Aeon Metals (Australia) Market Value
| AML Stock | 0.01 0.00 0.00% |
| Symbol | Aeon |
Aeon Metals '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 Aeon Metals' 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 Aeon Metals.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Aeon Metals on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Aeon Metals or generate 0.0% return on investment in Aeon Metals over 360 days. Aeon Metals is related to or competes with Evolution Mining, Bluescope Steel, Perseus Mining, Champion Iron, Perpetual Credit, and Talisman Mining. Aeon Metals is entity of Australia. It is traded as Stock on AU exchange. More
Aeon Metals 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 Aeon Metals' 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 Aeon Metals upside and downside potential and time the market with a certain degree of confidence.
Aeon Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aeon Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aeon Metals' standard deviation. In reality, there are many statistical measures that can use Aeon Metals historical prices to predict the future Aeon Metals' volatility.Aeon Metals Backtested Returns
We have found three technical indicators for Aeon Metals, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Aeon Metals are completely uncorrelated.
Auto-correlation | 0.66 |
Good predictability
Aeon Metals has good predictability. Overlapping area represents the amount of predictability between Aeon Metals time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Aeon Metals price movement. The serial correlation of 0.66 indicates that around 66.0% of current Aeon Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aeon Metals lagged returns against current returns
Autocorrelation, which is Aeon Metals 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 Aeon Metals' stock expected returns. We can calculate the autocorrelation of Aeon Metals returns to help us make a trade decision. For example, suppose you find that Aeon Metals 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 |
Aeon Metals 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 Aeon Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aeon Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aeon Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Aeon Metals Lagged Returns
When evaluating Aeon Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aeon Metals stock have on its future price. Aeon Metals 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, Aeon Metals autocorrelation shows the relationship between Aeon Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Aeon Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aeon Stock Analysis
When running Aeon Metals' price analysis, check to measure Aeon Metals' 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 Aeon Metals is operating at the current time. Most of Aeon Metals' value examination focuses on studying past and present price action to predict the probability of Aeon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aeon Metals' price. Additionally, you may evaluate how the addition of Aeon Metals to your portfolios can decrease your overall portfolio volatility.