ALTAIR RES (Germany) Market Value
| 90AA Stock | EUR 0.0005 0.00 0.00% |
| Symbol | ALTAIR |
ALTAIR RES '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 ALTAIR RES'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 ALTAIR RES.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ALTAIR RES on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ALTAIR RES INC or generate 0.0% return on investment in ALTAIR RES over 90 days. ALTAIR RES is related to or competes with Nomad Foods, LG Display, Suntory Beverage, MOLSON COORS, PLAYWAY SA, and ARISTOCRAT LEISURE. Altair Resources Inc. focuses on identifying and evaluating potential mineral interest acquisitions or other business op... More
ALTAIR RES 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 ALTAIR RES'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 ALTAIR RES INC upside and downside potential and time the market with a certain degree of confidence.
ALTAIR RES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTAIR RES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALTAIR RES's standard deviation. In reality, there are many statistical measures that can use ALTAIR RES historical prices to predict the future ALTAIR RES's volatility.ALTAIR RES INC Backtested Returns
We have found three technical indicators for ALTAIR RES INC, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ALTAIR RES are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ALTAIR RES INC has no correlation between past and present. Overlapping area represents the amount of predictability between ALTAIR RES time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ALTAIR RES INC price movement. The serial correlation of 0.0 indicates that just 0.0% of current ALTAIR RES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALTAIR RES INC lagged returns against current returns
Autocorrelation, which is ALTAIR RES 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 ALTAIR RES's stock expected returns. We can calculate the autocorrelation of ALTAIR RES returns to help us make a trade decision. For example, suppose you find that ALTAIR RES 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 |
ALTAIR RES 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 ALTAIR RES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALTAIR RES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALTAIR RES stock over time.
Current vs Lagged Prices |
| Timeline |
ALTAIR RES Lagged Returns
When evaluating ALTAIR RES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALTAIR RES stock have on its future price. ALTAIR RES 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, ALTAIR RES autocorrelation shows the relationship between ALTAIR RES stock current value and its past values and can show if there is a momentum factor associated with investing in ALTAIR RES INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALTAIR Stock
ALTAIR RES financial ratios help investors to determine whether ALTAIR 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 ALTAIR with respect to the benefits of owning ALTAIR RES security.