Aruma Resources (Australia) Market Value
| AAJ Stock | 0.01 0 6.25% |
| Symbol | Aruma |
Aruma Resources '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 Aruma Resources' 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 Aruma Resources.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aruma Resources on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aruma Resources or generate 0.0% return on investment in Aruma Resources over 180 days. Aruma Resources is related to or competes with Richmond Vanadium, G8 Education, Step One, Janison Education, and Gold Road. Aruma Resources is entity of Australia. It is traded as Stock on AU exchange. More
Aruma Resources 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 Aruma Resources' 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 Aruma Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.61 | |||
| Information Ratio | 0.032 | |||
| Maximum Drawdown | 90.97 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Aruma Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aruma Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aruma Resources' standard deviation. In reality, there are many statistical measures that can use Aruma Resources historical prices to predict the future Aruma Resources' volatility.| Risk Adjusted Performance | 0.043 | |||
| Jensen Alpha | 0.4065 | |||
| Total Risk Alpha | (1.24) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.9378 |
Aruma Resources Backtested Returns
Aruma Resources appears to be out of control, given 3 months investment horizon. Aruma Resources secures Sharpe Ratio (or Efficiency) of 0.0443, which signifies that the company had a 0.0443% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aruma Resources, which you can use to evaluate the volatility of the firm. Please makes use of Aruma Resources' Mean Deviation of 5.7, risk adjusted performance of 0.043, and Downside Deviation of 9.61 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aruma Resources holds a performance score of 3. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aruma Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aruma Resources is expected to be smaller as well. Please check Aruma Resources' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Aruma Resources' price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Aruma Resources has very weak predictability. Overlapping area represents the amount of predictability between Aruma Resources time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aruma Resources price movement. The serial correlation of 0.17 indicates that over 17.0% of current Aruma Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aruma Resources lagged returns against current returns
Autocorrelation, which is Aruma Resources 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 Aruma Resources' stock expected returns. We can calculate the autocorrelation of Aruma Resources returns to help us make a trade decision. For example, suppose you find that Aruma Resources 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 |
Aruma Resources 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 Aruma Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aruma Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aruma Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Aruma Resources Lagged Returns
When evaluating Aruma Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aruma Resources stock have on its future price. Aruma Resources 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, Aruma Resources autocorrelation shows the relationship between Aruma Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aruma Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aruma Stock Analysis
When running Aruma Resources' price analysis, check to measure Aruma 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 Aruma Resources is operating at the current time. Most of Aruma Resources' value examination focuses on studying past and present price action to predict the probability of Aruma Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aruma Resources' price. Additionally, you may evaluate how the addition of Aruma Resources to your portfolios can decrease your overall portfolio volatility.