Aurania Resources Stock Market Value
| ARU Stock | CAD 0.46 0.03 6.12% |
| Symbol | Aurania |
Aurania Resources Price To Book Ratio
Aurania 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 Aurania 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 Aurania Resources.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Aurania Resources on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Aurania Resources or generate 0.0% return on investment in Aurania Resources over 450 days. Aurania Resources is related to or competes with Primaris Retail, Canso Select, Perseus Mining, Salesforce, and T2 Metals. Aurania Resources Ltd., a junior mineral exploration company, engages in the identification, evaluation, acquisition, an... More
Aurania 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 Aurania 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 Aurania Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 33.39 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 10.61 |
Aurania Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurania Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurania Resources' standard deviation. In reality, there are many statistical measures that can use Aurania Resources historical prices to predict the future Aurania Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (0.46) |
Aurania Resources Backtested Returns
Aurania Resources secures Sharpe Ratio (or Efficiency) of -0.0628, which signifies that the company had a -0.0628% return per unit of risk over the last 3 months. Aurania Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurania Resources' Standard Deviation of 6.38, risk adjusted performance of (0.03), and Mean Deviation of 4.6 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aurania Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aurania Resources is expected to be smaller as well. At this point, Aurania Resources has a negative expected return of -0.4%. Please make sure to confirm Aurania Resources' potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Aurania Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Aurania Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Aurania Resources time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Aurania Resources price movement. The serial correlation of -0.24 indicates that over 24.0% of current Aurania Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Aurania Resources lagged returns against current returns
Autocorrelation, which is Aurania 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 Aurania Resources' stock expected returns. We can calculate the autocorrelation of Aurania Resources returns to help us make a trade decision. For example, suppose you find that Aurania 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 |
Aurania 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 Aurania Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurania Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurania Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Aurania Resources Lagged Returns
When evaluating Aurania Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurania Resources stock have on its future price. Aurania 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, Aurania Resources autocorrelation shows the relationship between Aurania Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aurania Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aurania Stock Analysis
When running Aurania Resources' price analysis, check to measure Aurania Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurania Resources is operating at the current time. Most of Aurania Resources' value examination focuses on studying past and present price action to predict the probability of Aurania Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurania Resources' price. Additionally, you may evaluate how the addition of Aurania Resources to your portfolios can decrease your overall portfolio volatility.