Aurania Resources Stock Market Value
| AUIAF Stock | USD 0.33 0.01 2.94% |
| Symbol | Aurania |
Aurania 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 Aurania 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 Aurania Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aurania Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aurania Resources or generate 0.0% return on investment in Aurania Resources over 30 days. Aurania Resources is related to or competes with Mirasol Resources, and Equity Metals. Aurania Resources Ltd., a junior exploration mining company, engages in the identification, evaluation, acquisition, and... More
Aurania 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 Aurania 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 Aurania Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 40.28 | |||
| Value At Risk | (9.80) | |||
| Potential Upside | 10.26 |
Aurania Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurania Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurania Resources' standard deviation. In reality, there are many statistical measures that can use Aurania Resources historical prices to predict the future Aurania Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | 0.1787 |
Aurania Resources Backtested Returns
Aurania Resources secures Sharpe Ratio (or Efficiency) of -0.0592, which signifies that the company had a -0.0592% return per unit of risk over the last 3 months. Aurania Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurania Resources' Risk Adjusted Performance of (0.03), standard deviation of 6.58, and Mean Deviation of 4.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.82, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Aurania Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Aurania Resources is expected to outperform it. At this point, Aurania Resources has a negative expected return of -0.4%. Please make sure to confirm Aurania Resources' value at risk and the relationship between the kurtosis and market facilitation index , to decide if Aurania Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Aurania Resources has below average predictability. Overlapping area represents the amount of predictability between Aurania Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aurania Resources price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Aurania Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurania Resources lagged returns against current returns
Autocorrelation, which is Aurania 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 Aurania Resources' otc stock expected returns. We can calculate the autocorrelation of Aurania Resources returns to help us make a trade decision. For example, suppose you find that Aurania 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 |
Aurania 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 Aurania Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurania 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 Aurania Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aurania Resources Lagged Returns
When evaluating Aurania Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurania Resources otc stock have on its future price. Aurania 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, Aurania Resources autocorrelation shows the relationship between Aurania Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aurania Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurania OTC Stock
Aurania Resources financial ratios help investors to determine whether Aurania 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 Aurania with respect to the benefits of owning Aurania Resources security.