Aston Minerals Stock Market Value
| WMNNF Stock | USD 0.01 0.00 0.00% |
| Symbol | Aston |
Aston Minerals '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 Minerals' pink sheet 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 Minerals.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Aston Minerals on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aston Minerals or generate 0.0% return on investment in Aston Minerals over 180 days. Aston Minerals is related to or competes with Eminent Gold. Aston Minerals Limited engages in the acquisition, exploration, and evaluation of mineral properties in Canada, Australi... More
Aston Minerals 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 Minerals' pink sheet 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 Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.079 | |||
| Maximum Drawdown | 125.0 |
Aston Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aston Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aston Minerals' standard deviation. In reality, there are many statistical measures that can use Aston Minerals historical prices to predict the future Aston Minerals' volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 1.51 |
Aston Minerals Backtested Returns
Aston Minerals is out of control given 3 months investment horizon. Aston Minerals secures Sharpe Ratio (or Efficiency) of 0.0906, which signifies that the company had a 0.0906% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Aston Minerals Mean Deviation of 3.0, standard deviation of 12.73, and Risk Adjusted Performance of 0.0778 to evaluate company specific risk that cannot be diversified away. Aston Minerals holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aston Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aston Minerals is expected to be smaller as well. Use Aston Minerals variance, as well as the relationship between the skewness and day typical price , to analyze future returns on Aston Minerals.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Aston Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aston Minerals time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Minerals price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Aston Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aston Minerals lagged returns against current returns
Autocorrelation, which is Aston Minerals pink sheet'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 Minerals' pink sheet expected returns. We can calculate the autocorrelation of Aston Minerals returns to help us make a trade decision. For example, suppose you find that Aston Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Aston Minerals 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 Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aston Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aston Minerals pink sheet over time.
Current vs Lagged Prices |
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Aston Minerals Lagged Returns
When evaluating Aston Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aston Minerals pink sheet have on its future price. Aston Minerals 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 Minerals autocorrelation shows the relationship between Aston Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aston Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aston Pink Sheet
Aston Minerals financial ratios help investors to determine whether Aston Pink Sheet 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 Aston with respect to the benefits of owning Aston Minerals security.