Auriant Mining (Sweden) Market Value
| AUR Stock | SEK 1.00 0.40 28.57% |
| Symbol | Auriant |
Auriant Mining '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 Auriant Mining's 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 Auriant Mining.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Auriant Mining on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Auriant Mining AB or generate 0.0% return on investment in Auriant Mining over 60 days. Auriant Mining is related to or competes with Arctic Gold, AXichem AB, and Avensia Publ. Auriant Mining AB , a junior mining company, explores for and produces gold in Russia More
Auriant Mining 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 Auriant Mining's 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 Auriant Mining AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.28 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 111.43 | |||
| Value At Risk | (20.83) | |||
| Potential Upside | 25.0 |
Auriant Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auriant Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auriant Mining's standard deviation. In reality, there are many statistical measures that can use Auriant Mining historical prices to predict the future Auriant Mining's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.3161 | |||
| Total Risk Alpha | (1.61) | |||
| Sortino Ratio | 0.0244 | |||
| Treynor Ratio | 0.2206 |
Auriant Mining AB Backtested Returns
Auriant Mining appears to be out of control, given 3 months investment horizon. Auriant Mining AB secures Sharpe Ratio (or Efficiency) of 0.021, which signifies that the company had a 0.021% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Auriant Mining AB, which you can use to evaluate the volatility of the firm. Please makes use of Auriant Mining's Risk Adjusted Performance of 0.0432, mean deviation of 5.91, and Downside Deviation of 22.28 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Auriant Mining holds a performance score of 1. The firm shows a Beta (market volatility) of 2.98, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Auriant Mining will likely underperform. Please check Auriant Mining's kurtosis, day typical price, as well as the relationship between the downside variance and treynor ratio , to make a quick decision on whether Auriant Mining's price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Auriant Mining AB has good reverse predictability. Overlapping area represents the amount of predictability between Auriant Mining time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Auriant Mining AB price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Auriant Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Auriant Mining AB lagged returns against current returns
Autocorrelation, which is Auriant Mining 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 Auriant Mining's stock expected returns. We can calculate the autocorrelation of Auriant Mining returns to help us make a trade decision. For example, suppose you find that Auriant Mining 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 |
Auriant Mining 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 Auriant Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auriant Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auriant Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Auriant Mining Lagged Returns
When evaluating Auriant Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auriant Mining stock have on its future price. Auriant Mining 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, Auriant Mining autocorrelation shows the relationship between Auriant Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Auriant Mining AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Auriant Stock Analysis
When running Auriant Mining's price analysis, check to measure Auriant Mining's 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 Auriant Mining is operating at the current time. Most of Auriant Mining's value examination focuses on studying past and present price action to predict the probability of Auriant Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auriant Mining's price. Additionally, you may evaluate how the addition of Auriant Mining to your portfolios can decrease your overall portfolio volatility.