Accent Resources (Australia) Market Value
| ACS Stock | 0.01 0.00 0.00% |
| Symbol | Accent |
Accent 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 Accent 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 Accent Resources.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Accent Resources on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Accent Resources NL or generate 0.0% return on investment in Accent Resources over 330 days. Accent Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Accent Resources is entity of Australia. It is traded as Stock on AU exchange. More
Accent 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 Accent 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 Accent Resources NL upside and downside potential and time the market with a certain degree of confidence.
Accent Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accent Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accent Resources' standard deviation. In reality, there are many statistical measures that can use Accent Resources historical prices to predict the future Accent Resources' volatility.Accent Resources Backtested Returns
We have found three technical indicators for Accent Resources NL, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Accent Resources are completely uncorrelated.
Auto-correlation | 0.49 |
Average predictability
Accent Resources NL has average predictability. Overlapping area represents the amount of predictability between Accent Resources time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Accent Resources price movement. The serial correlation of 0.49 indicates that about 49.0% of current Accent Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Accent Resources lagged returns against current returns
Autocorrelation, which is Accent 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 Accent Resources' stock expected returns. We can calculate the autocorrelation of Accent Resources returns to help us make a trade decision. For example, suppose you find that Accent 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 |
Accent 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 Accent Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accent Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accent Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Accent Resources Lagged Returns
When evaluating Accent Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accent Resources stock have on its future price. Accent 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, Accent Resources autocorrelation shows the relationship between Accent Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Accent Resources NL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Accent Stock Analysis
When running Accent Resources' price analysis, check to measure Accent 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 Accent Resources is operating at the current time. Most of Accent Resources' value examination focuses on studying past and present price action to predict the probability of Accent Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accent Resources' price. Additionally, you may evaluate how the addition of Accent Resources to your portfolios can decrease your overall portfolio volatility.