Sulliden Minerals Sa Stock Market Value
| SMC Stock | CAD 0.01 0.01 25.00% |
| Symbol | Sulliden |
Sulliden Minerals Price To Book Ratio
Sulliden 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 Sulliden Minerals' 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 Sulliden Minerals.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sulliden Minerals on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sulliden Minerals SA or generate 0.0% return on investment in Sulliden Minerals over 30 days. Sulliden Minerals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Sulliden Mining Capital Inc., a precious metals company, invests in, acquires, and develops mining properties in the Ame... More
Sulliden 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 Sulliden Minerals' 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 Sulliden Minerals SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 133.33 | |||
| Value At Risk | (20.00) |
Sulliden Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sulliden Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sulliden Minerals' standard deviation. In reality, there are many statistical measures that can use Sulliden Minerals historical prices to predict the future Sulliden Minerals' volatility.| Risk Adjusted Performance | 0.0853 | |||
| Jensen Alpha | 1.92 | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.94) |
Sulliden Minerals Backtested Returns
Sulliden Minerals appears to be out of control, given 3 months investment horizon. Sulliden Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0507, which indicates the firm had a 0.0507% return per unit of risk over the last 3 months. By inspecting Sulliden Minerals' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Sulliden Minerals' Variance of 300.17, coefficient of variation of 1008.95, and Risk Adjusted Performance of 0.0853 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sulliden Minerals holds a performance score of 3. The entity has a beta of -1.82, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sulliden Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Sulliden Minerals is expected to outperform it. Please check Sulliden Minerals' value at risk, as well as the relationship between the daily balance of power and day typical price , to make a quick decision on whether Sulliden Minerals' existing price patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Sulliden Minerals SA has poor reverse predictability. Overlapping area represents the amount of predictability between Sulliden Minerals 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 Sulliden Minerals price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sulliden Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sulliden Minerals lagged returns against current returns
Autocorrelation, which is Sulliden Minerals 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 Sulliden Minerals' stock expected returns. We can calculate the autocorrelation of Sulliden Minerals returns to help us make a trade decision. For example, suppose you find that Sulliden Minerals 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 |
Sulliden 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 Sulliden Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sulliden Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sulliden Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Sulliden Minerals Lagged Returns
When evaluating Sulliden Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sulliden Minerals stock have on its future price. Sulliden 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, Sulliden Minerals autocorrelation shows the relationship between Sulliden Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Sulliden Minerals SA.
Regressed Prices |
| Timeline |
Pair Trading with Sulliden Minerals
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 Sulliden Minerals 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 Sulliden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Sulliden Stock
The ability to find closely correlated positions to Sulliden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sulliden Minerals 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 Sulliden Minerals - 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 Sulliden Minerals SA to buy it.
The correlation of Sulliden Minerals 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 Sulliden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sulliden Minerals 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 Sulliden Minerals 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.Other Information on Investing in Sulliden Stock
Sulliden Minerals financial ratios help investors to determine whether Sulliden Stock 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 Sulliden with respect to the benefits of owning Sulliden Minerals security.