Australian Strategic Materials Stock Market Value
| ASMMF Stock | USD 0.30 0.03 9.09% |
| Symbol | Australian |
Australian Strategic '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 Australian Strategic'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 Australian Strategic.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Australian Strategic on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Australian Strategic Materials or generate 0.0% return on investment in Australian Strategic over 540 days. Australian Strategic is related to or competes with Fireweed Zinc, United Tractors, Iluka Resources, Boliden AB, Amarc Resources, Silver X, and American Rare. Australian Strategic Materials Ltd operates as an integrated producer of critical metals for advanced and clean technolo... More
Australian Strategic 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 Australian Strategic'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 Australian Strategic Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.12 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 5.26 |
Australian Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australian Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australian Strategic's standard deviation. In reality, there are many statistical measures that can use Australian Strategic historical prices to predict the future Australian Strategic's volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | 0.0015 | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 0.1244 |
Australian Strategic Backtested Returns
Australian Strategic secures Sharpe Ratio (or Efficiency) of -0.0115, which signifies that the company had a -0.0115% return per unit of risk over the last 3 months. Australian Strategic Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Australian Strategic's Risk Adjusted Performance of (0.0004), mean deviation of 1.94, and Standard Deviation of 4.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Australian Strategic are expected to decrease at a much lower rate. During the bear market, Australian Strategic is likely to outperform the market. At this point, Australian Strategic has a negative expected return of -0.0518%. Please make sure to confirm Australian Strategic's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Australian Strategic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Australian Strategic Materials has weak predictability. Overlapping area represents the amount of predictability between Australian Strategic time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Australian Strategic price movement. The serial correlation of 0.22 indicates that over 22.0% of current Australian Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Australian Strategic lagged returns against current returns
Autocorrelation, which is Australian Strategic 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 Australian Strategic's pink sheet expected returns. We can calculate the autocorrelation of Australian Strategic returns to help us make a trade decision. For example, suppose you find that Australian Strategic 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 |
Australian Strategic 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 Australian Strategic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australian Strategic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australian Strategic pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Australian Strategic Lagged Returns
When evaluating Australian Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australian Strategic pink sheet have on its future price. Australian Strategic 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, Australian Strategic autocorrelation shows the relationship between Australian Strategic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Australian Strategic Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Australian Pink Sheet
Australian Strategic financial ratios help investors to determine whether Australian 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 Australian with respect to the benefits of owning Australian Strategic security.