Ascot Resources Stock Market Value
| AOT Stock | CAD 0.22 0.01 4.35% |
| Symbol | Ascot |
Ascot Resources Price To Book Ratio
Ascot 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 Ascot 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 Ascot Resources.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ascot Resources on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ascot Resources or generate 0.0% return on investment in Ascot Resources over 660 days. Ascot Resources is related to or competes with Aya Gold, Gatos Silver, Bird Construction, NeXGold Mining, Partners Value, Bip Investment, and Diversified Royalty. Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada More
Ascot 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 Ascot 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 Ascot Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 56.82 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 14.29 |
Ascot Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascot Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ascot Resources' standard deviation. In reality, there are many statistical measures that can use Ascot Resources historical prices to predict the future Ascot Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (2.40) | |||
| Treynor Ratio | (0.62) |
Ascot Resources Backtested Returns
Ascot Resources secures Sharpe Ratio (or Efficiency) of -0.0542, which signifies that the company had a -0.0542% return per unit of standard deviation over the last 3 months. Ascot Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ascot Resources' risk adjusted performance of (0.04), and Mean Deviation of 6.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Ascot Resources returns are very sensitive to returns on the market. As the market goes up or down, Ascot Resources is expected to follow. At this point, Ascot Resources has a negative expected return of -0.58%. Please make sure to confirm Ascot Resources' standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if Ascot Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Ascot Resources has good predictability. Overlapping area represents the amount of predictability between Ascot Resources time series from 9th of February 2023 to 5th of January 2024 and 5th of January 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 Ascot Resources price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Ascot Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ascot Resources lagged returns against current returns
Autocorrelation, which is Ascot 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 Ascot Resources' stock expected returns. We can calculate the autocorrelation of Ascot Resources returns to help us make a trade decision. For example, suppose you find that Ascot 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 |
Ascot 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 Ascot Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ascot Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ascot Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Ascot Resources Lagged Returns
When evaluating Ascot Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ascot Resources stock have on its future price. Ascot 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, Ascot Resources autocorrelation shows the relationship between Ascot Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Ascot Resources.
Regressed Prices |
| Timeline |
Pair Trading with Ascot Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ascot Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ascot Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Ascot Stock
| 0.51 | VZ | Verizon Communications | PairCorr |
| 0.4 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
| 0.35 | FDY | Faraday Copper Corp | PairCorr |
| 0.34 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.34 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Ascot Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascot Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ascot Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ascot Resources to buy it.
The correlation of Ascot Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ascot Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascot Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ascot Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Ascot Stock
Ascot Resources financial ratios help investors to determine whether Ascot 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 Ascot with respect to the benefits of owning Ascot Resources security.