Ajax Resources (UK) Market Value
| AJAX Stock | 3.00 0.00 0.00% |
| Symbol | Ajax |
Ajax 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 Ajax Resources' 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 Ajax Resources.
| 10/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Ajax Resources on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ajax Resources PLC or generate 0.0% return on investment in Ajax Resources over 60 days. Ajax Resources is related to or competes with Bloomsbury Publishing, Anglesey Mining, AMG Advanced, Polar Capital, Ocean Harvest, Ashtead Technology, and Sabien Technology. Ajax Resources is entity of United Kingdom More
Ajax 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 Ajax Resources' 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 Ajax Resources PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 9.09 |
Ajax Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ajax Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ajax Resources' standard deviation. In reality, there are many statistical measures that can use Ajax Resources historical prices to predict the future Ajax Resources' volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.1406 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.89) |
Ajax Resources PLC Backtested Returns
Currently, Ajax Resources PLC is somewhat reliable. Ajax Resources PLC secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for Ajax Resources PLC, which you can use to evaluate the volatility of the firm. Please confirm Ajax Resources' risk adjusted performance of 0.0928, and Mean Deviation of 0.2713 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Ajax Resources has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ajax Resources are expected to decrease at a much lower rate. During the bear market, Ajax Resources is likely to outperform the market. Ajax Resources PLC right now shows a risk of 1.12%. Please confirm Ajax Resources PLC coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Ajax Resources PLC will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Ajax Resources PLC has no correlation between past and present. Overlapping area represents the amount of predictability between Ajax Resources time series from 16th of October 2024 to 15th of November 2024 and 15th of November 2024 to 15th 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 Ajax Resources PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ajax Resources 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 |
Ajax Resources PLC lagged returns against current returns
Autocorrelation, which is Ajax Resources 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 Ajax Resources' stock expected returns. We can calculate the autocorrelation of Ajax Resources returns to help us make a trade decision. For example, suppose you find that Ajax Resources 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 |
Ajax 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 Ajax Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ajax Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ajax Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Ajax Resources Lagged Returns
When evaluating Ajax Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ajax Resources stock have on its future price. Ajax 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, Ajax Resources autocorrelation shows the relationship between Ajax Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Ajax Resources PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ajax Stock Analysis
When running Ajax Resources' price analysis, check to measure Ajax Resources' 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 Ajax Resources is operating at the current time. Most of Ajax Resources' value examination focuses on studying past and present price action to predict the probability of Ajax Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ajax Resources' price. Additionally, you may evaluate how the addition of Ajax Resources to your portfolios can decrease your overall portfolio volatility.