Atex Resources Stock Market Value
| ATX Stock | CAD 2.08 0.05 2.35% |
| 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' 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 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 Orla Mining, Q2 Metals, Brunswick Exploration, and Fidelity Minerals. 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' 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 ATEX Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 5.02 |
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 | 0.0211 | |||
| Jensen Alpha | 0.0827 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.10) |
ATEX Resources Backtested Returns
At this stage we consider ATEX Stock to be very risky. ATEX Resources secures Sharpe Ratio (or Efficiency) of 0.0151, which signifies that the company had a 0.0151 % return per unit of risk over the last 3 months. We have found thirty technical indicators for ATEX Resources, which you can use to evaluate the volatility of the firm. Please confirm ATEX Resources' Downside Deviation of 3.04, mean deviation of 2.39, and Risk Adjusted Performance of 0.0211 to double-check if the risk estimate we provide is consistent with the expected return of 0.0468%. ATEX Resources has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ATEX Resources are expected to decrease at a much lower rate. During the bear market, ATEX Resources is likely to outperform the market. ATEX Resources now shows a risk of 3.09%. Please confirm ATEX Resources potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if ATEX Resources will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
ATEX Resources has weak 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 -0.25 indicates that over 25.0% of current ATEX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ATEX Resources lagged returns against current returns
Autocorrelation, which is ATEX 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 ATEX Resources' stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATEX Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATEX Resources stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in ATEX Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ATEX Stock Analysis
When running ATEX Resources' price analysis, check to measure ATEX 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 ATEX Resources is operating at the current time. Most of ATEX Resources' value examination focuses on studying past and present price action to predict the probability of ATEX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATEX Resources' price. Additionally, you may evaluate how the addition of ATEX Resources to your portfolios can decrease your overall portfolio volatility.