Adrian Resources' market value is the price at which a share of Adrian Resources trades on a public exchange. It measures the collective expectations of Adrian Resources investors about its performance. Adrian Resources is trading at 13.65 as of the 2nd of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 13.65. With this module, you can estimate the performance of a buy and hold strategy of Adrian Resources and determine expected loss or profit from investing in Adrian Resources over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Adrian
Adrian 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 Adrian 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 Adrian Resources.
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11/02/2024
No Change 0.00
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In 31 days
12/02/2024
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If you would invest 0.00 in Adrian Resources on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Adrian Resources or generate 0.0% return on investment in Adrian Resources over 30 days.
Adrian 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 Adrian 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 Adrian Resources 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 Adrian Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adrian Resources' standard deviation. In reality, there are many statistical measures that can use Adrian Resources historical prices to predict the future Adrian Resources' volatility.
Adrian Resources appears to be very steady, given 3 months investment horizon. Adrian Resources secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Adrian Resources, which you can use to evaluate the volatility of the firm. Please makes use of Adrian Resources' Mean Deviation of 0.5265, standard deviation of 0.9679, and Risk Adjusted Performance of 0.2315 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adrian Resources holds a performance score of 23. The firm shows a Beta (market volatility) of -0.0161, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adrian Resources are expected to decrease at a much lower rate. During the bear market, Adrian Resources is likely to outperform the market. Please check Adrian Resources' information ratio, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Adrian Resources' price patterns will revert.
Auto-correlation
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No correlation between past and present
Adrian Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Adrian Resources time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Adrian Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Adrian Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Adrian Resources lagged returns against current returns
Autocorrelation, which is Adrian 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 Adrian Resources' pink sheet expected returns. We can calculate the autocorrelation of Adrian Resources returns to help us make a trade decision. For example, suppose you find that Adrian 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
Adrian 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 Adrian Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adrian 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 Adrian Resources pink sheet over time.
Current vs Lagged Prices
Timeline
Adrian Resources Lagged Returns
When evaluating Adrian Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adrian Resources pink sheet have on its future price. Adrian 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, Adrian Resources autocorrelation shows the relationship between Adrian Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adrian Resources.