Akita Drilling Stock Market Value
| AKTAF Stock | USD 1.13 0.01 0.88% |
| Symbol | AKITA |
AKITA Drilling '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 AKITA Drilling'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 AKITA Drilling.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in AKITA Drilling on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding AKITA Drilling or generate 0.0% return on investment in AKITA Drilling over 30 days. AKITA Drilling is related to or competes with Cathedral Energy, Vantage Drilling, Seadrill, Noble Plc, Borr Drilling, and Archer. AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States More
AKITA Drilling 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 AKITA Drilling'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 AKITA Drilling upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.59 |
AKITA Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AKITA Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AKITA Drilling's standard deviation. In reality, there are many statistical measures that can use AKITA Drilling historical prices to predict the future AKITA Drilling's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
AKITA Drilling Backtested Returns
AKITA Drilling secures Sharpe Ratio (or Efficiency) of -0.0126, which signifies that the company had a -0.0126 % return per unit of return volatility over the last 3 months. AKITA Drilling exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AKITA Drilling's Risk Adjusted Performance of 0.0108, mean deviation of 1.09, and Semi Deviation of 1.33 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AKITA Drilling are expected to decrease at a much lower rate. During the bear market, AKITA Drilling is likely to outperform the market. At this point, AKITA Drilling has a negative expected return of -0.0186%. Please make sure to confirm AKITA Drilling's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if AKITA Drilling performance from the past will be repeated in the future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
AKITA Drilling has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AKITA Drilling time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 AKITA Drilling price movement. The serial correlation of -0.78 indicates that around 78.0% of current AKITA Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AKITA Drilling lagged returns against current returns
Autocorrelation, which is AKITA Drilling 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 AKITA Drilling's pink sheet expected returns. We can calculate the autocorrelation of AKITA Drilling returns to help us make a trade decision. For example, suppose you find that AKITA Drilling 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 |
AKITA Drilling 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 AKITA Drilling pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AKITA Drilling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AKITA Drilling pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AKITA Drilling Lagged Returns
When evaluating AKITA Drilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AKITA Drilling pink sheet have on its future price. AKITA Drilling 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, AKITA Drilling autocorrelation shows the relationship between AKITA Drilling pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AKITA Drilling.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AKITA Pink Sheet
AKITA Drilling financial ratios help investors to determine whether AKITA 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 AKITA with respect to the benefits of owning AKITA Drilling security.