Serabi Gold Plc Stock Market Value
| SBI Stock | CAD 1.59 0.02 1.27% |
| Symbol | Serabi |
Serabi Gold PLC Price To Book Ratio
Serabi 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 Serabi 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 Serabi Gold.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Serabi Gold on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Serabi Gold PLC or generate 0.0% return on investment in Serabi Gold over 390 days. Serabi Gold is related to or competes with RT Minerals, and Rackla Metals. Serabi Gold plc primarily engages in the exploration, mining, and development of gold projects in Brazil and the United ... More
Serabi 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 Serabi 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 Serabi Gold PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.23 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 34.14 | |||
| Value At Risk | (6.17) | |||
| Potential Upside | 8.72 |
Serabi Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Serabi Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Serabi Gold's standard deviation. In reality, there are many statistical measures that can use Serabi Gold historical prices to predict the future Serabi Gold's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.5183 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1014 | |||
| Treynor Ratio | 5.36 |
Serabi Gold PLC Backtested Returns
Serabi Gold appears to be extremely dangerous, given 3 months investment horizon. Serabi Gold PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Serabi Gold's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Serabi Gold's Semi Deviation of 3.75, coefficient of variation of 983.47, and Risk Adjusted Performance of 0.0861 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Serabi Gold holds a performance score of 8. The entity has a beta of 0.0985, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Serabi Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Serabi Gold is expected to be smaller as well. Please check Serabi Gold's maximum drawdown, skewness, day typical price, as well as the relationship between the downside variance and daily balance of power , to make a quick decision on whether Serabi Gold's existing price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Serabi Gold PLC has very good predictability. Overlapping area represents the amount of predictability between Serabi Gold time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Serabi Gold PLC price movement. The serial correlation of 0.82 indicates that around 82.0% of current Serabi Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Serabi Gold PLC lagged returns against current returns
Autocorrelation, which is Serabi 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 Serabi Gold's stock expected returns. We can calculate the autocorrelation of Serabi Gold returns to help us make a trade decision. For example, suppose you find that Serabi 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 |
Serabi 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 Serabi Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Serabi Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Serabi Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Serabi Gold Lagged Returns
When evaluating Serabi Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Serabi Gold stock have on its future price. Serabi 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, Serabi Gold autocorrelation shows the relationship between Serabi Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Serabi Gold PLC.
Regressed Prices |
| Timeline |
Pair Trading with Serabi Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Serabi Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Serabi Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Serabi Stock
Moving against Serabi Stock
The ability to find closely correlated positions to Serabi Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Serabi Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Serabi Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Serabi Gold PLC to buy it.
The correlation of Serabi Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Serabi Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Serabi Gold PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Serabi Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Serabi Stock
Serabi Gold financial ratios help investors to determine whether Serabi 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 Serabi with respect to the benefits of owning Serabi Gold security.