Awale Resources Stock Market Value
| ARIC Stock | CAD 0.45 0.01 2.27% |
| Symbol | Awale |
Awale Resources Price To Book Ratio
Awale 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 Awale 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 Awale Resources.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Awale Resources on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Awale Resources or generate 0.0% return on investment in Awale Resources over 480 days. Awale Resources is related to or competes with Ressources Minieres, and Red Pine. Awal Resources Limited engages in the identification and exploration of precious metal projects More
Awale 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 Awale 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 Awale Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.55 |
Awale Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Awale Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Awale Resources' standard deviation. In reality, there are many statistical measures that can use Awale Resources historical prices to predict the future Awale Resources' volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Awale Resources' 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.
Awale Resources Backtested Returns
At this stage we consider Awale Stock to be abnormally volatile. Awale Resources secures Sharpe Ratio (or Efficiency) of 0.0145, which signifies that the company had a 0.0145% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Awale Resources, which you can use to evaluate the volatility of the firm. Please confirm Awale Resources' mean deviation of 1.8, and Risk Adjusted Performance of 0.002 to double-check if the risk estimate we provide is consistent with the expected return of 0.0441%. Awale Resources has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Awale Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Awale Resources is expected to be smaller as well. Awale Resources right now shows a risk of 3.04%. Please confirm Awale Resources coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Awale Resources will be following its price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Awale Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Awale Resources time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Awale Resources price movement. The serial correlation of -0.23 indicates that over 23.0% of current Awale Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Awale Resources lagged returns against current returns
Autocorrelation, which is Awale 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 Awale Resources' stock expected returns. We can calculate the autocorrelation of Awale Resources returns to help us make a trade decision. For example, suppose you find that Awale 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 |
Awale 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 Awale Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Awale Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Awale Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Awale Resources Lagged Returns
When evaluating Awale Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Awale Resources stock have on its future price. Awale 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, Awale Resources autocorrelation shows the relationship between Awale Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Awale Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Awale Stock Analysis
When running Awale Resources' price analysis, check to measure Awale 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 Awale Resources is operating at the current time. Most of Awale Resources' value examination focuses on studying past and present price action to predict the probability of Awale Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Awale Resources' price. Additionally, you may evaluate how the addition of Awale Resources to your portfolios can decrease your overall portfolio volatility.