Aldebaran Resources Stock Market Value
| ADBRF Stock | USD 1.60 0.07 4.58% |
| Symbol | Aldebaran |
Aldebaran 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 Aldebaran Resources' 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 Aldebaran Resources.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aldebaran Resources on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aldebaran Resources or generate 0.0% return on investment in Aldebaran Resources over 90 days. Aldebaran Resources is related to or competes with Aurelia Metals, Adriatic Metals, American Helium, Progressive Planet, and Almonty Industries. Aldebaran Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Arg... More
Aldebaran 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 Aldebaran Resources' 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 Aldebaran Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.241 | |||
| Maximum Drawdown | 23.85 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 9.09 |
Aldebaran Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aldebaran Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aldebaran Resources' standard deviation. In reality, there are many statistical measures that can use Aldebaran Resources historical prices to predict the future Aldebaran Resources' volatility.| Risk Adjusted Performance | 0.2144 | |||
| Jensen Alpha | 1.21 | |||
| Total Risk Alpha | 0.5022 | |||
| Sortino Ratio | 0.2965 | |||
| Treynor Ratio | 9.2 |
Aldebaran Resources Backtested Returns
Aldebaran Resources is dangerous given 3 months investment horizon. Aldebaran Resources secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of standard deviation over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.33% are justified by taking the suggested risk. Use Aldebaran Resources risk adjusted performance of 0.2144, and Mean Deviation of 3.2 to evaluate company specific risk that cannot be diversified away. Aldebaran Resources holds a performance score of 22 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aldebaran Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aldebaran Resources is expected to be smaller as well. Use Aldebaran Resources potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on Aldebaran Resources.
Auto-correlation | 0.85 |
Very good predictability
Aldebaran Resources has very good predictability. Overlapping area represents the amount of predictability between Aldebaran Resources time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Aldebaran Resources price movement. The serial correlation of 0.85 indicates that around 85.0% of current Aldebaran Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aldebaran Resources lagged returns against current returns
Autocorrelation, which is Aldebaran Resources 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 Aldebaran Resources' otc stock expected returns. We can calculate the autocorrelation of Aldebaran Resources returns to help us make a trade decision. For example, suppose you find that Aldebaran Resources 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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Aldebaran 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 Aldebaran Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aldebaran Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aldebaran Resources otc stock over time.
Current vs Lagged Prices |
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Aldebaran Resources Lagged Returns
When evaluating Aldebaran Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aldebaran Resources otc stock have on its future price. Aldebaran 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, Aldebaran Resources autocorrelation shows the relationship between Aldebaran Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aldebaran Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Aldebaran OTC Stock
Aldebaran Resources financial ratios help investors to determine whether Aldebaran 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 Aldebaran with respect to the benefits of owning Aldebaran Resources security.