Astra Exploration Stock Market Value
| ASTR Stock | 0.58 0.02 3.33% |
| Symbol | Astra |
Astra Exploration Price To Book Ratio
Astra Exploration '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 Astra Exploration's 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 Astra Exploration.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Astra Exploration on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Astra Exploration or generate 0.0% return on investment in Astra Exploration over 570 days. Astra Exploration is related to or competes with Thunder Mountain, Sonoro Gold, Eastern Platinum, Silver Mountain, and P2 Gold. Astra Exploration is entity of Canada. It is traded as Stock on V exchange. More
Astra Exploration 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 Astra Exploration's 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 Astra Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.33 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 11.94 |
Astra Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astra Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astra Exploration's standard deviation. In reality, there are many statistical measures that can use Astra Exploration historical prices to predict the future Astra Exploration's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.1) |
Astra Exploration Backtested Returns
Astra Exploration secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Astra Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astra Exploration's Standard Deviation of 5.31, risk adjusted performance of (0.01), and Mean Deviation of 3.9 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.51, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astra Exploration will likely underperform. At this point, Astra Exploration has a negative expected return of -0.0183%. Please make sure to confirm Astra Exploration's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Astra Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Astra Exploration has average predictability. Overlapping area represents the amount of predictability between Astra Exploration time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Astra Exploration price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Astra Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Astra Exploration lagged returns against current returns
Autocorrelation, which is Astra Exploration 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 Astra Exploration's stock expected returns. We can calculate the autocorrelation of Astra Exploration returns to help us make a trade decision. For example, suppose you find that Astra Exploration 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 |
Astra Exploration 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 Astra Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astra Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astra Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Astra Exploration Lagged Returns
When evaluating Astra Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astra Exploration stock have on its future price. Astra Exploration 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, Astra Exploration autocorrelation shows the relationship between Astra Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Astra Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Astra Stock Analysis
When running Astra Exploration's price analysis, check to measure Astra Exploration's 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 Astra Exploration is operating at the current time. Most of Astra Exploration's value examination focuses on studying past and present price action to predict the probability of Astra Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Exploration's price. Additionally, you may evaluate how the addition of Astra Exploration to your portfolios can decrease your overall portfolio volatility.