Aurum Resources (Australia) Market Value
| AUE Stock | 0.42 0.01 2.44% |
| Symbol | Aurum |
Aurum 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 Aurum 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 Aurum Resources.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Aurum Resources on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Aurum Resources or generate 0.0% return on investment in Aurum Resources over 720 days. Aurum Resources is related to or competes with ARN Media, Pioneer Credit, BSP Financial, Skycity Entertainment, Nova Eye, and Charter Hall. Aurum Resources is entity of Australia. It is traded as Stock on AU exchange. More
Aurum 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 Aurum 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 Aurum Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.35 | |||
| Information Ratio | 0.0631 | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 8.33 |
Aurum Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurum Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurum Resources' standard deviation. In reality, there are many statistical measures that can use Aurum Resources historical prices to predict the future Aurum Resources' volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.2441 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | 0.2836 |
Aurum Resources Backtested Returns
Aurum Resources appears to be out of control, given 3 months investment horizon. Aurum Resources secures Sharpe Ratio (or Efficiency) of 0.0812, which signifies that the company had a 0.0812% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aurum Resources, which you can use to evaluate the volatility of the firm. Please makes use of Aurum Resources' Risk Adjusted Performance of 0.0776, downside deviation of 5.35, and Mean Deviation of 3.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurum Resources holds a performance score of 6. The firm shows a Beta (market volatility) of 1.5, 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, Aurum Resources will likely underperform. Please check Aurum Resources' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Aurum Resources' price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Aurum Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Aurum 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 Aurum Resources price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Aurum Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aurum Resources lagged returns against current returns
Autocorrelation, which is Aurum 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 Aurum Resources' stock expected returns. We can calculate the autocorrelation of Aurum Resources returns to help us make a trade decision. For example, suppose you find that Aurum 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 |
Aurum 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 Aurum Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurum Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurum Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Aurum Resources Lagged Returns
When evaluating Aurum Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurum Resources stock have on its future price. Aurum 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, Aurum Resources autocorrelation shows the relationship between Aurum Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aurum Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Aurum Stock Analysis
When running Aurum Resources' price analysis, check to measure Aurum 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 Aurum Resources is operating at the current time. Most of Aurum Resources' value examination focuses on studying past and present price action to predict the probability of Aurum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurum Resources' price. Additionally, you may evaluate how the addition of Aurum Resources to your portfolios can decrease your overall portfolio volatility.