Stroud Resources Stock Market Value
| SDR Stock | CAD 0.05 0.01 16.67% |
| Symbol | Stroud |
Stroud 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 Stroud Resources' 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 Stroud Resources.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Stroud Resources on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Stroud Resources or generate 0.0% return on investment in Stroud Resources over 360 days. Stroud Resources is related to or competes with Yangarra Resources, and Pine Cliff. Stroud Resources Ltd., a junior resource company, engages in the acquisition, exploration, and development of mineral pr... More
Stroud 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 Stroud Resources' 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 Stroud Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.32 | |||
| Information Ratio | 0.0157 | |||
| Maximum Drawdown | 117.14 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Stroud Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stroud Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stroud Resources' standard deviation. In reality, there are many statistical measures that can use Stroud Resources historical prices to predict the future Stroud Resources' volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.4367 | |||
| Total Risk Alpha | (2.42) | |||
| Sortino Ratio | 0.0113 | |||
| Treynor Ratio | (1.09) |
Stroud Resources Backtested Returns
Stroud Resources appears to be out of control, given 3 months investment horizon. Stroud Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0242, which indicates the firm had a 0.0242% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stroud Resources, which you can use to evaluate the volatility of the company. Please review Stroud Resources' Risk Adjusted Performance of 0.0278, semi deviation of 11.97, and Coefficient Of Variation of 4195.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Stroud Resources holds a performance score of 1. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Stroud Resources are expected to decrease at a much lower rate. During the bear market, Stroud Resources is likely to outperform the market. Please check Stroud Resources' value at risk and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Stroud Resources' existing price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Stroud Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Stroud Resources time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Stroud Resources price movement. The serial correlation of -0.24 indicates that over 24.0% of current Stroud Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stroud Resources lagged returns against current returns
Autocorrelation, which is Stroud Resources 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 Stroud Resources' stock expected returns. We can calculate the autocorrelation of Stroud Resources returns to help us make a trade decision. For example, suppose you find that Stroud Resources 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 |
Stroud 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 Stroud Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stroud Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stroud Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Stroud Resources Lagged Returns
When evaluating Stroud Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stroud Resources stock have on its future price. Stroud 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, Stroud Resources autocorrelation shows the relationship between Stroud Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Stroud Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Stroud Stock Analysis
When running Stroud Resources' price analysis, check to measure Stroud Resources' 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 Stroud Resources is operating at the current time. Most of Stroud Resources' value examination focuses on studying past and present price action to predict the probability of Stroud Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stroud Resources' price. Additionally, you may evaluate how the addition of Stroud Resources to your portfolios can decrease your overall portfolio volatility.