Scandium Canada Stock Market Value
| SCD Stock | CAD 0.02 0.01 20.00% |
| Symbol | Scandium |
Scandium Canada '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 Scandium Canada'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 Scandium Canada.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Scandium Canada on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Scandium Canada or generate 0.0% return on investment in Scandium Canada over 60 days. Scandium Canada is related to or competes with Canadian Natural, Tourmaline Oil, Ovintiv, ARC Resources, PrairieSky Royalty, MEG Energy, and Whitecap Resources. Samoth Oilfield Inc. engages in the development and production of natural gas and natural gas liquids in Western Canada More
Scandium Canada 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 Scandium Canada'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 Scandium Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 70.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Scandium Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandium Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandium Canada's standard deviation. In reality, there are many statistical measures that can use Scandium Canada historical prices to predict the future Scandium Canada's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (1.93) | |||
| Treynor Ratio | (0.13) |
Scandium Canada Backtested Returns
At this stage we consider Scandium Stock to be out of control. Scandium Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0064, which indicates the firm had a 0.0064% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Scandium Canada, which you can use to evaluate the volatility of the company. Please validate Scandium Canada's Risk Adjusted Performance of 0.0077, coefficient of variation of (44,961), and Variance of 147.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.0806%. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scandium Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scandium Canada is expected to be smaller as well. Scandium Canada right now has a risk of 12.58%. Please validate Scandium Canada jensen alpha and the relationship between the potential upside and price action indicator , to decide if Scandium Canada will be following its existing price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Scandium Canada has very weak predictability. Overlapping area represents the amount of predictability between Scandium Canada time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Scandium Canada price movement. The serial correlation of 0.18 indicates that over 18.0% of current Scandium Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandium Canada lagged returns against current returns
Autocorrelation, which is Scandium Canada 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 Scandium Canada's stock expected returns. We can calculate the autocorrelation of Scandium Canada returns to help us make a trade decision. For example, suppose you find that Scandium Canada 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 |
Scandium Canada 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 Scandium Canada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandium Canada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandium Canada stock over time.
Current vs Lagged Prices |
| Timeline |
Scandium Canada Lagged Returns
When evaluating Scandium Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandium Canada stock have on its future price. Scandium Canada 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, Scandium Canada autocorrelation shows the relationship between Scandium Canada stock current value and its past values and can show if there is a momentum factor associated with investing in Scandium Canada.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scandium Stock Analysis
When running Scandium Canada's price analysis, check to measure Scandium Canada's 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 Scandium Canada is operating at the current time. Most of Scandium Canada's value examination focuses on studying past and present price action to predict the probability of Scandium Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandium Canada's price. Additionally, you may evaluate how the addition of Scandium Canada to your portfolios can decrease your overall portfolio volatility.