Alderan Resources (Australia) Market Value
| AL8 Stock | 0.03 0 7.14% |
| Symbol | Alderan |
Alderan 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 Alderan 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 Alderan Resources.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Alderan Resources on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Alderan Resources or generate 0.0% return on investment in Alderan Resources over 720 days. Alderan Resources is related to or competes with Hansen Technologies, Perseus Mining, Gold Road, Centuria Industrial, and 29Metals. Alderan Resources is entity of Australia More
Alderan 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 Alderan 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 Alderan Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.88 | |||
| Information Ratio | 0.0474 | |||
| Maximum Drawdown | 75.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Alderan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alderan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alderan Resources' standard deviation. In reality, there are many statistical measures that can use Alderan Resources historical prices to predict the future Alderan Resources' volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (1.37) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | (0.17) |
Alderan Resources Backtested Returns
Alderan Resources appears to be out of control, given 3 months investment horizon. Alderan Resources secures Sharpe Ratio (or Efficiency) of 0.0798, which signifies that the company had a 0.0798% return per unit of standard deviation over the last 3 months. By analyzing Alderan Resources' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Alderan Resources' risk adjusted performance of 0.054, and Mean Deviation of 6.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alderan Resources holds a performance score of 6. The firm shows a Beta (market volatility) of -4.2, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Alderan Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Alderan Resources is expected to outperform it. Please check Alderan Resources' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Alderan Resources' price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Alderan Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alderan Resources time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Alderan Resources price movement. The serial correlation of -0.17 indicates that over 17.0% of current Alderan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alderan Resources lagged returns against current returns
Autocorrelation, which is Alderan 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 Alderan Resources' stock expected returns. We can calculate the autocorrelation of Alderan Resources returns to help us make a trade decision. For example, suppose you find that Alderan 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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Alderan 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 Alderan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alderan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alderan Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Alderan Resources Lagged Returns
When evaluating Alderan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alderan Resources stock have on its future price. Alderan 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, Alderan Resources autocorrelation shows the relationship between Alderan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Alderan Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alderan Stock Analysis
When running Alderan Resources' price analysis, check to measure Alderan 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 Alderan Resources is operating at the current time. Most of Alderan Resources' value examination focuses on studying past and present price action to predict the probability of Alderan Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alderan Resources' price. Additionally, you may evaluate how the addition of Alderan Resources to your portfolios can decrease your overall portfolio volatility.