Auxico Resources Canada Stock Market Value
| AUXIF Stock | USD 0.01 0.00 0.00% |
| Symbol | Auxico |
Auxico 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 Auxico Resources' 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 Auxico Resources.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Auxico Resources on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Auxico Resources Canada or generate 0.0% return on investment in Auxico Resources over 360 days. Auxico Resources is related to or competes with Denarius Silver, Arras Minerals, Gold79 Mines, and Aurania Resources. Auxico Resources Canada Inc., together with its subsidiaries, engages in the acquisition, exploration, and development o... More
Auxico 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 Auxico Resources' 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 Auxico Resources Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1249 | |||
| Maximum Drawdown | 500.0 | |||
| Value At Risk | (37.50) |
Auxico Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auxico Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auxico Resources' standard deviation. In reality, there are many statistical measures that can use Auxico Resources historical prices to predict the future Auxico Resources' volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 11.43 | |||
| Total Risk Alpha | (1.72) | |||
| Treynor Ratio | (0.53) |
Auxico Resources Canada Backtested Returns
Auxico Resources is out of control given 3 months investment horizon. Auxico Resources Canada secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to collect and analyze data for eighteen different technical indicators, which can help you to evaluate if expected returns of 9.87% are justified by taking the suggested risk. Use Auxico Resources Risk Adjusted Performance of 0.1066, standard deviation of 74.39, and Mean Deviation of 25.48 to evaluate company specific risk that cannot be diversified away. Auxico Resources holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -17.72, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Auxico Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Auxico Resources is expected to outperform it. Use Auxico Resources maximum drawdown and rate of daily change , to analyze future returns on Auxico Resources.
Auto-correlation | 0.43 |
Average predictability
Auxico Resources Canada has average predictability. Overlapping area represents the amount of predictability between Auxico Resources time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Auxico Resources Canada price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Auxico Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Auxico Resources Canada lagged returns against current returns
Autocorrelation, which is Auxico Resources 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 Auxico Resources' pink sheet expected returns. We can calculate the autocorrelation of Auxico Resources returns to help us make a trade decision. For example, suppose you find that Auxico Resources 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 |
Auxico 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 Auxico Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auxico Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auxico Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Auxico Resources Lagged Returns
When evaluating Auxico Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auxico Resources pink sheet have on its future price. Auxico 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, Auxico Resources autocorrelation shows the relationship between Auxico Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Auxico Resources Canada.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Auxico Pink Sheet
Auxico Resources financial ratios help investors to determine whether Auxico 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 Auxico with respect to the benefits of owning Auxico Resources security.