Aurion Resources Stock Market Value
| AU Stock | CAD 0.66 0.01 1.54% |
| Symbol | Aurion |
Aurion 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 Aurion 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 Aurion Resources.
| 02/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Aurion Resources on February 3, 2024 and sell it all today you would earn a total of 0.00 from holding Aurion Resources or generate 0.0% return on investment in Aurion Resources over 90 days. Aurion Resources is related to or competes with Galway Metals, Minaurum Gold, BonTerra Resources, and Aurania Resources. Aurion Resources Ltd., an exploration company, acquires and explores mineral properties More
Aurion 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 Aurion 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 Aurion Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.1607 | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 5.36 |
Aurion Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurion Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurion Resources' standard deviation. In reality, there are many statistical measures that can use Aurion Resources historical prices to predict the future Aurion Resources' volatility.| Risk Adjusted Performance | 0.1227 | |||
| Jensen Alpha | 0.5529 | |||
| Total Risk Alpha | 0.3254 | |||
| Sortino Ratio | 0.195 | |||
| Treynor Ratio | (2.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurion 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.
Aurion Resources Backtested Returns
Aurion Resources appears to be abnormally volatile, given 3 months investment horizon. Aurion Resources secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Aurion Resources' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Aurion Resources' Mean Deviation of 2.43, risk adjusted performance of 0.1227, and Downside Deviation of 2.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurion Resources holds a performance score of 13. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurion Resources are expected to decrease at a much lower rate. During the bear market, Aurion Resources is likely to outperform the market. Please check Aurion Resources' treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Aurion Resources' price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Aurion Resources has poor predictability. Overlapping area represents the amount of predictability between Aurion Resources time series from 3rd of February 2024 to 19th of March 2024 and 19th of March 2024 to 3rd 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 Aurion Resources price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Aurion Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aurion Resources lagged returns against current returns
Autocorrelation, which is Aurion 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 Aurion Resources' stock expected returns. We can calculate the autocorrelation of Aurion Resources returns to help us make a trade decision. For example, suppose you find that Aurion 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 |
Aurion 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 Aurion Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurion Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurion Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Aurion Resources Lagged Returns
When evaluating Aurion Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurion Resources stock have on its future price. Aurion 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, Aurion Resources autocorrelation shows the relationship between Aurion Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Aurion Resources.
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 Aurion Resources 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, Aurion Resources' short interest history, or implied volatility extrapolated from Aurion Resources options trading.
Pair Trading with Aurion Resources
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 Aurion Resources 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 Aurion Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Aurion Stock
| 0.67 | FEC | Frontera Energy Corp | PairCorr |
Moving against Aurion Stock
| 0.64 | SGR-U | Slate Grocery REIT Earnings Call Today | PairCorr |
| 0.51 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to Aurion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurion Resources 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 Aurion Resources - 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 Aurion Resources to buy it.
The correlation of Aurion Resources 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 Aurion Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurion Resources 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 Aurion Resources 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 Aurion Resources Correlation, Aurion Resources Volatility and Aurion Resources Alpha and Beta module to complement your research on Aurion Resources. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Aurion Stock analysis
When running Aurion Resources' price analysis, check to measure Aurion 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 Aurion Resources is operating at the current time. Most of Aurion Resources' value examination focuses on studying past and present price action to predict the probability of Aurion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurion Resources' price. Additionally, you may evaluate how the addition of Aurion Resources to your portfolios can decrease your overall portfolio volatility.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |
Aurion Resources technical stock 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, stock market cycles, or different charting patterns.