Amarc Resources Stock Market Value
| AXREF Stock | USD 0.14 0.01 7.69% |
| Symbol | Amarc |
Amarc 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 Amarc Resources' otc 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 Amarc Resources.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Amarc Resources on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Amarc Resources or generate 0.0% return on investment in Amarc Resources over 30 days. Amarc Resources is related to or competes with Pampa Metals, Progressive Planet, Adriatic Metals, Aurelia Metals, American Helium, and Mundoro Capital. Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Amarc 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 Amarc Resources' otc 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 Amarc Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.91 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 32.47 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 10.0 |
Amarc Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amarc Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amarc Resources' standard deviation. In reality, there are many statistical measures that can use Amarc Resources historical prices to predict the future Amarc Resources' volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.7215 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | (2.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amarc 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.
Amarc Resources Backtested Returns
Amarc Resources appears to be out of control, given 3 months investment horizon. Amarc Resources secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Amarc Resources' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Amarc Resources' risk adjusted performance of 0.0947, and Mean Deviation of 4.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amarc Resources holds a performance score of 9. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Amarc Resources are expected to decrease at a much lower rate. During the bear market, Amarc Resources is likely to outperform the market. Please check Amarc Resources' value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Amarc Resources' price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Amarc Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amarc Resources time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Amarc Resources price movement. The serial correlation of -0.73 indicates that around 73.0% of current Amarc Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Amarc Resources lagged returns against current returns
Autocorrelation, which is Amarc Resources otc 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 Amarc Resources' otc stock expected returns. We can calculate the autocorrelation of Amarc Resources returns to help us make a trade decision. For example, suppose you find that Amarc Resources has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Amarc 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 Amarc Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amarc Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amarc Resources otc stock over time.
Current vs Lagged Prices |
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Amarc Resources Lagged Returns
When evaluating Amarc Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amarc Resources otc stock have on its future price. Amarc 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, Amarc Resources autocorrelation shows the relationship between Amarc Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Amarc Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Amarc OTC Stock
Amarc Resources financial ratios help investors to determine whether Amarc OTC Stock 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 Amarc with respect to the benefits of owning Amarc Resources security.