Anson Resources (Australia) Market Value
| ASN Stock | 0.07 0 1.47% |
| Symbol | Anson |
Anson 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 Anson 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 Anson Resources.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Anson Resources on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Anson Resources or generate 0.0% return on investment in Anson Resources over 720 days. Anson Resources is related to or competes with Autosports, Champion Iron, Aussie Broadband, Viva Leisure, Mount Gibson, Vulcan Steel, and Aristocrat Leisure. Anson Resources is entity of Australia. It is traded as Stock on AU exchange. More
Anson 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 Anson 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 Anson Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 32.58 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 6.06 |
Anson Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anson Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anson Resources' standard deviation. In reality, there are many statistical measures that can use Anson Resources historical prices to predict the future Anson Resources' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (1.45) |
Anson Resources Backtested Returns
Anson Resources secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Anson Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anson Resources' Standard Deviation of 4.37, mean deviation of 2.67, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anson Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Anson Resources is expected to be smaller as well. At this point, Anson Resources has a negative expected return of -0.78%. Please make sure to confirm Anson Resources' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Anson Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Anson Resources has weak predictability. Overlapping area represents the amount of predictability between Anson Resources time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Anson Resources price movement. The serial correlation of 0.23 indicates that over 23.0% of current Anson Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Anson Resources lagged returns against current returns
Autocorrelation, which is Anson 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 Anson Resources' stock expected returns. We can calculate the autocorrelation of Anson Resources returns to help us make a trade decision. For example, suppose you find that Anson 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 |
Anson 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 Anson Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anson Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anson Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Anson Resources Lagged Returns
When evaluating Anson Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anson Resources stock have on its future price. Anson 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, Anson Resources autocorrelation shows the relationship between Anson Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Anson Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Anson Stock Analysis
When running Anson Resources' price analysis, check to measure Anson 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 Anson Resources is operating at the current time. Most of Anson Resources' value examination focuses on studying past and present price action to predict the probability of Anson Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anson Resources' price. Additionally, you may evaluate how the addition of Anson Resources to your portfolios can decrease your overall portfolio volatility.