Sandfire Resources (Germany) Market Value
| S2Z Stock | EUR 6.45 0.35 5.74% |
| Symbol | Sandfire |
Sandfire 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 Sandfire 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 Sandfire Resources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sandfire Resources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sandfire Resources Limited or generate 0.0% return on investment in Sandfire Resources over 30 days. Sandfire Resources is related to or competes with Tsingtao Brewery, Sixt Leasing, LANDSEA HOMES, Lendlease, Corporate Office, FUYO GENERAL, and China Resources. Sandfire Resources NL explores for, evaluates, and develops mineral tenements and projects in Australia and internationa... More
Sandfire 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 Sandfire 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 Sandfire Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1436 | |||
| Maximum Drawdown | 11.95 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.81 |
Sandfire Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandfire Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandfire Resources' standard deviation. In reality, there are many statistical measures that can use Sandfire Resources historical prices to predict the future Sandfire Resources' volatility.| Risk Adjusted Performance | 0.1521 | |||
| Jensen Alpha | 0.3926 | |||
| Total Risk Alpha | 0.0824 | |||
| Sortino Ratio | 0.1559 | |||
| Treynor Ratio | 1.56 |
Sandfire Resources Backtested Returns
Sandfire Resources appears to be somewhat reliable, given 3 months investment horizon. Sandfire Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sandfire Resources Limited, which you can use to evaluate the volatility of the company. Please review Sandfire Resources' Semi Deviation of 1.41, risk adjusted performance of 0.1521, and Coefficient Of Variation of 496.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sandfire Resources holds a performance score of 11. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sandfire Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sandfire Resources is expected to be smaller as well. Please check Sandfire Resources' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Sandfire Resources' existing price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Sandfire Resources Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Sandfire Resources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Sandfire Resources price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Sandfire Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sandfire Resources lagged returns against current returns
Autocorrelation, which is Sandfire 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 Sandfire Resources' stock expected returns. We can calculate the autocorrelation of Sandfire Resources returns to help us make a trade decision. For example, suppose you find that Sandfire 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 |
Sandfire 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 Sandfire Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandfire Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandfire Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sandfire Resources Lagged Returns
When evaluating Sandfire Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandfire Resources stock have on its future price. Sandfire 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, Sandfire Resources autocorrelation shows the relationship between Sandfire Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sandfire Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sandfire Stock
Sandfire Resources financial ratios help investors to determine whether Sandfire Stock 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 Sandfire with respect to the benefits of owning Sandfire Resources security.