Atha Energy Corp Stock Market Value
| SASK Stock | 0.70 0.02 2.94% |
| Symbol | Atha |
Atha Energy Corp Price To Book Ratio
Atha Energy '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 Atha Energy'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 Atha Energy.
| 01/22/2024 |
| 01/11/2026 |
If you would invest 0.00 in Atha Energy on January 22, 2024 and sell it all today you would earn a total of 0.00 from holding Atha Energy Corp or generate 0.0% return on investment in Atha Energy over 720 days. Atha Energy is related to or competes with Falcon Oil, Anfield Resources, Mega Uranium, Sintana Energy, Kolibri Global, Hemisphere Energy, and Petrus Resources. Atha Energy is entity of Canada. It is traded as Stock on V exchange. More
Atha Energy 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 Atha Energy'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 Atha Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.48 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 31.57 | |||
| Value At Risk | (9.41) | |||
| Potential Upside | 12.82 |
Atha Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atha Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atha Energy's standard deviation. In reality, there are many statistical measures that can use Atha Energy historical prices to predict the future Atha Energy's volatility.| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0695 |
Atha Energy Corp Backtested Returns
Atha Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0186, which signifies that the company had a -0.0186 % return per unit of standard deviation over the last 3 months. Atha Energy Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atha Energy's risk adjusted performance of 0.0179, and Mean Deviation of 5.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Atha Energy returns are very sensitive to returns on the market. As the market goes up or down, Atha Energy is expected to follow. At this point, Atha Energy Corp has a negative expected return of -0.13%. Please make sure to confirm Atha Energy's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Atha Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Atha Energy Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Atha Energy time series from 22nd of January 2024 to 16th of January 2025 and 16th of January 2025 to 11th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Atha Energy Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Atha Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Atha Energy Corp lagged returns against current returns
Autocorrelation, which is Atha Energy 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 Atha Energy's stock expected returns. We can calculate the autocorrelation of Atha Energy returns to help us make a trade decision. For example, suppose you find that Atha Energy 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 |
Atha Energy 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 Atha Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atha Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atha Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Atha Energy Lagged Returns
When evaluating Atha Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atha Energy stock have on its future price. Atha Energy 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, Atha Energy autocorrelation shows the relationship between Atha Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Atha Energy Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Atha Stock Analysis
When running Atha Energy's price analysis, check to measure Atha Energy'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 Atha Energy is operating at the current time. Most of Atha Energy's value examination focuses on studying past and present price action to predict the probability of Atha Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atha Energy's price. Additionally, you may evaluate how the addition of Atha Energy to your portfolios can decrease your overall portfolio volatility.