Ardiden Limited Stock Market Value
| ARDDF Stock | USD 0.09 0.00 0.00% |
| Symbol | Ardiden |
Ardiden '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 Ardiden's pink sheet 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 Ardiden.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Ardiden on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Ardiden Limited or generate 0.0% return on investment in Ardiden over 720 days. Ardiden is related to or competes with South Star, and Mundoro Capital. Ardiden Limited engages in the exploration of mineral properties in Australia and Canada More
Ardiden 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 Ardiden's pink sheet 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 Ardiden Limited upside and downside potential and time the market with a certain degree of confidence.
Ardiden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardiden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ardiden's standard deviation. In reality, there are many statistical measures that can use Ardiden historical prices to predict the future Ardiden's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ardiden's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ardiden Limited Backtested Returns
We have found three technical indicators for Ardiden Limited, 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 Ardiden are completely uncorrelated.
Auto-correlation | -0.27 |
Weak reverse predictability
Ardiden Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Ardiden time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Ardiden Limited price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Ardiden price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ardiden Limited lagged returns against current returns
Autocorrelation, which is Ardiden pink sheet'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 Ardiden's pink sheet expected returns. We can calculate the autocorrelation of Ardiden returns to help us make a trade decision. For example, suppose you find that Ardiden has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ardiden 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 Ardiden pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ardiden pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ardiden pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ardiden Lagged Returns
When evaluating Ardiden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ardiden pink sheet have on its future price. Ardiden 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, Ardiden autocorrelation shows the relationship between Ardiden pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ardiden Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ardiden Pink Sheet
Ardiden financial ratios help investors to determine whether Ardiden Pink Sheet 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 Ardiden with respect to the benefits of owning Ardiden security.