 0.27 | 1.00 | |
10/14/2024 | 0.36 | 0.36 | 0.36 | 0.36 | 100.00 |
| 0.30 | 0.30 | 0.30 | 0.30 | 300.00 |
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Alkane Resources Trading Date Momentum on October 14, 2024
| On October 15 2024 Alkane Resources Limited was traded for 0.30 at the closing time. The highest daily price throughout the period was 0.30 and the lowest price was 0.30 . The daily volume was 300. The net trading volume on 10/15/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 16.67% . The overall trading delta to current closing price is 5.56% . |
Alkane Resources Fundamentals Correlations and Trends
By evaluating Alkane 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 Alkane Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alkane financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alkane Resources Pink Sheet history
Alkane 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 Alkane is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alkane 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 Alkane Resources stock prices may prove useful in developing a viable investing in Alkane Resources
Alkane Resources Limited operates as a gold production company in Australia. Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia. Alkane Exploration operates under Gold classification in the United States and is traded on OTC Exchange.
Alkane Resources Pink Sheet Technical Analysis
Alkane Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Alkane Resources Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Alkane Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Alkane Resources December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Alkane Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alkane Resources shares will generate the highest return on investment. By undertsting and applying Alkane Resources pink sheet market strength indicators, traders can identify Alkane Resources Limited entry and exit signals to maximize returns
Alkane Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alkane Resources' price direction in advance. Along with the technical and fundamental analysis of Alkane Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alkane 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 | 0.0653 | |||
| Jensen Alpha | 0.729 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | 0.0486 | |||
| Treynor Ratio | (0.83) |
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| Volume Indicators |
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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