Aclara Resources Stock Market Value
| ARA Stock | 0.41 0.02 4.65% |
| Symbol | Aclara |
Aclara Resources Price To Book Ratio
Aclara 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 Aclara 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 Aclara Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aclara Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aclara Resources or generate 0.0% return on investment in Aclara Resources over 30 days. Aclara Resources is related to or competes with Goldshore Resources. Aclara Resources is entity of Canada. It is traded as Stock on TO exchange. More
Aclara 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 Aclara 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 Aclara Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 26.2 | |||
| Value At Risk | (6.52) | |||
| Potential Upside | 6.12 |
Aclara Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aclara Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aclara Resources' standard deviation. In reality, there are many statistical measures that can use Aclara Resources historical prices to predict the future Aclara Resources' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 1.16 |
Aclara Resources Backtested Returns
Aclara Resources secures Sharpe Ratio (or Efficiency) of -0.0669, which signifies that the company had a -0.0669% return per unit of risk over the last 3 months. Aclara Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aclara Resources' Mean Deviation of 2.56, standard deviation of 3.73, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aclara Resources are expected to decrease at a much lower rate. During the bear market, Aclara Resources is likely to outperform the market. At this point, Aclara Resources has a negative expected return of -0.25%. Please make sure to confirm Aclara Resources' treynor ratio, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Aclara Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Aclara Resources has below average predictability. Overlapping area represents the amount of predictability between Aclara 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 Aclara Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Aclara Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aclara Resources lagged returns against current returns
Autocorrelation, which is Aclara 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 Aclara Resources' stock expected returns. We can calculate the autocorrelation of Aclara Resources returns to help us make a trade decision. For example, suppose you find that Aclara 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 |
Aclara 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 Aclara Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aclara Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aclara Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Aclara Resources Lagged Returns
When evaluating Aclara Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aclara Resources stock have on its future price. Aclara 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, Aclara Resources autocorrelation shows the relationship between Aclara Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aclara Resources.
Regressed Prices |
| Timeline |
Other Information on Investing in Aclara Stock
Aclara Resources financial ratios help investors to determine whether Aclara 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 Aclara with respect to the benefits of owning Aclara Resources security.