Archer Limited Stock Market Value
| ARHVF Stock | USD 2.10 0.00 0.00% |
| Symbol | Archer |
Archer '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 Archer'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 Archer.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Archer on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Archer Limited or generate 0.0% return on investment in Archer over 720 days. Archer is related to or competes with Noble Plc, Transocean, Helmerich, Patterson UTI, Sable Offshore, Borr Drilling, and Precision Drilling. Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry More
Archer 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 Archer'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 Archer Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 4.55 |
Archer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Archer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Archer's standard deviation. In reality, there are many statistical measures that can use Archer historical prices to predict the future Archer's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Archer'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.
Archer Limited Backtested Returns
Archer Limited secures Sharpe Ratio (or Efficiency) of -0.0939, which signifies that the company had a -0.0939% return per unit of standard deviation over the last 3 months. Archer Limited exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Archer's risk adjusted performance of (0.07), and Mean Deviation of 0.2185 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Archer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Archer is expected to be smaller as well. At this point, Archer Limited has a negative expected return of -0.0699%. Please make sure to confirm Archer's standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Archer Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Archer Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Archer time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Archer Limited price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Archer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Archer Limited lagged returns against current returns
Autocorrelation, which is Archer 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 Archer's pink sheet expected returns. We can calculate the autocorrelation of Archer returns to help us make a trade decision. For example, suppose you find that Archer 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 |
Archer 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 Archer pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Archer pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Archer pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Archer Lagged Returns
When evaluating Archer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Archer pink sheet have on its future price. Archer 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, Archer autocorrelation shows the relationship between Archer pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Archer Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Archer Pink Sheet
Archer financial ratios help investors to determine whether Archer 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 Archer with respect to the benefits of owning Archer security.