Spartan Delta Corp Stock Market Value
| SDE Stock | 3.68 0.02 0.55% |
| Symbol | Spartan |
Spartan Delta Corp Price To Book Ratio
Spartan Delta '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 Spartan Delta'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 Spartan Delta.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Spartan Delta on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Spartan Delta Corp or generate 0.0% return on investment in Spartan Delta over 360 days. Spartan Delta is related to or competes with Headwater Exploration, Topaz Energy, Pine Cliff, and Journey Energy. Spartan Delta is entity of Canada. It is traded as Stock on TO exchange. More
Spartan Delta 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 Spartan Delta'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 Spartan Delta Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.07 |
Spartan Delta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spartan Delta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spartan Delta's standard deviation. In reality, there are many statistical measures that can use Spartan Delta historical prices to predict the future Spartan Delta's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.12) |
Spartan Delta Corp Backtested Returns
Spartan Delta Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0357, which indicates the firm had a -0.0357% return per unit of risk over the last 3 months. Spartan Delta Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spartan Delta's Risk Adjusted Performance of (0.01), coefficient of variation of (4,607), and Variance of 6.97 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spartan Delta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spartan Delta is expected to be smaller as well. At this point, Spartan Delta Corp has a negative expected return of -0.0951%. Please make sure to validate Spartan Delta's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Spartan Delta Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Spartan Delta Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Spartan Delta time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Spartan Delta Corp price movement. The serial correlation of -0.84 indicates that around 84.0% of current Spartan Delta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Spartan Delta Corp lagged returns against current returns
Autocorrelation, which is Spartan Delta 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 Spartan Delta's stock expected returns. We can calculate the autocorrelation of Spartan Delta returns to help us make a trade decision. For example, suppose you find that Spartan Delta 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 |
Spartan Delta 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 Spartan Delta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spartan Delta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spartan Delta stock over time.
Current vs Lagged Prices |
| Timeline |
Spartan Delta Lagged Returns
When evaluating Spartan Delta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spartan Delta stock have on its future price. Spartan Delta 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, Spartan Delta autocorrelation shows the relationship between Spartan Delta stock current value and its past values and can show if there is a momentum factor associated with investing in Spartan Delta Corp.
Regressed Prices |
| Timeline |
Pair Trading with Spartan Delta
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 Spartan Delta 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 Spartan Delta will appreciate offsetting losses from the drop in the long position's value.Moving against Spartan Stock
| 0.71 | ENS | E Split Corp | PairCorr |
| 0.67 | FFH | Fairfax Financial | PairCorr |
| 0.65 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.57 | ENS-PA | E Split Corp | PairCorr |
| 0.56 | FFH-PC | Fairfax Fin Hld | PairCorr |
The ability to find closely correlated positions to Spartan Delta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spartan Delta 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 Spartan Delta - 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 Spartan Delta Corp to buy it.
The correlation of Spartan Delta 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 Spartan Delta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spartan Delta Corp 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 Spartan Delta 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 Spartan Stock
Spartan Delta financial ratios help investors to determine whether Spartan 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 Spartan with respect to the benefits of owning Spartan Delta security.