Axelum Resources' market value is the price at which a share of Axelum Resources trades on a public exchange. It measures the collective expectations of Axelum Resources Corp investors about its performance. Axelum Resources is selling for under 2.16 as of the 10th of January 2025; that is 0.92% down since the beginning of the trading day. The stock's lowest day price was 2.16. With this module, you can estimate the performance of a buy and hold strategy of Axelum Resources Corp and determine expected loss or profit from investing in Axelum Resources over a given investment horizon. Check out Axelum Resources Correlation, Axelum Resources Volatility and Axelum Resources Alpha and Beta module to complement your research on Axelum Resources.
Please note, there is a significant difference between Axelum Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Axelum Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axelum Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Axelum 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 Axelum 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 Axelum Resources.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Axelum 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 Axelum Resources Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axelum Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axelum Resources' standard deviation. In reality, there are many statistical measures that can use Axelum Resources historical prices to predict the future Axelum Resources' volatility.
Currently, Axelum Resources Corp is dangerous. Axelum Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0189, which signifies that the company had a 0.0189% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Axelum Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm Axelum Resources' risk adjusted performance of 0.0185, and Mean Deviation of 2.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Axelum Resources has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Axelum Resources are expected to decrease at a much lower rate. During the bear market, Axelum Resources is likely to outperform the market. Axelum Resources Corp right now shows a risk of 5.7%. Please confirm Axelum Resources Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Axelum Resources Corp will be following its price patterns.
Auto-correlation
0.46
Average predictability
Axelum Resources Corp has average predictability. Overlapping area represents the amount of predictability between Axelum Resources time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Axelum Resources Corp price movement. The serial correlation of 0.46 indicates that about 46.0% of current Axelum Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
0.46
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.03
Axelum Resources Corp lagged returns against current returns
Autocorrelation, which is Axelum 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 Axelum Resources' stock expected returns. We can calculate the autocorrelation of Axelum Resources returns to help us make a trade decision. For example, suppose you find that Axelum 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
Axelum 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 Axelum Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axelum Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axelum Resources stock over time.
Current vs Lagged Prices
Timeline
Axelum Resources Lagged Returns
When evaluating Axelum Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axelum Resources stock have on its future price. Axelum 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, Axelum Resources autocorrelation shows the relationship between Axelum Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Axelum Resources Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Axelum Resources' price analysis, check to measure Axelum 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 Axelum Resources is operating at the current time. Most of Axelum Resources' value examination focuses on studying past and present price action to predict the probability of Axelum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axelum Resources' price. Additionally, you may evaluate how the addition of Axelum Resources to your portfolios can decrease your overall portfolio volatility.