Arc Resources Stock Market Value
| ARX Stock | CAD 25.77 0.95 3.56% |
| Symbol | ARC |
ARC Resources Price To Book Ratio
ARC 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 ARC 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 ARC Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ARC Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ARC Resources or generate 0.0% return on investment in ARC Resources over 30 days. ARC Resources is related to or competes with Yangarra Resources, IShares Canadian, Altagas Cum, European Residential, RBC Discount, IShares SPTSX, and Eminent Gold. ARC Resources Ltd. explores, develops, and produces crude oil, natural gas, and natural gas liquids in Canada More
ARC 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 ARC 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 ARC Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0048 | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.41 |
ARC Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ARC Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARC Resources' standard deviation. In reality, there are many statistical measures that can use ARC Resources historical prices to predict the future ARC Resources' volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.1245 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0055 | |||
| Treynor Ratio | 3.47 |
ARC Resources Backtested Returns
As of now, ARC Stock is very steady. ARC Resources retains Efficiency (Sharpe Ratio) of 0.0374, which signifies that the company had a 0.0374% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ARC Resources, which you can use to evaluate the volatility of the firm. Please confirm ARC Resources' coefficient of variation of 1535.84, and Market Risk Adjusted Performance of 3.48 to double-check if the risk estimate we provide is consistent with the expected return of 0.0836%. ARC Resources has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0371, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ARC Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding ARC Resources is expected to be smaller as well. ARC Resources at this time owns a risk of 2.23%. Please confirm ARC Resources value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if ARC Resources will be following its current price history.
Auto-correlation | 0.34 |
Below average predictability
ARC Resources has below average predictability. Overlapping area represents the amount of predictability between ARC Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 ARC Resources price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current ARC Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
ARC Resources lagged returns against current returns
Autocorrelation, which is ARC 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 ARC Resources' stock expected returns. We can calculate the autocorrelation of ARC Resources returns to help us make a trade decision. For example, suppose you find that ARC 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 |
ARC 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 ARC Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARC Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARC Resources stock over time.
Current vs Lagged Prices |
| Timeline |
ARC Resources Lagged Returns
When evaluating ARC Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARC Resources stock have on its future price. ARC 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, ARC Resources autocorrelation shows the relationship between ARC Resources stock current value and its past values and can show if there is a momentum factor associated with investing in ARC Resources.
Regressed Prices |
| Timeline |
Pair Trading with ARC Resources
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 ARC Resources 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 ARC Resources will appreciate offsetting losses from the drop in the long position's value.Moving against ARC Stock
The ability to find closely correlated positions to ARC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARC Resources 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 ARC Resources - 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 ARC Resources to buy it.
The correlation of ARC Resources 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 ARC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARC Resources 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 ARC Resources 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 ARC Stock
ARC Resources financial ratios help investors to determine whether ARC 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 ARC with respect to the benefits of owning ARC Resources security.