Archon Stock Market Value
| ARHN Stock | USD 17.40 0.00 0.00% |
| Symbol | Archon |
Archon '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 Archon'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 Archon.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Archon on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Archon or generate 0.0% return on investment in Archon over 60 days. Archon is related to or competes with Century Casinos, Golden Entertainment, Monarch Casino, Red Rock, Las Vegas, MGM Resorts, and Caesars Entertainment. Archon Corporation, through its subsidiary, Pioneer Hotel Inc., engages in the ownership, management, and operation of c... More
Archon 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 Archon'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 Archon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.15 |
Archon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Archon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Archon's standard deviation. In reality, there are many statistical measures that can use Archon historical prices to predict the future Archon's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (22.60) |
Archon Backtested Returns
Archon secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Archon exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Archon's mean deviation of 0.1789, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0028, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Archon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Archon is expected to be smaller as well. At this point, Archon has a negative expected return of -0.0954%. Please make sure to confirm Archon's risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Archon performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Archon has perfect predictability. Overlapping area represents the amount of predictability between Archon time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Archon price movement. The serial correlation of 1.0 indicates that 100.0% of current Archon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Archon lagged returns against current returns
Autocorrelation, which is Archon 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 Archon's pink sheet expected returns. We can calculate the autocorrelation of Archon returns to help us make a trade decision. For example, suppose you find that Archon 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 |
Archon 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 Archon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Archon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Archon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Archon Lagged Returns
When evaluating Archon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Archon pink sheet have on its future price. Archon 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, Archon autocorrelation shows the relationship between Archon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Archon.
Regressed Prices |
| Timeline |
Pair Trading with Archon
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 Archon 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 Archon will appreciate offsetting losses from the drop in the long position's value.Moving against Archon Pink Sheet
| 0.84 | AAC | Ares Acquisition | PairCorr |
| 0.84 | TRCA | Twin Ridge Capital | PairCorr |
| 0.83 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
The ability to find closely correlated positions to Archon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Archon 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 Archon - 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 Archon to buy it.
The correlation of Archon 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 Archon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Archon 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 Archon 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 Archon Pink Sheet
Archon financial ratios help investors to determine whether Archon 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 Archon with respect to the benefits of owning Archon security.