Akora Resources (Australia) Market Value
| AKO Stock | 0.11 0.01 8.33% |
| Symbol | Akora |
Akora 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 Akora 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 Akora Resources.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Akora Resources on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Akora Resources or generate 0.0% return on investment in Akora Resources over 270 days. Akora Resources is related to or competes with TPG Telecom, Embark Education, Westpac Banking, Ainsworth Game, and Kip McGrath. Akora Resources is entity of Australia. It is traded as Stock on AU exchange. More
Akora 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 Akora 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 Akora Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.64 | |||
| Information Ratio | 0.0097 | |||
| Maximum Drawdown | 36.1 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Akora Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akora Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akora Resources' standard deviation. In reality, there are many statistical measures that can use Akora Resources historical prices to predict the future Akora Resources' volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.1404 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 0.4888 |
Akora Resources Backtested Returns
Currently, Akora Resources is out of control. Akora Resources secures Sharpe Ratio (or Efficiency) of 0.0099, which signifies that the company had a 0.0099% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Akora Resources, which you can use to evaluate the volatility of the firm. Please confirm Akora Resources' Mean Deviation of 3.52, downside deviation of 9.64, and Risk Adjusted Performance of 0.0327 to double-check if the risk estimate we provide is consistent with the expected return of 0.0622%. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Akora Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Akora Resources is expected to be smaller as well. Akora Resources right now shows a risk of 6.31%. Please confirm Akora Resources total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Akora Resources will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Akora Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Akora Resources time series from 5th of March 2024 to 18th of July 2024 and 18th of July 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 Akora Resources price movement. The serial correlation of -0.03 indicates that only 3.0% of current Akora Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Akora Resources lagged returns against current returns
Autocorrelation, which is Akora 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 Akora Resources' stock expected returns. We can calculate the autocorrelation of Akora Resources returns to help us make a trade decision. For example, suppose you find that Akora 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 |
| Timeline |
Akora 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 Akora Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akora Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akora Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Akora Resources Lagged Returns
When evaluating Akora Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akora Resources stock have on its future price. Akora 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, Akora Resources autocorrelation shows the relationship between Akora Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Akora Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Akora Stock Analysis
When running Akora Resources' price analysis, check to measure Akora 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 Akora Resources is operating at the current time. Most of Akora Resources' value examination focuses on studying past and present price action to predict the probability of Akora Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akora Resources' price. Additionally, you may evaluate how the addition of Akora Resources to your portfolios can decrease your overall portfolio volatility.