Yangarra Resources Stock Market Value
| YGRAF Stock | USD 0.72 0.03 4.00% |
| Symbol | Yangarra |
Yangarra 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 Yangarra 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 Yangarra Resources.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Yangarra Resources on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Yangarra Resources or generate 0.0% return on investment in Yangarra Resources over 90 days. Yangarra Resources is related to or competes with Tamarack Valley, Spartan Delta, MEG Energy, Kelt Exploration, Questerre Energy, Petrus Resources, and PetroShale. Yangarra Resources Ltd., a junior oil and gas company, engages in the exploration, development, and production of oil an... More
Yangarra 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 Yangarra 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 Yangarra Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 2.9 |
Yangarra Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yangarra Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yangarra Resources' standard deviation. In reality, there are many statistical measures that can use Yangarra Resources historical prices to predict the future Yangarra Resources' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.35) |
Yangarra Resources Backtested Returns
Yangarra Resources shows Sharpe Ratio of -0.0499, which attests that the company had a -0.0499% return per unit of risk over the last 3 months. Yangarra Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yangarra Resources' Standard Deviation of 2.13, market risk adjusted performance of (0.34), and Mean Deviation of 1.59 to validate the risk estimate we provide. The firm maintains a market beta of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yangarra Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yangarra Resources is expected to be smaller as well. At this point, Yangarra Resources has a negative expected return of -0.1%. Please make sure to check out Yangarra Resources' potential upside, as well as the relationship between the daily balance of power and day typical price , to decide if Yangarra Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Yangarra Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Yangarra Resources time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Yangarra Resources price movement. The serial correlation of -0.02 indicates that only 2.0% of current Yangarra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yangarra Resources lagged returns against current returns
Autocorrelation, which is Yangarra 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 Yangarra Resources' pink sheet expected returns. We can calculate the autocorrelation of Yangarra Resources returns to help us make a trade decision. For example, suppose you find that Yangarra 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 |
Yangarra 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 Yangarra Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yangarra 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 Yangarra Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Yangarra Resources Lagged Returns
When evaluating Yangarra Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yangarra Resources pink sheet have on its future price. Yangarra 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, Yangarra Resources autocorrelation shows the relationship between Yangarra Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Yangarra Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yangarra Pink Sheet
Yangarra Resources financial ratios help investors to determine whether Yangarra Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Yangarra with respect to the benefits of owning Yangarra Resources security.