Adyton Resources Corp Stock Market Value
| ADY Stock | CAD 0.17 0.01 5.56% |
| Symbol | Adyton |
Adyton 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 Adyton 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 Adyton Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Adyton Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Adyton Resources Corp or generate 0.0% return on investment in Adyton Resources over 30 days. Adyton Resources is related to or competes with Sangoma Technologies, Canlan Ice, Thunderbird Entertainment, Ocumetics Technology, InPlay Oil, Calian Technologies, and CVW CleanTech. Adyton Resources Corporation focuses on the development of gold and copper resources in Papua New Guinea More
Adyton 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 Adyton 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 Adyton Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.31 | |||
| Information Ratio | 0.1034 | |||
| Maximum Drawdown | 45.1 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 12.5 |
Adyton Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adyton Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adyton Resources' standard deviation. In reality, there are many statistical measures that can use Adyton Resources historical prices to predict the future Adyton Resources' volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.098 | |||
| Treynor Ratio | (1.47) |
Adyton Resources Corp Backtested Returns
Adyton Resources appears to be out of control, given 3 months investment horizon. Adyton Resources Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Adyton Resources' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Adyton Resources' Downside Deviation of 8.31, risk adjusted performance of 0.1015, and Mean Deviation of 5.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adyton Resources holds a performance score of 9. The firm shows a Beta (market volatility) of -0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adyton Resources are expected to decrease at a much lower rate. During the bear market, Adyton Resources is likely to outperform the market. Please check Adyton Resources' potential upside and the relationship between the skewness and period momentum indicator , to make a quick decision on whether Adyton Resources' price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Adyton Resources Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Adyton Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Adyton Resources Corp price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Adyton Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Adyton Resources Corp lagged returns against current returns
Autocorrelation, which is Adyton 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 Adyton Resources' stock expected returns. We can calculate the autocorrelation of Adyton Resources returns to help us make a trade decision. For example, suppose you find that Adyton 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 |
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Adyton 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 Adyton Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adyton Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adyton Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Adyton Resources Lagged Returns
When evaluating Adyton Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adyton Resources stock have on its future price. Adyton 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, Adyton Resources autocorrelation shows the relationship between Adyton Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Adyton Resources Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Adyton Stock Analysis
When running Adyton Resources' price analysis, check to measure Adyton 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 Adyton Resources is operating at the current time. Most of Adyton Resources' value examination focuses on studying past and present price action to predict the probability of Adyton Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adyton Resources' price. Additionally, you may evaluate how the addition of Adyton Resources to your portfolios can decrease your overall portfolio volatility.