Ardea Resources Limited Stock Market Value
| ARRRF Stock | USD 0.23 0.01 4.17% |
| Symbol | Ardea |
Ardea 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 Ardea Resources' 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 Ardea Resources.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Ardea Resources on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Ardea Resources Limited or generate 0.0% return on investment in Ardea Resources over 30 days. Ardea Resources is related to or competes with Adriatic Metals, Aurelia Metals, and Azimut Exploration. Ardea Resources Limited engages in the evaluation, exploration, and development of mineral properties in Australia More
Ardea 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 Ardea Resources' 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 Ardea Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.9 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.53 |
Ardea Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ardea Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ardea Resources' standard deviation. In reality, there are many statistical measures that can use Ardea Resources historical prices to predict the future Ardea Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2643 |
Ardea Resources Backtested Returns
Ardea Resources secures Sharpe Ratio (or Efficiency) of -0.0186, which signifies that the company had a -0.0186 % return per unit of standard deviation over the last 3 months. Ardea Resources Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ardea Resources' mean deviation of 3.4, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ardea Resources are expected to decrease at a much lower rate. During the bear market, Ardea Resources is likely to outperform the market. At this point, Ardea Resources has a negative expected return of -0.11%. Please make sure to confirm Ardea Resources' information ratio and the relationship between the maximum drawdown and price action indicator , to decide if Ardea Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Ardea Resources Limited has below average predictability. Overlapping area represents the amount of predictability between Ardea Resources time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ardea Resources price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ardea Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ardea Resources lagged returns against current returns
Autocorrelation, which is Ardea Resources 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 Ardea Resources' pink sheet expected returns. We can calculate the autocorrelation of Ardea Resources returns to help us make a trade decision. For example, suppose you find that Ardea Resources 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 |
Ardea 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 Ardea Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ardea Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ardea Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ardea Resources Lagged Returns
When evaluating Ardea Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ardea Resources pink sheet have on its future price. Ardea 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, Ardea Resources autocorrelation shows the relationship between Ardea Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ardea Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ardea Pink Sheet
Ardea Resources financial ratios help investors to determine whether Ardea 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 Ardea with respect to the benefits of owning Ardea Resources security.