Aurania Resources Stock Market Value

ARU Stock  CAD 0.43  0.01  2.27%   
Aurania Resources' market value is the price at which a share of Aurania Resources trades on a public exchange. It measures the collective expectations of Aurania Resources investors about its performance. Aurania Resources is selling for under 0.43 as of the 5th of December 2024; that is 2.27 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.42.
With this module, you can estimate the performance of a buy and hold strategy of Aurania Resources and determine expected loss or profit from investing in Aurania Resources over a given investment horizon. Check out Aurania Resources Correlation, Aurania Resources Volatility and Aurania Resources Alpha and Beta module to complement your research on Aurania Resources.
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Aurania Resources Price To Book Ratio

Please note, there is a significant difference between Aurania Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurania Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurania 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.

Aurania 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 Aurania 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 Aurania Resources.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/05/2024
0.00
If you would invest  0.00  in Aurania Resources on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Aurania Resources or generate 0.0% return on investment in Aurania Resources over 720 days. Aurania Resources is related to or competes with Queens Road, Globex Mining, Perseus Mining, Capstone Mining, Gatos Silver, NeXGold Mining, and Storage Vault. Aurania Resources Ltd., a junior mineral exploration company, engages in the identification, evaluation, acquisition, an... More

Aurania 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 Aurania 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 Aurania Resources upside and downside potential and time the market with a certain degree of confidence.

Aurania Resources Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurania Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurania Resources' standard deviation. In reality, there are many statistical measures that can use Aurania Resources historical prices to predict the future Aurania Resources' volatility.
Hype
Prediction
LowEstimatedHigh
0.020.435.59
Details
Intrinsic
Valuation
LowRealHigh
0.020.425.58
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
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Aurania Resources Backtested Returns

Aurania Resources secures Sharpe Ratio (or Efficiency) of -0.0922, which signifies that the company had a -0.0922% return per unit of risk over the last 3 months. Aurania Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurania Resources' Standard Deviation of 6.3, mean deviation of 4.42, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.97, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Aurania Resources are expected to decrease slowly. On the other hand, during market turmoil, Aurania Resources is expected to outperform it slightly. At this point, Aurania Resources has a negative expected return of -0.48%. Please make sure to confirm Aurania Resources' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Aurania Resources performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.54  

Good reverse predictability

Aurania Resources has good reverse predictability. Overlapping area represents the amount of predictability between Aurania Resources time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Aurania Resources price movement. The serial correlation of -0.54 indicates that about 54.0% of current Aurania Resources price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.62
Residual Average0.0
Price Variance0.03

Aurania Resources lagged returns against current returns

Autocorrelation, which is Aurania 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 Aurania Resources' stock expected returns. We can calculate the autocorrelation of Aurania Resources returns to help us make a trade decision. For example, suppose you find that Aurania 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  

Aurania 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 Aurania Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurania Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurania Resources stock over time.
   Current vs Lagged Prices   
       Timeline  

Aurania Resources Lagged Returns

When evaluating Aurania Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurania Resources stock have on its future price. Aurania 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, Aurania Resources autocorrelation shows the relationship between Aurania Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aurania Resources.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Aurania Stock Analysis

When running Aurania Resources' price analysis, check to measure Aurania 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 Aurania Resources is operating at the current time. Most of Aurania Resources' value examination focuses on studying past and present price action to predict the probability of Aurania Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurania Resources' price. Additionally, you may evaluate how the addition of Aurania Resources to your portfolios can decrease your overall portfolio volatility.