Aumake (Australia) Market Value
| AUK Stock | 0.01 0.0005 9.09% |
| Symbol | Aumake |
Aumake '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 Aumake'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 Aumake.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Aumake on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Aumake or generate 0.0% return on investment in Aumake over 660 days. Aumake is related to or competes with Readytech Holdings, Ainsworth Game, Ras Technology, Computershare, Richmond Vanadium, and Centuria Industrial. Aumake is entity of Australia. It is traded as Stock on AU exchange. More
Aumake 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 Aumake'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 Aumake upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 52.08 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Aumake Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aumake's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aumake's standard deviation. In reality, there are many statistical measures that can use Aumake historical prices to predict the future Aumake's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.84) | |||
| Treynor Ratio | (0.20) |
Aumake Backtested Returns
Aumake appears to be out of control, given 3 months investment horizon. Aumake secures Sharpe Ratio (or Efficiency) of 0.0226, which signifies that the company had a 0.0226% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Aumake, which you can use to evaluate the volatility of the firm. Please makes use of Aumake's insignificant Risk Adjusted Performance, standard deviation of 10.53, and Mean Deviation of 6.71 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aumake holds a performance score of 1. The firm shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Aumake returns are very sensitive to returns on the market. As the market goes up or down, Aumake is expected to follow. Please check Aumake's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether Aumake's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Aumake has very weak reverse predictability. Overlapping area represents the amount of predictability between Aumake time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Aumake price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Aumake price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aumake lagged returns against current returns
Autocorrelation, which is Aumake 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 Aumake's stock expected returns. We can calculate the autocorrelation of Aumake returns to help us make a trade decision. For example, suppose you find that Aumake 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 |
Aumake 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 Aumake stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aumake stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aumake stock over time.
Current vs Lagged Prices |
| Timeline |
Aumake Lagged Returns
When evaluating Aumake's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aumake stock have on its future price. Aumake 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, Aumake autocorrelation shows the relationship between Aumake stock current value and its past values and can show if there is a momentum factor associated with investing in Aumake.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aumake Stock Analysis
When running Aumake's price analysis, check to measure Aumake'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 Aumake is operating at the current time. Most of Aumake's value examination focuses on studying past and present price action to predict the probability of Aumake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aumake's price. Additionally, you may evaluate how the addition of Aumake to your portfolios can decrease your overall portfolio volatility.