Aston Bay Holdings Stock Market Value
| BAY Stock | CAD 0.07 0.01 7.69% |
| Symbol | Aston |
Aston Bay Holdings Price To Book Ratio
Aston Bay '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 Aston Bay'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 Aston Bay.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aston Bay on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aston Bay Holdings or generate 0.0% return on investment in Aston Bay over 30 days. Aston Bay is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Aston Bay Holdings Ltd., an exploration stage company, acquires, explores, and develops mineral properties in North Amer... More
Aston Bay 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 Aston Bay'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 Aston Bay Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 27.55 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 9.09 |
Aston Bay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aston Bay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aston Bay's standard deviation. In reality, there are many statistical measures that can use Aston Bay historical prices to predict the future Aston Bay's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (0.85) |
Aston Bay Holdings Backtested Returns
Aston Bay Holdings 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. Aston Bay Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aston Bay's Risk Adjusted Performance of (0.11), mean deviation of 3.66, and Standard Deviation of 5.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Aston Bay returns are very sensitive to returns on the market. As the market goes up or down, Aston Bay is expected to follow. At this point, Aston Bay Holdings has a negative expected return of -0.84%. Please make sure to confirm Aston Bay's skewness, as well as the relationship between the day median price and relative strength index , to decide if Aston Bay Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Aston Bay Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Aston Bay time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Aston Bay Holdings price movement. The serial correlation of -0.24 indicates that over 24.0% of current Aston Bay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aston Bay Holdings lagged returns against current returns
Autocorrelation, which is Aston Bay 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 Aston Bay's stock expected returns. We can calculate the autocorrelation of Aston Bay returns to help us make a trade decision. For example, suppose you find that Aston Bay 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 |
Aston Bay 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 Aston Bay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aston Bay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aston Bay stock over time.
Current vs Lagged Prices |
| Timeline |
Aston Bay Lagged Returns
When evaluating Aston Bay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aston Bay stock have on its future price. Aston Bay 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, Aston Bay autocorrelation shows the relationship between Aston Bay stock current value and its past values and can show if there is a momentum factor associated with investing in Aston Bay Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Aston Stock Analysis
When running Aston Bay's price analysis, check to measure Aston Bay'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 Aston Bay is operating at the current time. Most of Aston Bay's value examination focuses on studying past and present price action to predict the probability of Aston Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aston Bay's price. Additionally, you may evaluate how the addition of Aston Bay to your portfolios can decrease your overall portfolio volatility.