Artemis Resources Stock Market Value
| ARTTF Stock | USD 0.01 0 37.50% |
| Symbol | Artemis |
Artemis 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 Artemis 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 Artemis Resources.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Artemis Resources on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Artemis Resources or generate 0.0% return on investment in Artemis Resources over 60 days. Artemis Resources is related to or competes with Mundoro Capital. Artemis Resources Limited engages in the exploration and development of mineral properties More
Artemis 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 Artemis 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 Artemis Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 38.66 | |||
| Information Ratio | 0.0681 | |||
| Maximum Drawdown | 251.1 | |||
| Value At Risk | (35.90) | |||
| Potential Upside | 31.91 |
Artemis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artemis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artemis Resources' standard deviation. In reality, there are many statistical measures that can use Artemis Resources historical prices to predict the future Artemis Resources' volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 2.68 | |||
| Total Risk Alpha | (2.59) | |||
| Sortino Ratio | 0.0548 | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Artemis Resources' 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.
Artemis Resources Backtested Returns
Artemis Resources is out of control given 3 months investment horizon. Artemis Resources secures Sharpe Ratio (or Efficiency) of 0.0733, which signifies that the company had a 0.0733% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.32% are justified by taking the suggested risk. Use Artemis Resources Risk Adjusted Performance of 0.065, mean deviation of 13.9, and Downside Deviation of 38.66 to evaluate company specific risk that cannot be diversified away. Artemis Resources holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.71, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Artemis Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Artemis Resources is expected to outperform it. Use Artemis Resources value at risk, as well as the relationship between the skewness and day typical price , to analyze future returns on Artemis Resources.
Auto-correlation | 0.23 |
Weak predictability
Artemis Resources has weak predictability. Overlapping area represents the amount of predictability between Artemis Resources time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Artemis Resources price movement. The serial correlation of 0.23 indicates that over 23.0% of current Artemis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Artemis Resources lagged returns against current returns
Autocorrelation, which is Artemis 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 Artemis Resources' pink sheet expected returns. We can calculate the autocorrelation of Artemis Resources returns to help us make a trade decision. For example, suppose you find that Artemis 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 |
Artemis 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 Artemis Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artemis 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 Artemis Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Artemis Resources Lagged Returns
When evaluating Artemis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artemis Resources pink sheet have on its future price. Artemis 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, Artemis Resources autocorrelation shows the relationship between Artemis Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Artemis Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Artemis Pink Sheet
Artemis Resources financial ratios help investors to determine whether Artemis 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 Artemis with respect to the benefits of owning Artemis Resources security.