Saga Metals Corp Stock Market Value
| SAGA Stock | 0.31 0.01 3.13% |
| Symbol | Saga |
Saga Metals '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 Saga Metals' 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 Saga Metals.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Saga Metals on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Saga Metals Corp or generate 0.0% return on investment in Saga Metals over 30 days. Saga Metals is related to or competes with Canadian General, Chemtrade Logistics, Westshore Terminals, and Caribbean Utilities. Saga Metals is entity of Canada. It is traded as Stock on V exchange. More
Saga Metals 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 Saga Metals' 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 Saga Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 28.97 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.11 |
Saga Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Metals' standard deviation. In reality, there are many statistical measures that can use Saga Metals historical prices to predict the future Saga Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.82) |
Saga Metals Corp Backtested Returns
At this stage we consider Saga Stock to be out of control. Saga Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Saga Metals Corp, which you can use to evaluate the volatility of the company. Please validate Saga Metals' Variance of 23.31, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,073) to confirm if the risk estimate we provide is consistent with the expected return of 0.0089%. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Saga Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Saga Metals is expected to be smaller as well. Saga Metals Corp right now has a risk of 4.81%. Please validate Saga Metals treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Saga Metals will be following its existing price patterns.
Auto-correlation | 0.90 |
Excellent predictability
Saga Metals Corp has excellent predictability. Overlapping area represents the amount of predictability between Saga Metals time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 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 Saga Metals Corp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Saga Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saga Metals Corp lagged returns against current returns
Autocorrelation, which is Saga Metals 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 Saga Metals' stock expected returns. We can calculate the autocorrelation of Saga Metals returns to help us make a trade decision. For example, suppose you find that Saga Metals 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 |
Saga Metals 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 Saga Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Metals Lagged Returns
When evaluating Saga Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Metals stock have on its future price. Saga Metals 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, Saga Metals autocorrelation shows the relationship between Saga Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Saga Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Saga Stock Analysis
When running Saga Metals' price analysis, check to measure Saga Metals' 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 Saga Metals is operating at the current time. Most of Saga Metals' value examination focuses on studying past and present price action to predict the probability of Saga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saga Metals' price. Additionally, you may evaluate how the addition of Saga Metals to your portfolios can decrease your overall portfolio volatility.