Aldebaran Resources Stock Market Value
| ALDE Stock | CAD 2.20 0.07 3.29% |
| Symbol | Aldebaran |
Aldebaran Resources Price To Book Ratio
Aldebaran 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 Aldebaran 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 Aldebaran Resources.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aldebaran Resources on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Aldebaran Resources or generate 0.0% return on investment in Aldebaran Resources over 180 days. Aldebaran Resources is related to or competes with Regulus Resources, Filo Mining, and Marimaca Copper. Aldebaran Resources Inc. focuses on acquisition, exploration, and evaluation of mineral properties in Argentina More
Aldebaran 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 Aldebaran 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 Aldebaran Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.2709 | |||
| Maximum Drawdown | 23.9 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 8.0 |
Aldebaran Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aldebaran Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aldebaran Resources' standard deviation. In reality, there are many statistical measures that can use Aldebaran Resources historical prices to predict the future Aldebaran Resources' volatility.| Risk Adjusted Performance | 0.2408 | |||
| Jensen Alpha | 0.9389 | |||
| Total Risk Alpha | 0.5552 | |||
| Sortino Ratio | 0.39 | |||
| Treynor Ratio | 0.5235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aldebaran Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aldebaran Resources Backtested Returns
Aldebaran Resources is very risky given 3 months investment horizon. Aldebaran Resources secures Sharpe Ratio (or Efficiency) of 0.36, which signifies that the company had a 0.36% return per unit of standard deviation over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.45% are justified by taking the suggested risk. Use Aldebaran Resources mean deviation of 3.19, and Risk Adjusted Performance of 0.2408 to evaluate company specific risk that cannot be diversified away. Aldebaran Resources holds a performance score of 28 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.37, 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, Aldebaran Resources will likely underperform. Use Aldebaran Resources mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Aldebaran Resources.
Auto-correlation | -0.34 |
Poor reverse predictability
Aldebaran Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Aldebaran Resources time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Aldebaran Resources price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Aldebaran Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Aldebaran Resources lagged returns against current returns
Autocorrelation, which is Aldebaran 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 Aldebaran Resources' stock expected returns. We can calculate the autocorrelation of Aldebaran Resources returns to help us make a trade decision. For example, suppose you find that Aldebaran 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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Aldebaran 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 Aldebaran Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aldebaran Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aldebaran Resources stock over time.
Current vs Lagged Prices |
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Aldebaran Resources Lagged Returns
When evaluating Aldebaran Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aldebaran Resources stock have on its future price. Aldebaran 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, Aldebaran Resources autocorrelation shows the relationship between Aldebaran Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aldebaran Resources.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Aldebaran Stock Analysis
When running Aldebaran Resources' price analysis, check to measure Aldebaran 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 Aldebaran Resources is operating at the current time. Most of Aldebaran Resources' value examination focuses on studying past and present price action to predict the probability of Aldebaran Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldebaran Resources' price. Additionally, you may evaluate how the addition of Aldebaran Resources to your portfolios can decrease your overall portfolio volatility.