Asara Resources (Australia) Market Value
| AS1 Stock | 0.02 0 4.55% |
| Symbol | Asara |
Asara 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 Asara 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 Asara Resources.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Asara Resources on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Asara Resources or generate 0.0% return on investment in Asara Resources over 30 days. Asara Resources is related to or competes with Audio Pixels, Lindian Resources, C29 Metals, Chalice Mining, and Global Masters. Asara Resources is entity of Australia. It is traded as Stock on AU exchange. More
Asara 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 Asara 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 Asara Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.73 | |||
| Information Ratio | 0.1878 | |||
| Maximum Drawdown | 37.54 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Asara Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asara Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asara Resources' standard deviation. In reality, there are many statistical measures that can use Asara Resources historical prices to predict the future Asara Resources' volatility.| Risk Adjusted Performance | 0.1665 | |||
| Jensen Alpha | 1.5 | |||
| Total Risk Alpha | 0.3449 | |||
| Sortino Ratio | 0.1496 | |||
| Treynor Ratio | (2.37) |
Asara Resources Backtested Returns
Asara Resources is out of control given 3 months investment horizon. Asara Resources secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.39% are justified by taking the suggested risk. Use Asara Resources risk adjusted performance of 0.1665, and Mean Deviation of 5.21 to evaluate company specific risk that cannot be diversified away. Asara Resources holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asara Resources are expected to decrease at a much lower rate. During the bear market, Asara Resources is likely to outperform the market. Use Asara Resources market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Asara Resources.
Auto-correlation | -0.48 |
Modest reverse predictability
Asara Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Asara Resources time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Asara Resources price movement. The serial correlation of -0.48 indicates that about 48.0% of current Asara Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asara Resources lagged returns against current returns
Autocorrelation, which is Asara 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 Asara Resources' stock expected returns. We can calculate the autocorrelation of Asara Resources returns to help us make a trade decision. For example, suppose you find that Asara 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 |
Asara 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 Asara Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asara Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asara Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Asara Resources Lagged Returns
When evaluating Asara Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asara Resources stock have on its future price. Asara 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, Asara Resources autocorrelation shows the relationship between Asara Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Asara Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Asara Stock Analysis
When running Asara Resources' price analysis, check to measure Asara 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 Asara Resources is operating at the current time. Most of Asara Resources' value examination focuses on studying past and present price action to predict the probability of Asara Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asara Resources' price. Additionally, you may evaluate how the addition of Asara Resources to your portfolios can decrease your overall portfolio volatility.