Alchemy Resources (Australia) Market Value
ALY Stock | 0.01 0.00 0.00% |
Symbol | Alchemy |
Alchemy 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 Alchemy 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 Alchemy Resources.
12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Alchemy Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Alchemy Resources or generate 0.0% return on investment in Alchemy Resources over 720 days. Alchemy Resources is related to or competes with Hotel Property. Alchemy Resources is entity of Australia More
Alchemy 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 Alchemy 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 Alchemy Resources upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 12.82 | |||
Information Ratio | 0.0328 | |||
Maximum Drawdown | 47.62 | |||
Value At Risk | (12.50) | |||
Potential Upside | 16.67 |
Alchemy Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchemy Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alchemy Resources' standard deviation. In reality, there are many statistical measures that can use Alchemy Resources historical prices to predict the future Alchemy Resources' volatility.Risk Adjusted Performance | 0.0477 | |||
Jensen Alpha | 0.5105 | |||
Total Risk Alpha | (0.91) | |||
Sortino Ratio | 0.0198 | |||
Treynor Ratio | (0.37) |
Alchemy Resources Backtested Returns
Alchemy Resources appears to be out of control, given 3 months investment horizon. Alchemy Resources secures Sharpe Ratio (or Efficiency) of 0.0668, which signifies that the company had a 0.0668% return per unit of standard deviation over the last 3 months. By analyzing Alchemy Resources' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Alchemy Resources' mean deviation of 3.91, and Risk Adjusted Performance of 0.0477 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alchemy Resources holds a performance score of 5. The firm shows a Beta (market volatility) of -1.02, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Alchemy Resources are expected to decrease slowly. On the other hand, during market turmoil, Alchemy Resources is expected to outperform it slightly. Please check Alchemy Resources' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Alchemy Resources' price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Alchemy Resources has good predictability. Overlapping area represents the amount of predictability between Alchemy Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Alchemy Resources price movement. The serial correlation of 0.67 indicates that around 67.0% of current Alchemy Resources price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.67 | |
Spearman Rank Test | 0.41 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Alchemy Resources lagged returns against current returns
Autocorrelation, which is Alchemy 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 Alchemy Resources' stock expected returns. We can calculate the autocorrelation of Alchemy Resources returns to help us make a trade decision. For example, suppose you find that Alchemy 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 |
Alchemy 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 Alchemy Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alchemy Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alchemy Resources stock over time.
Current vs Lagged Prices |
Timeline |
Alchemy Resources Lagged Returns
When evaluating Alchemy Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alchemy Resources stock have on its future price. Alchemy 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, Alchemy Resources autocorrelation shows the relationship between Alchemy Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Alchemy Resources.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Alchemy Stock Analysis
When running Alchemy Resources' price analysis, check to measure Alchemy 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 Alchemy Resources is operating at the current time. Most of Alchemy Resources' value examination focuses on studying past and present price action to predict the probability of Alchemy Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alchemy Resources' price. Additionally, you may evaluate how the addition of Alchemy Resources to your portfolios can decrease your overall portfolio volatility.