Seabridge Gold Stock Market Value
| SA Stock | USD 15.09 0.33 2.24% |
| Symbol | Seabridge |
Seabridge Gold Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Seabridge Gold. If investors know Seabridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Seabridge Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.679 | Earnings Share (0.11) | Return On Assets (0.01) | Return On Equity (0.02) |
The market value of Seabridge Gold is measured differently than its book value, which is the value of Seabridge that is recorded on the company's balance sheet. Investors also form their own opinion of Seabridge Gold's value that differs from its market value or its book value, called intrinsic value, which is Seabridge Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Seabridge Gold's market value can be influenced by many factors that don't directly affect Seabridge Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Seabridge Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seabridge Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seabridge Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Seabridge Gold '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 Seabridge Gold'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 Seabridge Gold.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Seabridge Gold on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Seabridge Gold or generate 0.0% return on investment in Seabridge Gold over 180 days. Seabridge Gold is related to or competes with Agnico Eagle, Pan American, Kinross Gold, B2Gold Corp, and Royal Gold. Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in No... More
Seabridge Gold 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 Seabridge Gold'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 Seabridge Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 3.31 |
Seabridge Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seabridge Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seabridge Gold's standard deviation. In reality, there are many statistical measures that can use Seabridge Gold historical prices to predict the future Seabridge Gold's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.51) |
Seabridge Gold Backtested Returns
Seabridge Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.088, which indicates the firm had a -0.088% return per unit of risk over the last 3 months. Seabridge Gold exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seabridge Gold's Variance of 7.95, risk adjusted performance of (0.07), and Coefficient Of Variation of (935.49) to confirm the risk estimate we provide. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Seabridge Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seabridge Gold is expected to be smaller as well. At this point, Seabridge Gold has a negative expected return of -0.25%. Please make sure to validate Seabridge Gold's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Seabridge Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Seabridge Gold has modest reverse predictability. Overlapping area represents the amount of predictability between Seabridge Gold time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Seabridge Gold price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Seabridge Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
Seabridge Gold lagged returns against current returns
Autocorrelation, which is Seabridge Gold 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 Seabridge Gold's stock expected returns. We can calculate the autocorrelation of Seabridge Gold returns to help us make a trade decision. For example, suppose you find that Seabridge Gold 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 |
Seabridge Gold 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 Seabridge Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seabridge Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seabridge Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Seabridge Gold Lagged Returns
When evaluating Seabridge Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seabridge Gold stock have on its future price. Seabridge Gold 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, Seabridge Gold autocorrelation shows the relationship between Seabridge Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Seabridge Gold.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Seabridge Gold Correlation, Seabridge Gold Volatility and Seabridge Gold Alpha and Beta module to complement your research on Seabridge Gold. For information on how to trade Seabridge Stock refer to our How to Trade Seabridge Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Seabridge Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.