Aurion Resources Stock Market Value
| AIRRF Stock | USD 0.40 0.02 5.26% |
| Symbol | Aurion |
Aurion 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 Aurion 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 Aurion Resources.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Aurion Resources on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Aurion Resources or generate 0.0% return on investment in Aurion Resources over 720 days. Aurion Resources is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Aurion Resources Ltd., an exploration company, acquires, explores for, and evaluates mineral properties in Finland, Swed... More
Aurion 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 Aurion 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 Aurion Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.14 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 5.13 |
Aurion Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurion Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurion Resources' standard deviation. In reality, there are many statistical measures that can use Aurion Resources historical prices to predict the future Aurion Resources' volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | 0.0311 | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0497 |
Aurion Resources Backtested Returns
At this point, Aurion Resources is out of control. Aurion Resources secures Sharpe Ratio (or Efficiency) of 0.0283, which signifies that the company had a 0.0283% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Aurion Resources, which you can use to evaluate the volatility of the firm. Please confirm Aurion Resources' Risk Adjusted Performance of 0.0027, mean deviation of 2.34, and Standard Deviation of 3.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.0927%. Aurion Resources has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aurion Resources are expected to decrease at a much lower rate. During the bear market, Aurion Resources is likely to outperform the market. Aurion Resources right now shows a risk of 3.27%. Please confirm Aurion Resources potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Aurion Resources will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Aurion Resources has very weak predictability. Overlapping area represents the amount of predictability between Aurion Resources time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Aurion Resources price movement. The serial correlation of 0.19 indicates that over 19.0% of current Aurion Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurion Resources lagged returns against current returns
Autocorrelation, which is Aurion 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 Aurion Resources' otc stock expected returns. We can calculate the autocorrelation of Aurion Resources returns to help us make a trade decision. For example, suppose you find that Aurion 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 |
| Timeline |
Aurion 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 Aurion Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurion 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 Aurion Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aurion Resources Lagged Returns
When evaluating Aurion Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurion Resources otc stock have on its future price. Aurion 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, Aurion Resources autocorrelation shows the relationship between Aurion Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aurion Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurion OTC Stock
Aurion Resources financial ratios help investors to determine whether Aurion 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 Aurion with respect to the benefits of owning Aurion Resources security.