Adex Mining Stock Market Value
| ADXDF Stock | USD 0.01 0.00 0.00% |
| Symbol | Adex |
Adex Mining '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 Adex Mining's pink sheet 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 Adex Mining.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Adex Mining on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Adex Mining or generate 0.0% return on investment in Adex Mining over 360 days. Adex Mining is related to or competes with Aurelia Metals, Adriatic Metals, American Helium, Progressive Planet, Almonty Industries, Amarc Resources, and Pampa Metals. Adex Mining Inc. engages in the exploration and development of mineral properties in Canada More
Adex Mining 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 Adex Mining's pink sheet 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 Adex Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1275 | |||
| Maximum Drawdown | 395.0 |
Adex Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adex Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adex Mining's standard deviation. In reality, there are many statistical measures that can use Adex Mining historical prices to predict the future Adex Mining's volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 7.81 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (3.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adex Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Adex Mining Backtested Returns
Adex Mining is out of control given 3 months investment horizon. Adex Mining secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We were able to break down sixteen different technical indicators, which can help you to evaluate if expected returns of 7.97% are justified by taking the suggested risk. Use Adex Mining risk adjusted performance of 0.1085, and Mean Deviation of 19.08 to evaluate company specific risk that cannot be diversified away. Adex Mining holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.11, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Adex Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Adex Mining is expected to outperform it. Use Adex Mining standard deviation and the relationship between the treynor ratio and day typical price , to analyze future returns on Adex Mining.
Auto-correlation | 0.43 |
Average predictability
Adex Mining has average predictability. Overlapping area represents the amount of predictability between Adex Mining time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Adex Mining price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Adex Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adex Mining lagged returns against current returns
Autocorrelation, which is Adex Mining pink sheet'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 Adex Mining's pink sheet expected returns. We can calculate the autocorrelation of Adex Mining returns to help us make a trade decision. For example, suppose you find that Adex Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Adex Mining 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 Adex Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adex Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adex Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Adex Mining Lagged Returns
When evaluating Adex Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adex Mining pink sheet have on its future price. Adex Mining 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, Adex Mining autocorrelation shows the relationship between Adex Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adex Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Adex Pink Sheet
Adex Mining financial ratios help investors to determine whether Adex Pink Sheet 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 Adex with respect to the benefits of owning Adex Mining security.