Aurumin (Australia) Market Value
| AUN Stock | 0.06 0 5.26% |
| Symbol | Aurumin |
Aurumin '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 Aurumin'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 Aurumin.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Aurumin on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Aurumin or generate 0.0% return on investment in Aurumin over 360 days. Aurumin is related to or competes with Seven West, TPG Telecom, Super Retail, Credit Clear, and Kkr Credit. Aurumin is entity of Australia. It is traded as Stock on AU exchange. More
Aurumin 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 Aurumin'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 Aurumin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.51 | |||
| Information Ratio | 0.1035 | |||
| Maximum Drawdown | 21.19 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 10.0 |
Aurumin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurumin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurumin's standard deviation. In reality, there are many statistical measures that can use Aurumin historical prices to predict the future Aurumin's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.6419 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1011 | |||
| Treynor Ratio | (1.28) |
Aurumin Backtested Returns
Aurumin appears to be out of control, given 3 months investment horizon. Aurumin secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Aurumin's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Aurumin's Downside Deviation of 4.51, risk adjusted performance of 0.1113, and Mean Deviation of 3.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurumin holds a performance score of 12. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aurumin are expected to decrease at a much lower rate. During the bear market, Aurumin is likely to outperform the market. Please check Aurumin's 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 Aurumin's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Aurumin has modest predictability. Overlapping area represents the amount of predictability between Aurumin time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Aurumin price movement. The serial correlation of 0.55 indicates that about 55.0% of current Aurumin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurumin lagged returns against current returns
Autocorrelation, which is Aurumin 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 Aurumin's stock expected returns. We can calculate the autocorrelation of Aurumin returns to help us make a trade decision. For example, suppose you find that Aurumin 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 |
Aurumin 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 Aurumin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurumin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurumin stock over time.
Current vs Lagged Prices |
| Timeline |
Aurumin Lagged Returns
When evaluating Aurumin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurumin stock have on its future price. Aurumin 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, Aurumin autocorrelation shows the relationship between Aurumin stock current value and its past values and can show if there is a momentum factor associated with investing in Aurumin.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aurumin Stock Analysis
When running Aurumin's price analysis, check to measure Aurumin'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 Aurumin is operating at the current time. Most of Aurumin's value examination focuses on studying past and present price action to predict the probability of Aurumin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurumin's price. Additionally, you may evaluate how the addition of Aurumin to your portfolios can decrease your overall portfolio volatility.