Aurasource Stock Market Value
AuraSource's market value is the price at which a share of AuraSource trades on a public exchange. It measures the collective expectations of AuraSource investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of AuraSource and determine expected loss or profit from investing in AuraSource over a given investment horizon. Check out AuraSource Correlation, AuraSource Volatility and AuraSource Alpha and Beta module to complement your research on AuraSource.
| Symbol | AuraSource |
AuraSource '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 AuraSource's pink sheet 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 AuraSource.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in AuraSource on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding AuraSource or generate 0.0% return on investment in AuraSource over 90 days. AuraSource is related to or competes with Vow ASA, and TOMI Environmental. AuraSource, Inc. focuses on developing and implementing clean energy and mineral processing technologies More
AuraSource 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 AuraSource's pink sheet 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 AuraSource upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 99.24 |
AuraSource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AuraSource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AuraSource's standard deviation. In reality, there are many statistical measures that can use AuraSource historical prices to predict the future AuraSource's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.23) | |||
| Total Risk Alpha | (3.57) | |||
| Treynor Ratio | 0.6542 |
AuraSource Backtested Returns
AuraSource secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. AuraSource exposes thirteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AuraSource's Mean Deviation of 2.96, standard deviation of 12.21, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.34, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AuraSource are expected to decrease by larger amounts. On the other hand, during market turmoil, AuraSource is expected to outperform it. At this point, AuraSource has a negative expected return of -3.13%. Please make sure to confirm AuraSource's risk adjusted performance, standard deviation, as well as the relationship between the Standard Deviation and maximum drawdown , to decide if AuraSource performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
AuraSource has very good predictability. Overlapping area represents the amount of predictability between AuraSource time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 AuraSource price movement. The serial correlation of 0.82 indicates that around 82.0% of current AuraSource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AuraSource lagged returns against current returns
Autocorrelation, which is AuraSource pink sheet'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 AuraSource's pink sheet expected returns. We can calculate the autocorrelation of AuraSource returns to help us make a trade decision. For example, suppose you find that AuraSource has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
AuraSource 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 AuraSource pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AuraSource pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AuraSource pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AuraSource Lagged Returns
When evaluating AuraSource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AuraSource pink sheet have on its future price. AuraSource 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, AuraSource autocorrelation shows the relationship between AuraSource pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AuraSource.
Regressed Prices |
| Timeline |
Pair Trading with AuraSource
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 AuraSource 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 AuraSource will appreciate offsetting losses from the drop in the long position's value.Moving together with AuraSource Pink Sheet
| 0.68 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.72 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.73 | PPERY | Bank Mandiri Persero | PairCorr |
Moving against AuraSource Pink Sheet
| 0.88 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.85 | PTAIF | PT Astra International | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.8 | SSNLF | Samsung Electronics | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
The ability to find closely correlated positions to AuraSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AuraSource 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 AuraSource - 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 AuraSource to buy it.
The correlation of AuraSource 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 AuraSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AuraSource 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 AuraSource 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.Other Information on Investing in AuraSource Pink Sheet
AuraSource financial ratios help investors to determine whether AuraSource Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AuraSource with respect to the benefits of owning AuraSource security.