South32 Limited Stock Market Value
| SHTLF Stock | USD 2.27 0.19 7.72% |
| Symbol | South32 |
South32 '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 South32'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 South32.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in South32 on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding South32 Limited or generate 0.0% return on investment in South32 over 180 days. South32 is related to or competes with Ameriwest Lithium, and Osisko Metals. South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and So... More
South32 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 South32'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 South32 Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.61 | |||
| Information Ratio | 0.0541 | |||
| Maximum Drawdown | 25.51 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 4.8 |
South32 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South32's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South32's standard deviation. In reality, there are many statistical measures that can use South32 historical prices to predict the future South32's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.2852 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | 1.34 |
South32 Limited Backtested Returns
South32 appears to be very risky, given 3 months investment horizon. South32 Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for South32 Limited, which you can use to evaluate the volatility of the company. Please review South32's Coefficient Of Variation of 1102.05, risk adjusted performance of 0.0772, and Semi Deviation of 1.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, South32 holds a performance score of 8. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, South32's returns are expected to increase less than the market. However, during the bear market, the loss of holding South32 is expected to be smaller as well. Please check South32's skewness, and the relationship between the potential upside and day median price , to make a quick decision on whether South32's existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
South32 Limited has good reverse predictability. Overlapping area represents the amount of predictability between South32 time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 South32 Limited price movement. The serial correlation of -0.55 indicates that about 55.0% of current South32 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
South32 Limited lagged returns against current returns
Autocorrelation, which is South32 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 South32's pink sheet expected returns. We can calculate the autocorrelation of South32 returns to help us make a trade decision. For example, suppose you find that South32 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 |
South32 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 South32 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South32 pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South32 pink sheet over time.
Current vs Lagged Prices |
| Timeline |
South32 Lagged Returns
When evaluating South32's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South32 pink sheet have on its future price. South32 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, South32 autocorrelation shows the relationship between South32 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in South32 Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in South32 Pink Sheet
South32 financial ratios help investors to determine whether South32 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 South32 with respect to the benefits of owning South32 security.