Aduro Clean Technologies Stock Market Value
| ADUR Stock | 5.46 0.07 1.27% |
| Symbol | Aduro |
Aduro Clean '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 Aduro Clean's otc 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 Aduro Clean.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Aduro Clean on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aduro Clean Technologies or generate 0.0% return on investment in Aduro Clean over 30 days.
Aduro Clean 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 Aduro Clean's otc 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 Aduro Clean Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.1211 | |||
| Maximum Drawdown | 26.87 | |||
| Value At Risk | (8.58) | |||
| Potential Upside | 10.7 |
Aduro Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aduro Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aduro Clean's standard deviation. In reality, there are many statistical measures that can use Aduro Clean historical prices to predict the future Aduro Clean's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.6361 | |||
| Total Risk Alpha | 0.49 | |||
| Sortino Ratio | 0.1654 | |||
| Treynor Ratio | (2.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aduro Clean's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aduro Clean Technologies Backtested Returns
Aduro Clean Technologies secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Aduro Clean's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Aduro Clean's Mean Deviation of 3.48, risk adjusted performance of 0.1095, and Downside Deviation of 3.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aduro Clean holds a performance score of 9. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aduro Clean are expected to decrease at a much lower rate. During the bear market, Aduro Clean is likely to outperform the market. Please check Aduro Clean's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Aduro Clean's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Aduro Clean Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aduro Clean time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Aduro Clean Technologies price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Aduro Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aduro Clean Technologies lagged returns against current returns
Autocorrelation, which is Aduro Clean otc 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 Aduro Clean's otc stock expected returns. We can calculate the autocorrelation of Aduro Clean returns to help us make a trade decision. For example, suppose you find that Aduro Clean has exhibited high autocorrelation historically, and you observe that the otc 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 |
Aduro Clean 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 Aduro Clean otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aduro Clean otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aduro Clean otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aduro Clean Lagged Returns
When evaluating Aduro Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aduro Clean otc stock have on its future price. Aduro Clean 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, Aduro Clean autocorrelation shows the relationship between Aduro Clean otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aduro Clean Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Aduro Clean
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aduro Clean position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aduro Clean will appreciate offsetting losses from the drop in the long position's value.Moving against Aduro OTC Stock
The ability to find closely correlated positions to Aduro Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aduro Clean when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aduro Clean - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aduro Clean Technologies to buy it.
The correlation of Aduro Clean is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aduro Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aduro Clean Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aduro Clean can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Aduro OTC Stock Analysis
When running Aduro Clean's price analysis, check to measure Aduro Clean's 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 Aduro Clean is operating at the current time. Most of Aduro Clean's value examination focuses on studying past and present price action to predict the probability of Aduro Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aduro Clean's price. Additionally, you may evaluate how the addition of Aduro Clean to your portfolios can decrease your overall portfolio volatility.