Australian Strategic Materials Stock Market Value
| ASMMF Stock | USD 0.70 0.05 7.69% |
| 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.
| 04/09/2024 |
| 05/09/2024 |
If you would invest 0.00 in Australian Strategic on April 9, 2024 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 30 days. Australian Strategic is related to or competes with IGO, and LithiumBank Resources. 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.
| Downside Deviation | 8.34 | |||
| Information Ratio | 0.0091 | |||
| Maximum Drawdown | 38.73 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 4.49 |
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 | 0.0244 | |||
| Jensen Alpha | 0.1709 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Australian Strategic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Australian Strategic Backtested Returns
Australian Strategic appears to be out of control, given 3 months investment horizon. Australian Strategic secures Sharpe Ratio (or Efficiency) of 0.0467, which signifies that the company had a 0.0467% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Australian Strategic Materials, which you can use to evaluate the volatility of the firm. Please makes use of Australian Strategic's Mean Deviation of 2.11, risk adjusted performance of 0.0244, and Downside Deviation of 8.34 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Australian Strategic holds a performance score of 3. The firm shows a Beta (market volatility) of -0.56, 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. Please check Australian Strategic's treynor ratio and the relationship between the downside variance and day typical price , to make a quick decision on whether Australian Strategic's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Australian Strategic Materials has good predictability. Overlapping area represents the amount of predictability between Australian Strategic time series from 9th of April 2024 to 24th of April 2024 and 24th of April 2024 to 9th of May 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 0.62 indicates that roughly 62.0% of current Australian Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Australian Strategic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Australian Strategic's short interest history, or implied volatility extrapolated from Australian Strategic options trading.
Pair Trading with Australian Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Australian Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Australian Strategic will appreciate offsetting losses from the drop in the long position's value.Moving against Australian Pink Sheet
| 0.61 | VALE | Vale SA ADR | PairCorr |
| 0.58 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.42 | TLKMF | Telkom Indonesia Tbk | PairCorr |
The ability to find closely correlated positions to Australian Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Australian Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Australian Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Australian Strategic Materials to buy it.
The correlation of Australian Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Australian Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Australian Strategic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Australian Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Australian Strategic Correlation, Australian Strategic Volatility and Australian Strategic Alpha and Beta module to complement your research on Australian Strategic. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Australian Pink Sheet analysis
When running Australian Strategic's price analysis, check to measure Australian Strategic'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 Australian Strategic is operating at the current time. Most of Australian Strategic's value examination focuses on studying past and present price action to predict the probability of Australian Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Australian Strategic's price. Additionally, you may evaluate how the addition of Australian Strategic to your portfolios can decrease your overall portfolio volatility.
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Australian Strategic technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.