Seabridge Gold Stock Market Value
| SEA Stock | CAD 20.05 0.21 1.04% |
| Symbol | Seabridge |
Seabridge Gold Price To Book Ratio
Seabridge 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 Seabridge 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 Seabridge Gold.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Seabridge Gold on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Seabridge Gold or generate 0.0% return on investment in Seabridge Gold over 30 days. Seabridge Gold is related to or competes with NovaGold Resources, Sandstorm Gold, MAG Silver, Osisko Gold, and SSR Mining. Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in No... More
Seabridge 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 Seabridge 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 Seabridge Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.56 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 3.31 |
Seabridge Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seabridge Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seabridge Gold's standard deviation. In reality, there are many statistical measures that can use Seabridge Gold historical prices to predict the future Seabridge Gold's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (2.41) |
Seabridge Gold Backtested Returns
Seabridge Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0839, which indicates the firm had a -0.0839% return per unit of risk over the last 3 months. Seabridge Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seabridge Gold's Coefficient Of Variation of (1,126), risk adjusted performance of (0.06), and Variance of 7.99 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seabridge Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seabridge Gold is expected to be smaller as well. At this point, Seabridge Gold has a negative expected return of -0.24%. Please make sure to validate Seabridge Gold's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Seabridge Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Seabridge Gold has very weak reverse predictability. Overlapping area represents the amount of predictability between Seabridge Gold time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Seabridge Gold price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Seabridge Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Seabridge Gold lagged returns against current returns
Autocorrelation, which is Seabridge 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 Seabridge Gold's stock expected returns. We can calculate the autocorrelation of Seabridge Gold returns to help us make a trade decision. For example, suppose you find that Seabridge 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 |
Seabridge 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 Seabridge Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seabridge Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seabridge Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Seabridge Gold Lagged Returns
When evaluating Seabridge Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seabridge Gold stock have on its future price. Seabridge 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, Seabridge Gold autocorrelation shows the relationship between Seabridge Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Seabridge Gold.
Regressed Prices |
| Timeline |
Pair Trading with Seabridge 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 Seabridge 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 Seabridge Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Seabridge Stock
Moving against Seabridge Stock
| 0.59 | TSLA | Tesla Inc CDR | PairCorr |
| 0.44 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.35 | AMZN | Amazon CDR | PairCorr |
| 0.33 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Seabridge 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 Seabridge 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 Seabridge 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 Seabridge Gold to buy it.
The correlation of Seabridge 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 Seabridge Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seabridge Gold 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 Seabridge 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.Check out Seabridge Gold Correlation, Seabridge Gold Volatility and Seabridge Gold Alpha and Beta module to complement your research on Seabridge Gold. To learn how to invest in Seabridge Stock, please use our How to Invest in Seabridge Gold guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Seabridge Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.