Archer Exploration (Australia) Market Value
| AXE Stock | 0.32 0.01 3.23% |
| Symbol | Archer |
Archer 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 Archer 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 Archer Exploration.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Archer Exploration on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Archer Exploration or generate 0.0% return on investment in Archer Exploration over 180 days. Archer Exploration is related to or competes with Aurelia Metals, Readytech Holdings, WiseTech Global, and Carawine Resources. Archer Exploration is entity of Australia More
Archer 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 Archer 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 Archer Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.0501 | |||
| Maximum Drawdown | 29.75 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 18.18 |
Archer Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Archer Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Archer Exploration's standard deviation. In reality, there are many statistical measures that can use Archer Exploration historical prices to predict the future Archer Exploration's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.1088 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0632 | |||
| Treynor Ratio | 0.1649 |
Archer Exploration Backtested Returns
Archer Exploration appears to be out of control, given 3 months investment horizon. Archer Exploration secures Sharpe Ratio (or Efficiency) of 0.0955, which signifies that the company had a 0.0955% return per unit of standard deviation over the last 3 months. By analyzing Archer Exploration's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Archer Exploration's mean deviation of 5.45, and Risk Adjusted Performance of 0.0621 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Archer Exploration holds a performance score of 7. The firm shows a Beta (market volatility) of 2.92, 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, Archer Exploration will likely underperform. Please check Archer Exploration's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Archer Exploration's price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Archer Exploration has very good reverse predictability. Overlapping area represents the amount of predictability between Archer Exploration time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Archer Exploration price movement. The serial correlation of -0.67 indicates that around 67.0% of current Archer Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Archer Exploration lagged returns against current returns
Autocorrelation, which is Archer 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 Archer Exploration's stock expected returns. We can calculate the autocorrelation of Archer Exploration returns to help us make a trade decision. For example, suppose you find that Archer 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 |
Archer 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 Archer Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Archer Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Archer Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Archer Exploration Lagged Returns
When evaluating Archer Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Archer Exploration stock have on its future price. Archer 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, Archer Exploration autocorrelation shows the relationship between Archer Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Archer Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Archer Stock Analysis
When running Archer Exploration's price analysis, check to measure Archer 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 Archer Exploration is operating at the current time. Most of Archer Exploration's value examination focuses on studying past and present price action to predict the probability of Archer 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 Archer Exploration's price. Additionally, you may evaluate how the addition of Archer Exploration to your portfolios can decrease your overall portfolio volatility.