Sailfish Royalty Corp Stock Market Value
| FISH Stock | CAD 1.40 0.03 2.19% |
| Symbol | Sailfish |
Sailfish Royalty Corp Price To Book Ratio
Sailfish Royalty '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 Sailfish Royalty's 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 Sailfish Royalty.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Sailfish Royalty on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Sailfish Royalty Corp or generate 0.0% return on investment in Sailfish Royalty over 390 days. Sailfish Royalty is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Sailfish Royalty Corp. engages in the acquisition of gold and silver royalty and streaming agreements in the Americas More
Sailfish Royalty 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 Sailfish Royalty's 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 Sailfish Royalty Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 19.01 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 5.3 |
Sailfish Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sailfish Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sailfish Royalty's standard deviation. In reality, there are many statistical measures that can use Sailfish Royalty historical prices to predict the future Sailfish Royalty's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.2753 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | (0.86) |
Sailfish Royalty Corp Backtested Returns
Sailfish Royalty appears to be dangerous, given 3 months investment horizon. Sailfish Royalty Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.099, which indicates the firm had a 0.099% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sailfish Royalty Corp, which you can use to evaluate the volatility of the company. Please review Sailfish Royalty's Semi Deviation of 2.55, risk adjusted performance of 0.0741, and Coefficient Of Variation of 1144.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sailfish Royalty holds a performance score of 7. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sailfish Royalty are expected to decrease at a much lower rate. During the bear market, Sailfish Royalty is likely to outperform the market. Please check Sailfish Royalty's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sailfish Royalty's existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Sailfish Royalty Corp has below average predictability. Overlapping area represents the amount of predictability between Sailfish Royalty time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th of November 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 Sailfish Royalty Corp price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Sailfish Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sailfish Royalty Corp lagged returns against current returns
Autocorrelation, which is Sailfish Royalty 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 Sailfish Royalty's stock expected returns. We can calculate the autocorrelation of Sailfish Royalty returns to help us make a trade decision. For example, suppose you find that Sailfish Royalty 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 |
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Sailfish Royalty 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 Sailfish Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sailfish Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sailfish Royalty stock over time.
Current vs Lagged Prices |
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Sailfish Royalty Lagged Returns
When evaluating Sailfish Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sailfish Royalty stock have on its future price. Sailfish Royalty 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, Sailfish Royalty autocorrelation shows the relationship between Sailfish Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Sailfish Royalty Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sailfish Stock Analysis
When running Sailfish Royalty's price analysis, check to measure Sailfish Royalty's 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 Sailfish Royalty is operating at the current time. Most of Sailfish Royalty's value examination focuses on studying past and present price action to predict the probability of Sailfish Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sailfish Royalty's price. Additionally, you may evaluate how the addition of Sailfish Royalty to your portfolios can decrease your overall portfolio volatility.