Auking Mining (Australia) Market Value
| AKN Stock | 0 0 25.00% |
| Symbol | Auking |
Auking 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 Auking Mining's 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 Auking Mining.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Auking Mining on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Auking Mining or generate 0.0% return on investment in Auking Mining over 30 days. Auking Mining is related to or competes with Super Retail, Dexus Convenience, Charter Hall, Flagship Investments, Microequities Asset, and Technology One. Auking Mining is entity of Australia. It is traded as Stock on AU exchange. More
Auking 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 Auking Mining's 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 Auking Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.32 | |||
| Information Ratio | 0.0376 | |||
| Maximum Drawdown | 86.67 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Auking Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auking Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auking Mining's standard deviation. In reality, there are many statistical measures that can use Auking Mining historical prices to predict the future Auking Mining's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.2698 | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | 0.0275 | |||
| Treynor Ratio | 0.154 |
Auking Mining Backtested Returns
Auking Mining appears to be out of control, given 3 months investment horizon. Auking Mining secures Sharpe Ratio (or Efficiency) of 0.0263, which signifies that the company had a 0.0263 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Auking Mining, which you can use to evaluate the volatility of the firm. Please makes use of Auking Mining's Mean Deviation of 8.52, risk adjusted performance of 0.0465, and Downside Deviation of 20.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Auking Mining holds a performance score of 2. The firm shows a Beta (market volatility) of 4.21, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Auking Mining will likely underperform. Please check Auking Mining's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Auking Mining's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Auking Mining has weak reverse predictability. Overlapping area represents the amount of predictability between Auking Mining time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Auking Mining price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Auking Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Auking Mining lagged returns against current returns
Autocorrelation, which is Auking Mining 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 Auking Mining's stock expected returns. We can calculate the autocorrelation of Auking Mining returns to help us make a trade decision. For example, suppose you find that Auking Mining 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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Auking 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 Auking Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auking Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auking Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Auking Mining Lagged Returns
When evaluating Auking Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auking Mining stock have on its future price. Auking 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, Auking Mining autocorrelation shows the relationship between Auking Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Auking Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Auking Stock Analysis
When running Auking Mining's price analysis, check to measure Auking Mining's 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 Auking Mining is operating at the current time. Most of Auking Mining's value examination focuses on studying past and present price action to predict the probability of Auking Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auking Mining's price. Additionally, you may evaluate how the addition of Auking Mining to your portfolios can decrease your overall portfolio volatility.