Sherritt International Stock Market Value
| SHERF Stock | USD 0.12 0.01 7.69% |
| Symbol | Sherritt |
Sherritt International '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 Sherritt International's 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 Sherritt International.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Sherritt International on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Sherritt International or generate 0.0% return on investment in Sherritt International over 720 days. Sherritt International is related to or competes with Metals X, Anglo American, OM Holdings, AMG Advanced, Ardea Resources, Centaurus Metals, and Filo Mining. Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources... More
Sherritt International 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 Sherritt International's 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 Sherritt International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.94 | |||
| Information Ratio | 0.0253 | |||
| Maximum Drawdown | 127.62 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 7.69 |
Sherritt International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sherritt International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sherritt International's standard deviation. In reality, there are many statistical measures that can use Sherritt International historical prices to predict the future Sherritt International's volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.4659 | |||
| Total Risk Alpha | (2.01) | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 1.01 |
Sherritt International Backtested Returns
Sherritt International appears to be out of control, given 3 months investment horizon. Sherritt International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0402, which indicates the firm had a 0.0402% return per unit of risk over the last 3 months. By inspecting Sherritt International's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Sherritt International's Coefficient Of Variation of 2994.29, semi deviation of 7.3, and Risk Adjusted Performance of 0.0351 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sherritt International holds a performance score of 3. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sherritt International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sherritt International is expected to be smaller as well. Please check Sherritt International's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Sherritt International's existing price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Sherritt International has very good predictability. Overlapping area represents the amount of predictability between Sherritt International time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Sherritt International price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sherritt International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sherritt International lagged returns against current returns
Autocorrelation, which is Sherritt International 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 Sherritt International's pink sheet expected returns. We can calculate the autocorrelation of Sherritt International returns to help us make a trade decision. For example, suppose you find that Sherritt International 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 |
Sherritt International 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 Sherritt International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sherritt International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sherritt International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sherritt International Lagged Returns
When evaluating Sherritt International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sherritt International pink sheet have on its future price. Sherritt International 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, Sherritt International autocorrelation shows the relationship between Sherritt International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sherritt International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sherritt Pink Sheet
Sherritt International financial ratios help investors to determine whether Sherritt 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 Sherritt with respect to the benefits of owning Sherritt International security.