Aurwest Resources Stock Market Value
| AURWF Stock | USD 0.01 0.00 0.00% |
| Symbol | Aurwest |
Aurwest 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 Aurwest Resources' pink sheet 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 Aurwest Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aurwest Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aurwest Resources or generate 0.0% return on investment in Aurwest Resources over 30 days. Aurwest Resources is related to or competes with Red Moon, Metals X, Filo Mining, Alphamin Resources, Adriatic Metals, Aftermath Silver, and Eskay Mining. Aurwest Resources Corporation, a junior resource company, engages in the acquisition, exploration, and evaluation of min... More
Aurwest 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 Aurwest Resources' pink sheet 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 Aurwest Resources upside and downside potential and time the market with a certain degree of confidence.
Aurwest Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurwest Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurwest Resources' standard deviation. In reality, there are many statistical measures that can use Aurwest Resources historical prices to predict the future Aurwest Resources' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurwest Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aurwest Resources Backtested Returns
We have found three technical indicators for Aurwest Resources, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Aurwest Resources are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Aurwest Resources has perfect predictability. Overlapping area represents the amount of predictability between Aurwest Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Aurwest Resources price movement. The serial correlation of 1.0 indicates that 100.0% of current Aurwest Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurwest Resources lagged returns against current returns
Autocorrelation, which is Aurwest Resources pink sheet'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 Aurwest Resources' pink sheet expected returns. We can calculate the autocorrelation of Aurwest Resources returns to help us make a trade decision. For example, suppose you find that Aurwest Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Aurwest 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 Aurwest Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurwest Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurwest Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aurwest Resources Lagged Returns
When evaluating Aurwest Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurwest Resources pink sheet have on its future price. Aurwest 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, Aurwest Resources autocorrelation shows the relationship between Aurwest Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aurwest Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurwest Pink Sheet
Aurwest Resources financial ratios help investors to determine whether Aurwest Pink Sheet 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 Aurwest with respect to the benefits of owning Aurwest Resources security.