Alx Resources Corp Stock Market Value
| ALXEF Stock | USD 0.02 0 7.69% |
| Symbol | ALX |
ALX 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 ALX 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 ALX Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ALX Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ALX Resources Corp or generate 0.0% return on investment in ALX Resources over 30 days. ALX Resources is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. ALX Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
ALX 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 ALX 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 ALX Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.04 | |||
| Information Ratio | 0.091 | |||
| Maximum Drawdown | 78.64 | |||
| Value At Risk | (15.64) | |||
| Potential Upside | 22.52 |
ALX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALX Resources' standard deviation. In reality, there are many statistical measures that can use ALX Resources historical prices to predict the future ALX Resources' volatility.| Risk Adjusted Performance | 0.0874 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | (4.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ALX 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.
ALX Resources Corp Backtested Returns
ALX Resources is out of control given 3 months investment horizon. ALX Resources Corp secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of volatility over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use ALX Resources mean deviation of 8.36, and Risk Adjusted Performance of 0.0874 to evaluate company specific risk that cannot be diversified away. ALX Resources holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALX Resources are expected to decrease at a much lower rate. During the bear market, ALX Resources is likely to outperform the market. Use ALX Resources value at risk and the relationship between the expected short fall and market facilitation index , to analyze future returns on ALX Resources.
Auto-correlation | 0.49 |
Average predictability
ALX Resources Corp has average predictability. Overlapping area represents the amount of predictability between ALX Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 ALX Resources Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current ALX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALX Resources Corp lagged returns against current returns
Autocorrelation, which is ALX 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 ALX Resources' pink sheet expected returns. We can calculate the autocorrelation of ALX Resources returns to help us make a trade decision. For example, suppose you find that ALX 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 |
ALX 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 ALX Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALX 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 ALX Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ALX Resources Lagged Returns
When evaluating ALX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALX Resources pink sheet have on its future price. ALX 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, ALX Resources autocorrelation shows the relationship between ALX Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ALX Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALX Pink Sheet
ALX Resources financial ratios help investors to determine whether ALX 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 ALX with respect to the benefits of owning ALX Resources security.