Scottie Resources Corp Stock Market Value
| SCTSF Stock | USD 0.12 0.02 14.29% |
| Symbol | Scottie |
Scottie Resources '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 Scottie Resources' 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 Scottie Resources.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Scottie Resources on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Scottie Resources Corp or generate 0.0% return on investment in Scottie Resources over 510 days. Scottie Resources is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Scottie Resources Corp., an exploration stage company, acquires, explores, and evaluates mineral properties in British C... More
Scottie Resources 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 Scottie Resources' 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 Scottie Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Scottie Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scottie Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scottie Resources' standard deviation. In reality, there are many statistical measures that can use Scottie Resources historical prices to predict the future Scottie Resources' volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scottie Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Scottie Resources Corp Backtested Returns
At this point, Scottie Resources is out of control. Scottie Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0147, which indicates the firm had a 0.0147% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Scottie Resources Corp, which you can use to evaluate the volatility of the company. Please validate Scottie Resources' Coefficient Of Variation of (69,910), risk adjusted performance of 0.0078, and Variance of 47.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Scottie Resources has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scottie Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Scottie Resources is expected to be smaller as well. Scottie Resources Corp right now has a risk of 6.92%. Please validate Scottie Resources jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Scottie Resources will be following its existing price patterns.
Auto-correlation | 0.55 |
Modest predictability
Scottie Resources Corp has modest predictability. Overlapping area represents the amount of predictability between Scottie Resources 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 Scottie Resources Corp price movement. The serial correlation of 0.55 indicates that about 55.0% of current Scottie Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scottie Resources Corp lagged returns against current returns
Autocorrelation, which is Scottie Resources 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 Scottie Resources' otc stock expected returns. We can calculate the autocorrelation of Scottie Resources returns to help us make a trade decision. For example, suppose you find that Scottie Resources 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 |
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Scottie Resources 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 Scottie Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scottie Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scottie Resources otc stock over time.
Current vs Lagged Prices |
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Scottie Resources Lagged Returns
When evaluating Scottie Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scottie Resources otc stock have on its future price. Scottie Resources 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, Scottie Resources autocorrelation shows the relationship between Scottie Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Scottie Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Scottie OTC Stock
Scottie Resources financial ratios help investors to determine whether Scottie 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 Scottie with respect to the benefits of owning Scottie Resources security.