Asiamet Resources (UK) Market Value
| ARS Stock | 0.60 0.03 5.26% |
| Symbol | Asiamet |
Asiamet 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 Asiamet 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 Asiamet Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Asiamet Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Asiamet Resources Limited or generate 0.0% return on investment in Asiamet Resources over 30 days. Asiamet Resources is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. Asiamet Resources is entity of United Kingdom More
Asiamet 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 Asiamet 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 Asiamet Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 2.94 |
Asiamet Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asiamet Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asiamet Resources' standard deviation. In reality, there are many statistical measures that can use Asiamet Resources historical prices to predict the future Asiamet Resources' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 213.61 |
Asiamet Resources Backtested Returns
Asiamet Resources secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Asiamet Resources Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asiamet Resources' Mean Deviation of 1.61, standard deviation of 2.48, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0022, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asiamet Resources are expected to decrease at a much lower rate. During the bear market, Asiamet Resources is likely to outperform the market. At this point, Asiamet Resources has a negative expected return of -0.46%. Please make sure to confirm Asiamet Resources' kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Asiamet Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Asiamet Resources Limited has poor predictability. Overlapping area represents the amount of predictability between Asiamet Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Asiamet Resources price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Asiamet Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asiamet Resources lagged returns against current returns
Autocorrelation, which is Asiamet 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 Asiamet Resources' stock expected returns. We can calculate the autocorrelation of Asiamet Resources returns to help us make a trade decision. For example, suppose you find that Asiamet 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 |
Asiamet 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 Asiamet Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asiamet Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asiamet Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Asiamet Resources Lagged Returns
When evaluating Asiamet Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asiamet Resources stock have on its future price. Asiamet 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, Asiamet Resources autocorrelation shows the relationship between Asiamet Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Asiamet Resources Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Asiamet Stock
Asiamet Resources financial ratios help investors to determine whether Asiamet 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 Asiamet with respect to the benefits of owning Asiamet Resources security.