Sego Resources Stock Market Value
| SGZ Stock | CAD 0.03 0.01 50.00% |
| Symbol | Sego |
Sego 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 Sego 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 Sego Resources.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Sego Resources on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sego Resources or generate 0.0% return on investment in Sego Resources over 30 days. Sego Resources is related to or competes with Global X, Financial, Rubicon Organics, Amazon CDR, First Trust, and Rocky Mountain. Sego Resources Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral pr... More
Sego 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 Sego 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 Sego Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1023 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Sego Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sego Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sego Resources' standard deviation. In reality, there are many statistical measures that can use Sego Resources historical prices to predict the future Sego Resources' volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 2.09 | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.62) |
Sego Resources Backtested Returns
Sego Resources is out of control given 3 months investment horizon. Sego Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0701, which indicates the firm had a 0.0701% return per unit of risk over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Sego Resources Risk Adjusted Performance of 0.0939, variance of 257.51, and Coefficient Of Variation of 907.81 to evaluate company specific risk that cannot be diversified away. Sego Resources holds a performance score of 5 on a scale of zero to a hundred. The entity has a beta of -2.84, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sego Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Sego Resources is expected to outperform it. Use Sego Resources standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to analyze future returns on Sego Resources.
Auto-correlation | 0.00 |
No correlation between past and present
Sego Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Sego Resources time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Sego Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sego Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sego Resources lagged returns against current returns
Autocorrelation, which is Sego 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 Sego Resources' stock expected returns. We can calculate the autocorrelation of Sego Resources returns to help us make a trade decision. For example, suppose you find that Sego 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 |
Sego 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 Sego Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sego Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sego Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sego Resources Lagged Returns
When evaluating Sego Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sego Resources stock have on its future price. Sego 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, Sego Resources autocorrelation shows the relationship between Sego Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sego Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sego Stock Analysis
When running Sego Resources' price analysis, check to measure Sego 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 Sego Resources is operating at the current time. Most of Sego Resources' value examination focuses on studying past and present price action to predict the probability of Sego Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sego Resources' price. Additionally, you may evaluate how the addition of Sego Resources to your portfolios can decrease your overall portfolio volatility.