Search Minerals' market value is the price at which a share of Search Minerals trades on a public exchange. It measures the collective expectations of Search Minerals investors about its performance. Search Minerals is trading at 0.0158 as of the 18th of January 2025. This is a 8.97 percent increase since the beginning of the trading day. The stock's lowest day price was 0.0158. With this module, you can estimate the performance of a buy and hold strategy of Search Minerals and determine expected loss or profit from investing in Search Minerals over a given investment horizon. Check out Search Minerals Correlation, Search Minerals Volatility and Search Minerals Alpha and Beta module to complement your research on Search Minerals.
Please note, there is a significant difference between Search Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Search Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Search Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Search Minerals '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 Search Minerals' pink sheet 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 Search Minerals.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Search Minerals on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Search Minerals or generate 0.0% return on investment in Search Minerals over 30 days. Search Minerals is related to or competes with Aldebaran Resources, Strategic Metals, Alpha Copper, Graphex Group, Texas Rare, Adriatic Metals, and Aurelia Metals. Search Minerals Inc. engages in the acquisition, evaluation, and exploration of mineral resource properties in Canada More
Search Minerals 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 Search Minerals' pink sheet 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 Search Minerals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Search Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Search Minerals' standard deviation. In reality, there are many statistical measures that can use Search Minerals historical prices to predict the future Search Minerals' volatility.
Search Minerals is out of control given 3 months investment horizon. Search Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 9.42% are justified by taking the suggested risk. Use Search Minerals Risk Adjusted Performance of 0.111, coefficient of variation of 826.92, and Semi Deviation of 17.26 to evaluate company specific risk that cannot be diversified away. Search Minerals holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -3.57, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Search Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Search Minerals is expected to outperform it. Use Search Minerals information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Search Minerals.
Auto-correlation
0.35
Below average predictability
Search Minerals has below average predictability. Overlapping area represents the amount of predictability between Search Minerals time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Search Minerals price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Search Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient
0.35
Spearman Rank Test
-0.13
Residual Average
0.0
Price Variance
0.0
Search Minerals lagged returns against current returns
Autocorrelation, which is Search Minerals pink sheet'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 Search Minerals' pink sheet expected returns. We can calculate the autocorrelation of Search Minerals returns to help us make a trade decision. For example, suppose you find that Search Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Search Minerals 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 Search Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Search Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Search Minerals pink sheet over time.
Current vs Lagged Prices
Timeline
Search Minerals Lagged Returns
When evaluating Search Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Search Minerals pink sheet have on its future price. Search Minerals 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, Search Minerals autocorrelation shows the relationship between Search Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Search Minerals.
Other Information on Investing in Search Pink Sheet
Search Minerals financial ratios help investors to determine whether Search Pink Sheet 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 Search with respect to the benefits of owning Search Minerals security.