Anson Resources Limited Stock Market Value
| ANSNF Stock | USD 0.05 0 7.00% |
| Symbol | Anson |
Anson 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 Anson Resources' otc 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 Anson Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Anson Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Anson Resources Limited or generate 0.0% return on investment in Anson Resources over 30 days. Anson Resources is related to or competes with South Star, and Mundoro Capital. Anson Resources Limited engages in the acquisition, exploration, and development of mineral resources in the United Stat... More
Anson 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 Anson Resources' otc 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 Anson Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 51.84 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 13.64 |
Anson Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anson Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anson Resources' standard deviation. In reality, there are many statistical measures that can use Anson Resources historical prices to predict the future Anson Resources' volatility.| Risk Adjusted Performance | (0.0003) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | (0.10) |
Anson Resources Backtested Returns
Anson Resources secures Sharpe Ratio (or Efficiency) of -0.0293, which signifies that the company had a -0.0293% return per unit of risk over the last 3 months. Anson Resources Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anson Resources' Mean Deviation of 3.17, risk adjusted performance of (0.0003), and Standard Deviation of 7.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.0, which signifies possible diversification benefits within a given portfolio. Anson Resources returns are very sensitive to returns on the market. As the market goes up or down, Anson Resources is expected to follow. At this point, Anson Resources has a negative expected return of -0.23%. Please make sure to confirm Anson Resources' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Anson Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Anson Resources Limited has modest predictability. Overlapping area represents the amount of predictability between Anson Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Anson Resources price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Anson Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Anson Resources lagged returns against current returns
Autocorrelation, which is Anson Resources otc 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 Anson Resources' otc stock expected returns. We can calculate the autocorrelation of Anson Resources returns to help us make a trade decision. For example, suppose you find that Anson Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Anson 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 Anson Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anson Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anson Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Anson Resources Lagged Returns
When evaluating Anson Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anson Resources otc stock have on its future price. Anson 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, Anson Resources autocorrelation shows the relationship between Anson Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Anson Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anson OTC Stock
Anson Resources financial ratios help investors to determine whether Anson OTC Stock 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 Anson with respect to the benefits of owning Anson Resources security.