Arcwest Exploration Stock Market Value
| AWX Stock | CAD 0.07 0.01 7.14% |
| Symbol | ArcWest |
ArcWest Exploration '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 ArcWest Exploration'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 ArcWest Exploration.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in ArcWest Exploration on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding ArcWest Exploration or generate 0.0% return on investment in ArcWest Exploration over 720 days. ArcWest Exploration is related to or competes with Quipt Home, Postmedia Network, Slate Grocery, ISign Media, and Maple Leaf. It primarily has an option to acquire up to 100 percent interest in the Todd Creek property covering an area of 36,000 h... More
ArcWest Exploration 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 ArcWest Exploration'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 ArcWest Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 36.4 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 12.5 |
ArcWest Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ArcWest Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ArcWest Exploration's standard deviation. In reality, there are many statistical measures that can use ArcWest Exploration historical prices to predict the future ArcWest Exploration's volatility.| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.02) |
ArcWest Exploration Backtested Returns
ArcWest Exploration secures Sharpe Ratio (or Efficiency) of -0.0033, which signifies that the company had a -0.0033% return per unit of standard deviation over the last 3 months. ArcWest Exploration exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ArcWest Exploration's risk adjusted performance of 0.0062, and Mean Deviation of 3.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.61, 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, ArcWest Exploration will likely underperform. At this point, ArcWest Exploration has a negative expected return of -0.0197%. Please make sure to confirm ArcWest Exploration's variance, as well as the relationship between the potential upside and day median price , to decide if ArcWest Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
ArcWest Exploration has very weak predictability. Overlapping area represents the amount of predictability between ArcWest Exploration time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 ArcWest Exploration price movement. The serial correlation of 0.18 indicates that over 18.0% of current ArcWest Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ArcWest Exploration lagged returns against current returns
Autocorrelation, which is ArcWest Exploration 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 ArcWest Exploration's stock expected returns. We can calculate the autocorrelation of ArcWest Exploration returns to help us make a trade decision. For example, suppose you find that ArcWest Exploration 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 |
ArcWest Exploration 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 ArcWest Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ArcWest Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ArcWest Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
ArcWest Exploration Lagged Returns
When evaluating ArcWest Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ArcWest Exploration stock have on its future price. ArcWest Exploration 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, ArcWest Exploration autocorrelation shows the relationship between ArcWest Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in ArcWest Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ArcWest Stock Analysis
When running ArcWest Exploration's price analysis, check to measure ArcWest Exploration'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 ArcWest Exploration is operating at the current time. Most of ArcWest Exploration's value examination focuses on studying past and present price action to predict the probability of ArcWest Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcWest Exploration's price. Additionally, you may evaluate how the addition of ArcWest Exploration to your portfolios can decrease your overall portfolio volatility.