Ascendant Resources Stock Market Value
| ASDRF Stock | USD 0.03 0 6.67% |
| Symbol | Ascendant |
Ascendant 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 Ascendant Resources' otc 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 Ascendant Resources.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ascendant Resources on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ascendant Resources or generate 0.0% return on investment in Ascendant Resources over 30 days. Ascendant Resources is related to or competes with Adriatic Metals, Aurelia Metals, and Azimut Exploration. Ascendant Resources Inc., a mining company, explores for and develops mineral properties More
Ascendant 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 Ascendant Resources' otc 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 Ascendant Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.73 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Ascendant Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascendant Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ascendant Resources' standard deviation. In reality, there are many statistical measures that can use Ascendant Resources historical prices to predict the future Ascendant Resources' volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | (2.03) |
Ascendant Resources Backtested Returns
Ascendant Resources appears to be out of control, given 3 months investment horizon. Ascendant Resources secures Sharpe Ratio (or Efficiency) of 0.0716, which signifies that the company had a 0.0716% return per unit of standard deviation over the last 3 months. By analyzing Ascendant Resources' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please makes use of Ascendant Resources' risk adjusted performance of 0.0664, and Mean Deviation of 6.92 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ascendant Resources holds a performance score of 5. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ascendant Resources are expected to decrease at a much lower rate. During the bear market, Ascendant Resources is likely to outperform the market. Please check Ascendant Resources' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Ascendant Resources' price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Ascendant Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Ascendant Resources time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Ascendant Resources price movement. The serial correlation of -0.21 indicates that over 21.0% of current Ascendant Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ascendant Resources lagged returns against current returns
Autocorrelation, which is Ascendant Resources otc 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 Ascendant Resources' otc stock expected returns. We can calculate the autocorrelation of Ascendant Resources returns to help us make a trade decision. For example, suppose you find that Ascendant Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
Ascendant 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 Ascendant Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ascendant Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ascendant Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Ascendant Resources Lagged Returns
When evaluating Ascendant Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ascendant Resources otc stock have on its future price. Ascendant 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, Ascendant Resources autocorrelation shows the relationship between Ascendant Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ascendant Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ascendant OTC Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant OTC 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 Ascendant with respect to the benefits of owning Ascendant Resources security.