Axelum Resources (Philippines) Market Value
| AXLM Stock | 2.08 0.12 6.12% |
| Symbol | Axelum |
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.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Axelum Resources on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Axelum Resources Corp or generate 0.0% return on investment in Axelum Resources over 30 days. Axelum Resources is related to or competes with Century Pacific, RFM Corp, DDMP REIT, Metro Retail, VistaREIT, and Easycall Communications. More
Axelum 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 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.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 18.35 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 6.12 |
Axelum Resources Market Risk Indicators
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.| Risk Adjusted Performance | 0.0626 | |||
| Jensen Alpha | 0.2173 | |||
| Total Risk Alpha | 0.1273 | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | 1.74 |
Axelum Resources Corp Backtested Returns
Axelum Resources Corp secures Sharpe Ratio (or Efficiency) of -0.0316, which signifies that the company had a -0.0316% return per unit of standard deviation over the last 3 months. Axelum Resources Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axelum Resources' risk adjusted performance of 0.0626, and Mean Deviation of 2.27 to double-check the risk estimate we provide. 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, Axelum Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Axelum Resources is expected to be smaller as well. At this point, Axelum Resources Corp has a negative expected return of -0.0909%. Please make sure to confirm Axelum Resources' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Axelum Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Axelum Resources Corp has weak predictability. Overlapping area represents the amount of predictability between Axelum Resources time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Axelum Resources Corp price movement. The serial correlation of 0.24 indicates that over 24.0% of current Axelum Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.Additional Tools for Axelum Stock Analysis
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.