ACDC Metals (Australia) Market Value
| ADC Stock | 0.05 0.01 10.20% |
| Symbol | ACDC |
ACDC Metals '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 ACDC Metals' 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 ACDC Metals.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in ACDC Metals on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding ACDC Metals or generate 0.0% return on investment in ACDC Metals over 30 days. ACDC Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, De Grey, and Perseus Mining. ACDC Metals is entity of Australia. It is traded as Stock on AU exchange. More
ACDC Metals 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 ACDC Metals' 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 ACDC Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.17 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 21.71 | |||
| Value At Risk | (7.46) | |||
| Potential Upside | 9.52 |
ACDC Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACDC Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACDC Metals' standard deviation. In reality, there are many statistical measures that can use ACDC Metals historical prices to predict the future ACDC Metals' volatility.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | 0.1235 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.0061 | |||
| Treynor Ratio | 0.8324 |
ACDC Metals Backtested Returns
Currently, ACDC Metals is out of control. ACDC Metals secures Sharpe Ratio (or Efficiency) of 0.0415, which signifies that the company had a 0.0415% return per unit of risk over the last 3 months. We have found thirty technical indicators for ACDC Metals, which you can use to evaluate the volatility of the entity. Please confirm ACDC Metals' mean deviation of 2.51, and Coefficient Of Variation of 2898.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. ACDC Metals has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ACDC Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding ACDC Metals is expected to be smaller as well. ACDC Metals at this moment shows a risk of 4.4%. Please confirm ACDC Metals downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if ACDC Metals will be following its price patterns.
Auto-correlation | 0.60 |
Good predictability
ACDC Metals has good predictability. Overlapping area represents the amount of predictability between ACDC Metals time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 ACDC Metals price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current ACDC Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ACDC Metals lagged returns against current returns
Autocorrelation, which is ACDC Metals 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 ACDC Metals' stock expected returns. We can calculate the autocorrelation of ACDC Metals returns to help us make a trade decision. For example, suppose you find that ACDC Metals 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 |
ACDC Metals 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 ACDC Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACDC Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACDC Metals stock over time.
Current vs Lagged Prices |
| Timeline |
ACDC Metals Lagged Returns
When evaluating ACDC Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACDC Metals stock have on its future price. ACDC Metals 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, ACDC Metals autocorrelation shows the relationship between ACDC Metals stock current value and its past values and can show if there is a momentum factor associated with investing in ACDC Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ACDC Stock Analysis
When running ACDC Metals' price analysis, check to measure ACDC Metals' 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 ACDC Metals is operating at the current time. Most of ACDC Metals' value examination focuses on studying past and present price action to predict the probability of ACDC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ACDC Metals' price. Additionally, you may evaluate how the addition of ACDC Metals to your portfolios can decrease your overall portfolio volatility.