Archon Minerals Stock Market Value
| ACS Stock | CAD 0.10 0.00 0.00% |
| Symbol | Archon |
Archon 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 Archon Minerals' 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 Archon Minerals.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Archon Minerals on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Archon Minerals or generate 0.0% return on investment in Archon Minerals over 30 days. Archon Minerals is related to or competes with First Majestic, Ivanhoe Energy, Flinders Resources, Orezone Gold, and Faraday Copper. It has interests in the Buffer Zone, WO Block, and Monument Diamond projects located in the Mackenzie Mining Division in... More
Archon 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 Archon Minerals' 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 Archon Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 52.08 |
Archon Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Archon Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Archon Minerals' standard deviation. In reality, there are many statistical measures that can use Archon Minerals historical prices to predict the future Archon Minerals' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 1.13 |
Archon Minerals Backtested Returns
Archon Minerals secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Archon Minerals exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Archon Minerals' mean deviation of 1.62, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Archon Minerals are expected to decrease at a much lower rate. During the bear market, Archon Minerals is likely to outperform the market. At this point, Archon Minerals has a negative expected return of -0.59%. Please make sure to confirm Archon Minerals' standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Archon Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Archon Minerals has no correlation between past and present. Overlapping area represents the amount of predictability between Archon Minerals time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Archon Minerals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Archon Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Archon Minerals lagged returns against current returns
Autocorrelation, which is Archon Minerals 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 Archon Minerals' stock expected returns. We can calculate the autocorrelation of Archon Minerals returns to help us make a trade decision. For example, suppose you find that Archon Minerals 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 |
Archon 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 Archon Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Archon Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Archon Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Archon Minerals Lagged Returns
When evaluating Archon Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Archon Minerals stock have on its future price. Archon 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, Archon Minerals autocorrelation shows the relationship between Archon Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Archon Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Archon Stock Analysis
When running Archon Minerals' price analysis, check to measure Archon Minerals' 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 Archon Minerals is operating at the current time. Most of Archon Minerals' value examination focuses on studying past and present price action to predict the probability of Archon Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Archon Minerals' price. Additionally, you may evaluate how the addition of Archon Minerals to your portfolios can decrease your overall portfolio volatility.