Aranjin Resources Stock Market Value
| FVVSF Stock | USD 0 0.00 0.00% |
| Symbol | Aranjin |
Aranjin 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 Aranjin 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 Aranjin Resources.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Aranjin Resources on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Aranjin Resources or generate 0.0% return on investment in Aranjin Resources over 30 days. Aranjin Resources is related to or competes with Aguila American, Imperial Metals, Copper Fox, Arizona Sonoran, Copper Mountain, and Amerigo Resources. Aranjin Resources Ltd., together with its subsidiaries, engages in the exploration and development of mineral properties... More
Aranjin 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 Aranjin 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 Aranjin Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 45.95 |
Aranjin Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aranjin Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aranjin Resources' standard deviation. In reality, there are many statistical measures that can use Aranjin Resources historical prices to predict the future Aranjin Resources' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.05) | |||
| Total Risk Alpha | (1.68) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aranjin Resources' 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.
Aranjin Resources Backtested Returns
Aranjin Resources secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Aranjin Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aranjin Resources' mean deviation of 1.7, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.95, 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, Aranjin Resources will likely underperform. Aranjin Resources has an expected return of -0.74%. Please make sure to confirm Aranjin Resources risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Aranjin Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Aranjin Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Aranjin Resources time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Aranjin Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Aranjin Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aranjin Resources lagged returns against current returns
Autocorrelation, which is Aranjin 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 Aranjin Resources' pink sheet expected returns. We can calculate the autocorrelation of Aranjin Resources returns to help us make a trade decision. For example, suppose you find that Aranjin 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 |
Aranjin 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 Aranjin Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aranjin 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 Aranjin Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aranjin Resources Lagged Returns
When evaluating Aranjin Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aranjin Resources pink sheet have on its future price. Aranjin 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, Aranjin Resources autocorrelation shows the relationship between Aranjin Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aranjin Resources.
Regressed Prices |
| Timeline |
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When running Aranjin Resources' price analysis, check to measure Aranjin 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 Aranjin Resources is operating at the current time. Most of Aranjin Resources' value examination focuses on studying past and present price action to predict the probability of Aranjin Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aranjin Resources' price. Additionally, you may evaluate how the addition of Aranjin Resources to your portfolios can decrease your overall portfolio volatility.
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Aranjin Resources 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.