Alderan Resources (Australia) Market Value
| AL8 Stock | 0.02 0 4.00% |
| Symbol | Alderan |
Alderan 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 Alderan 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 Alderan Resources.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Alderan Resources on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Alderan Resources or generate 0.0% return on investment in Alderan Resources over 720 days. Alderan Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. More
Alderan 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 Alderan 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 Alderan Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.98 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Alderan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alderan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alderan Resources' standard deviation. In reality, there are many statistical measures that can use Alderan Resources historical prices to predict the future Alderan Resources' volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.1273 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0034 | |||
| Treynor Ratio | (0.02) |
Alderan Resources Backtested Returns
Currently, Alderan Resources is out of control. Alderan Resources secures Sharpe Ratio (or Efficiency) of 0.0079, which signifies that the company had a 0.0079% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alderan Resources, which you can use to evaluate the volatility of the firm. Please confirm Alderan Resources' mean deviation of 4.87, and Risk Adjusted Performance of 0.0153 to double-check if the risk estimate we provide is consistent with the expected return of 0.0739%. The firm shows a Beta (market volatility) of -3.38, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Alderan Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Alderan Resources is expected to outperform it. Alderan Resources right now shows a risk of 9.4%. Please confirm Alderan Resources mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Alderan Resources will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Alderan Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Alderan Resources time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Alderan Resources price movement. The serial correlation of -0.03 indicates that only 3.0% of current Alderan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alderan Resources lagged returns against current returns
Autocorrelation, which is Alderan 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 Alderan Resources' stock expected returns. We can calculate the autocorrelation of Alderan Resources returns to help us make a trade decision. For example, suppose you find that Alderan 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 |
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Alderan 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 Alderan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alderan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alderan Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Alderan Resources Lagged Returns
When evaluating Alderan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alderan Resources stock have on its future price. Alderan 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, Alderan Resources autocorrelation shows the relationship between Alderan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Alderan Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alderan Stock Analysis
When running Alderan Resources' price analysis, check to measure Alderan 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 Alderan Resources is operating at the current time. Most of Alderan Resources' value examination focuses on studying past and present price action to predict the probability of Alderan Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alderan Resources' price. Additionally, you may evaluate how the addition of Alderan Resources to your portfolios can decrease your overall portfolio volatility.