Aben Resources Stock Market Value
| ABNAF Stock | USD 0.06 0.01 19.25% |
| Symbol | Aben |
Aben Resources '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 Aben Resources' 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 Aben Resources.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Aben Resources on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aben Resources or generate 0.0% return on investment in Aben Resources over 90 days. Aben Resources is related to or competes with Angkor Resources. Aben Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties prim... More
Aben Resources 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 Aben Resources' 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 Aben Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.31 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 44.75 | |||
| Value At Risk | (12.04) | |||
| Potential Upside | 15.46 |
Aben Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aben Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aben Resources' standard deviation. In reality, there are many statistical measures that can use Aben Resources historical prices to predict the future Aben Resources' volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.3873 | |||
| Total Risk Alpha | 1.5 | |||
| Sortino Ratio | 0.0409 | |||
| Treynor Ratio | 0.7604 |
Aben Resources Backtested Returns
Aben Resources appears to be out of control, given 3 months investment horizon. Aben Resources secures Sharpe Ratio (or Efficiency) of 0.0855, which signifies that the company had a 0.0855 % return per unit of standard deviation over the last 3 months. By analyzing Aben Resources' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Aben Resources' risk adjusted performance of 0.0473, and Mean Deviation of 3.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aben Resources holds a performance score of 6. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aben Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aben Resources is expected to be smaller as well. Please check Aben Resources' downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether Aben Resources' price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Aben Resources has very weak predictability. Overlapping area represents the amount of predictability between Aben Resources time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th 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 Aben Resources price movement. The serial correlation of 0.18 indicates that over 18.0% of current Aben Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aben Resources lagged returns against current returns
Autocorrelation, which is Aben Resources 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 Aben Resources' pink sheet expected returns. We can calculate the autocorrelation of Aben Resources returns to help us make a trade decision. For example, suppose you find that Aben Resources 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 |
| Timeline |
Aben Resources 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 Aben Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aben Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aben Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aben Resources Lagged Returns
When evaluating Aben Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aben Resources pink sheet have on its future price. Aben Resources 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, Aben Resources autocorrelation shows the relationship between Aben Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aben Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aben Pink Sheet
Aben Resources financial ratios help investors to determine whether Aben 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 Aben with respect to the benefits of owning Aben Resources security.