Alkane Resources Limited Stock Market Value
| ALKEF Stock | USD 0.31 0.04 11.43% |
| Symbol | Alkane |
Alkane 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 Alkane Resources' 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 Alkane Resources.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Alkane Resources on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Alkane Resources Limited or generate 0.0% return on investment in Alkane Resources over 570 days. Alkane Resources is related to or competes with Ucore Rare. Alkane Resources Limited operates as a gold production company in Australia More
Alkane 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 Alkane Resources' 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 Alkane Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.19 | |||
| Information Ratio | 0.0174 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (12.90) | |||
| Potential Upside | 16.67 |
Alkane Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkane Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkane Resources' standard deviation. In reality, there are many statistical measures that can use Alkane Resources historical prices to predict the future Alkane Resources' volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.2767 | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | 0.0125 | |||
| Treynor Ratio | (3.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alkane 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.
Alkane Resources Backtested Returns
Alkane Resources appears to be out of control, given 3 months investment horizon. Alkane Resources secures Sharpe Ratio (or Efficiency) of 0.0735, which signifies that the company had a 0.0735% return per unit of risk over the last 3 months. By analyzing Alkane Resources' technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Alkane Resources' Mean Deviation of 4.9, downside deviation of 12.19, and Risk Adjusted Performance of 0.0334 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alkane Resources holds a performance score of 5. The firm shows a Beta (market volatility) of -0.0787, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alkane Resources are expected to decrease at a much lower rate. During the bear market, Alkane Resources is likely to outperform the market. Please check Alkane Resources' information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Alkane Resources' price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Alkane Resources Limited has average predictability. Overlapping area represents the amount of predictability between Alkane Resources time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Alkane Resources price movement. The serial correlation of 0.47 indicates that about 47.0% of current Alkane Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alkane Resources lagged returns against current returns
Autocorrelation, which is Alkane Resources 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 Alkane Resources' pink sheet expected returns. We can calculate the autocorrelation of Alkane Resources returns to help us make a trade decision. For example, suppose you find that Alkane Resources 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 |
Alkane 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 Alkane Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkane Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkane Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Alkane Resources Lagged Returns
When evaluating Alkane Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkane Resources pink sheet have on its future price. Alkane 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, Alkane Resources autocorrelation shows the relationship between Alkane Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alkane Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Alkane Pink Sheet
Alkane Resources financial ratios help investors to determine whether Alkane 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 Alkane with respect to the benefits of owning Alkane Resources security.