Albion Resources (Australia) Market Value
| ALB Stock | 0.04 0.00 0.00% |
| Symbol | Albion |
Albion 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 Albion 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 Albion Resources.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Albion Resources on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Albion Resources Limited or generate 0.0% return on investment in Albion Resources over 180 days. Albion Resources is related to or competes with Homeco Daily, Home Consortium, Red Hill, Cleanaway Waste, Aussie Broadband, Mount Gibson, and Super Retail. Albion Resources is entity of Australia. It is traded as Stock on AU exchange. More
Albion 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 Albion 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 Albion Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.57 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 4.88 |
Albion Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albion Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albion Resources' standard deviation. In reality, there are many statistical measures that can use Albion Resources historical prices to predict the future Albion Resources' volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0211 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3587 |
Albion Resources Backtested Returns
Currently, Albion Resources Limited is out of control. Albion Resources secures Sharpe Ratio (or Efficiency) of 0.0026, which signifies that the company had a 0.0026% return per unit of standard deviation over the last 3 months. We have found twenty-five technical indicators for Albion Resources Limited, which you can use to evaluate the volatility of the firm. Please confirm Albion Resources' mean deviation of 1.24, and Risk Adjusted Performance of 0.0183 to double-check if the risk estimate we provide is consistent with the expected return of 0.0076%. The firm shows a Beta (market volatility) of 0.0884, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Albion Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Albion Resources is expected to be smaller as well. Albion Resources right now shows a risk of 2.97%. Please confirm Albion Resources semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Albion Resources will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Albion Resources Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Albion Resources time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Albion Resources price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Albion Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Albion Resources lagged returns against current returns
Autocorrelation, which is Albion 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 Albion Resources' stock expected returns. We can calculate the autocorrelation of Albion Resources returns to help us make a trade decision. For example, suppose you find that Albion 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 |
Albion 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 Albion Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albion Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albion Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Albion Resources Lagged Returns
When evaluating Albion Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albion Resources stock have on its future price. Albion 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, Albion Resources autocorrelation shows the relationship between Albion Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Albion Resources Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Albion Stock Analysis
When running Albion Resources' price analysis, check to measure Albion 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 Albion Resources is operating at the current time. Most of Albion Resources' value examination focuses on studying past and present price action to predict the probability of Albion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albion Resources' price. Additionally, you may evaluate how the addition of Albion Resources to your portfolios can decrease your overall portfolio volatility.