Atex Resources Stock Market Value
| ECRTF Stock | USD 1.52 0.14 8.43% |
| Symbol | ATEX |
ATEX 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 ATEX 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 ATEX Resources.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in ATEX Resources on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding ATEX Resources or generate 0.0% return on investment in ATEX Resources over 90 days. ATEX Resources is related to or competes with Barrister Energy, Altura Energy, Santos, Vaalco Energy, Houston American, Barnwell Industries, and Mexco Energy. ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America More
ATEX 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 ATEX 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 ATEX Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.36 | |||
| Information Ratio | 0.0192 | |||
| Maximum Drawdown | 40.5 | |||
| Value At Risk | (11.05) | |||
| Potential Upside | 14.46 |
ATEX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATEX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATEX Resources' standard deviation. In reality, there are many statistical measures that can use ATEX Resources historical prices to predict the future ATEX Resources' volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.1938 | |||
| Total Risk Alpha | (0.77) | |||
| Sortino Ratio | 0.017 | |||
| Treynor Ratio | 0.4496 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ATEX 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.
ATEX Resources Backtested Returns
ATEX Resources appears to be abnormally volatile, given 3 months investment horizon. ATEX Resources secures Sharpe Ratio (or Efficiency) of 0.0387, which signifies that the company had a 0.0387 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ATEX Resources, which you can use to evaluate the volatility of the firm. Please makes use of ATEX Resources' Mean Deviation of 4.65, risk adjusted performance of 0.0444, and Downside Deviation of 8.36 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ATEX Resources holds a performance score of 3. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ATEX Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding ATEX Resources is expected to be smaller as well. Please check ATEX Resources' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether ATEX Resources' price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
ATEX Resources has poor reverse predictability. Overlapping area represents the amount of predictability between ATEX Resources time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ATEX Resources price movement. The serial correlation of -0.38 indicates that just about 38.0% of current ATEX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ATEX Resources lagged returns against current returns
Autocorrelation, which is ATEX 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 ATEX Resources' pink sheet expected returns. We can calculate the autocorrelation of ATEX Resources returns to help us make a trade decision. For example, suppose you find that ATEX 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 |
ATEX 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 ATEX Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATEX 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 ATEX Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ATEX Resources Lagged Returns
When evaluating ATEX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATEX Resources pink sheet have on its future price. ATEX 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, ATEX Resources autocorrelation shows the relationship between ATEX Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ATEX Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ATEX Pink Sheet
ATEX Resources financial ratios help investors to determine whether ATEX 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 ATEX with respect to the benefits of owning ATEX Resources security.