Aduro Clean Technologies Stock Market Value
| ACTHF Stock | USD 5.55 0.02 0.36% |
| Symbol | Aduro |
Aduro Clean '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 Aduro Clean's otc 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 Aduro Clean.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aduro Clean on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aduro Clean Technologies or generate 0.0% return on investment in Aduro Clean over 30 days. Aduro Clean is related to or competes with TOMI Environmental, Zurn Elkay, Purecycle Technologies, Energy Recovery, Federal Signal, Bion Environmental, and Euro Tech. Aduro Clean Technologies Inc. develops water-based chemical recycling technologies that transform waste plastics, heavy ... More
Aduro Clean 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 Aduro Clean's otc 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 Aduro Clean Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.0259 | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (6.03) | |||
| Potential Upside | 7.01 |
Aduro Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aduro Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aduro Clean's standard deviation. In reality, there are many statistical measures that can use Aduro Clean historical prices to predict the future Aduro Clean's volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.3869 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0302 | |||
| Treynor Ratio | (0.15) |
Aduro Clean Technologies Backtested Returns
Aduro Clean appears to be relatively risky, given 3 months investment horizon. Aduro Clean Technologies secures Sharpe Ratio (or Efficiency) of 0.0935, which signifies that the company had a 0.0935% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aduro Clean Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Aduro Clean's Risk Adjusted Performance of 0.052, downside deviation of 3.41, and Mean Deviation of 2.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aduro Clean holds a performance score of 7. The firm shows a Beta (market volatility) of -1.46, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Aduro Clean are expected to decrease by larger amounts. On the other hand, during market turmoil, Aduro Clean is expected to outperform it. Please check Aduro Clean's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Aduro Clean's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Aduro Clean Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Aduro Clean time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Aduro Clean Technologies price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Aduro Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Aduro Clean Technologies lagged returns against current returns
Autocorrelation, which is Aduro Clean otc 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 Aduro Clean's otc stock expected returns. We can calculate the autocorrelation of Aduro Clean returns to help us make a trade decision. For example, suppose you find that Aduro Clean has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Aduro Clean 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 Aduro Clean otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aduro Clean otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aduro Clean otc stock over time.
Current vs Lagged Prices |
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Aduro Clean Lagged Returns
When evaluating Aduro Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aduro Clean otc stock have on its future price. Aduro Clean 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, Aduro Clean autocorrelation shows the relationship between Aduro Clean otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aduro Clean Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aduro OTC Stock
Aduro Clean financial ratios help investors to determine whether Aduro OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aduro with respect to the benefits of owning Aduro Clean security.