Altima Resources Stock Market Value
| ARSLF Stock | USD 0.33 0.05 13.16% |
| Symbol | Altima |
Altima 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 Altima 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 Altima Resources.
| 08/19/2025 |
| 11/17/2025 |
If you would invest 0.00 in Altima Resources on August 19, 2025 and sell it all today you would earn a total of 0.00 from holding Altima Resources or generate 0.0% return on investment in Altima Resources over 90 days. Altima Resources is related to or competes with Challenger Energy, Guardian Exploration, Desert Mountain, and Wilton Resources. Altima Resources Ltd. engages in the acquisition, exploration, and development of petroleum and natural gas properties More
Altima 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 Altima 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 Altima Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 66.19 | |||
| Value At Risk | (13.16) | |||
| Potential Upside | 12.9 |
Altima Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altima Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altima Resources' standard deviation. In reality, there are many statistical measures that can use Altima Resources historical prices to predict the future Altima Resources' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.54) | |||
| Treynor Ratio | 0.7375 |
Altima Resources Backtested Returns
Altima Resources secures Sharpe Ratio (or Efficiency) of -0.0405, which signifies that the company had a -0.0405 % return per unit of risk over the last 3 months. Altima Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altima Resources' Mean Deviation of 7.0, standard deviation of 9.65, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Altima Resources are expected to decrease at a much lower rate. During the bear market, Altima Resources is likely to outperform the market. At this point, Altima Resources has a negative expected return of -0.39%. Please make sure to confirm Altima Resources' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Altima Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Altima Resources has virtually no predictability. Overlapping area represents the amount of predictability between Altima Resources time series from 19th of August 2025 to 3rd of October 2025 and 3rd of October 2025 to 17th of November 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 Altima Resources price movement. The serial correlation of 0.03 indicates that only 3.0% of current Altima Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altima Resources lagged returns against current returns
Autocorrelation, which is Altima 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 Altima Resources' pink sheet expected returns. We can calculate the autocorrelation of Altima Resources returns to help us make a trade decision. For example, suppose you find that Altima 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 |
Altima 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 Altima Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altima 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 Altima Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Altima Resources Lagged Returns
When evaluating Altima Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altima Resources pink sheet have on its future price. Altima 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, Altima Resources autocorrelation shows the relationship between Altima Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Altima Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Altima Pink Sheet
Altima Resources financial ratios help investors to determine whether Altima 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 Altima with respect to the benefits of owning Altima Resources security.