Sterling Metals Corp Stock Market Value
| SAGGF Stock | USD 0.03 0 6.93% |
| Symbol | Sterling |
Sterling 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 Sterling Metals' otc 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 Sterling Metals.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Sterling Metals on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Sterling Metals Corp or generate 0.0% return on investment in Sterling Metals over 510 days. Sterling Metals is related to or competes with Progressive Planet, Mundoro Capital, and Amarc Resources. Sterling Metals Corp. engages in the discovery, acquisition, exploration, and development of mineral properties in Canad... More
Sterling 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 Sterling Metals' otc 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 Sterling Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 56.45 | |||
| Value At Risk | (16.06) | |||
| Potential Upside | 13.25 |
Sterling Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling Metals' standard deviation. In reality, there are many statistical measures that can use Sterling Metals historical prices to predict the future Sterling Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.99) | |||
| Treynor Ratio | 0.3833 |
Sterling Metals Corp Backtested Returns
Sterling Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0642, which indicates the firm had a -0.0642% return per unit of risk over the last 3 months. Sterling Metals Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sterling Metals' Coefficient Of Variation of (2,076), variance of 94.7, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -1.25, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sterling Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Sterling Metals is expected to outperform it. At this point, Sterling Metals Corp has a negative expected return of -0.64%. Please make sure to validate Sterling Metals' information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Sterling Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Sterling Metals Corp has very weak predictability. Overlapping area represents the amount of predictability between Sterling Metals time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Sterling Metals Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Sterling Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sterling Metals Corp lagged returns against current returns
Autocorrelation, which is Sterling Metals otc 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 Sterling Metals' otc stock expected returns. We can calculate the autocorrelation of Sterling Metals returns to help us make a trade decision. For example, suppose you find that Sterling Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Sterling 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 Sterling Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sterling Metals Lagged Returns
When evaluating Sterling Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling Metals otc stock have on its future price. Sterling 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, Sterling Metals autocorrelation shows the relationship between Sterling Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sterling Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sterling OTC Stock
Sterling Metals financial ratios help investors to determine whether Sterling OTC 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 Sterling with respect to the benefits of owning Sterling Metals security.