Ardea Resources Limited Stock Price on November 18, 2024

ARRRF Stock  USD 0.22  0.01  4.76%   
If you're considering investing in Ardea Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Ardea Resources stands at 0.22, as last reported on the 29th of November, with the highest price reaching 0.22 and the lowest price hitting 0.22 during the day. Ardea Resources secures Sharpe Ratio (or Efficiency) of -0.0366, which signifies that the company had a -0.0366% return per unit of standard deviation over the last 3 months. Ardea Resources Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ardea Resources' mean deviation of 2.22, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
  
Ardea Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0366

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Estimated Market Risk

 5.2
  actual daily
46
54% of assets are more volatile

Expected Return

 -0.19
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Ardea Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ardea Resources by adding Ardea Resources to a well-diversified portfolio.

Ardea Resources Valuation on November 18, 2024

It is possible to determine the worth of Ardea Resources on a given historical date. On November 18, 2024 Ardea was worth 0.27 at the beginning of the trading date compared to the closed value of 0.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ardea Resources pink sheet. Still, in general, we apply an absolute valuation method to find Ardea Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ardea Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ardea Resources' related companies.
 Open High Low Close Volume
  0.26    0.27    0.26    0.27    17,000  
11/18/2024
  0.27    0.27    0.27    0.27    1.00  
  0.27    0.27    0.27    0.27    1.00  
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Open Value
0.27
0.27
Closing Value
15.86
Upside

Ardea Resources Trading Date Momentum on November 18, 2024

On November 19 2024 Ardea Resources Limited was traded for  0.27  at the closing time. The highest daily price throughout the period was 0.27  and the lowest price was  0.27 . There was no trading activity during the period 1.0. Lack of trading volume on 11/19/2024 did not affect price variability. The overall trading delta to current closing price is 18.52% .

Ardea Resources Fundamentals Correlations and Trends

By evaluating Ardea Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ardea Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ardea financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ardea Resources Pink Sheet history

Ardea Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ardea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ardea Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ardea Resources stock prices may prove useful in developing a viable investing in Ardea Resources
Ardea Resources Limited engages in the evaluation, exploration, and development of mineral properties in Australia. Ardea Resources Limited was incorporated in 2016 and is based in West Perth, Australia. Ardea Resources operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.

Ardea Resources Pink Sheet Technical Analysis

Ardea Resources technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Ardea Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ardea Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ardea Resources Period Price Range

Low
November 29, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Ardea Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Ardea Resources November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Ardea Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ardea Resources shares will generate the highest return on investment. By undertsting and applying Ardea Resources pink sheet market strength indicators, traders can identify Ardea Resources Limited entry and exit signals to maximize returns

Ardea Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ardea Resources' price direction in advance. Along with the technical and fundamental analysis of Ardea Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ardea to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Ardea Pink Sheet analysis

When running Ardea Resources' price analysis, check to measure Ardea Resources' 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 Ardea Resources is operating at the current time. Most of Ardea Resources' value examination focuses on studying past and present price action to predict the probability of Ardea Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardea Resources' price. Additionally, you may evaluate how the addition of Ardea Resources to your portfolios can decrease your overall portfolio volatility.
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