Santana Minerals (Australia) Market Value

SMI Stock   0.46  0.01  2.13%   
Santana Minerals' market value is the price at which a share of Santana Minerals trades on a public exchange. It measures the collective expectations of Santana Minerals investors about its performance. Santana Minerals is selling for under 0.46 as of the 24th of December 2024; that is 2.13 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 0.45.
With this module, you can estimate the performance of a buy and hold strategy of Santana Minerals and determine expected loss or profit from investing in Santana Minerals over a given investment horizon. Check out Santana Minerals Correlation, Santana Minerals Volatility and Santana Minerals Alpha and Beta module to complement your research on Santana Minerals.
Symbol

Please note, there is a significant difference between Santana Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Santana Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Santana 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.

Santana 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 Santana 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 Santana Minerals.
0.00
06/27/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/24/2024
0.00
If you would invest  0.00  in Santana Minerals on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Santana Minerals or generate 0.0% return on investment in Santana Minerals over 180 days. Santana Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Santana Minerals is entity of Australia. It is traded as Stock on AU exchange. More

Santana 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 Santana 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 Santana Minerals upside and downside potential and time the market with a certain degree of confidence.

Santana Minerals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Santana Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Santana Minerals' standard deviation. In reality, there are many statistical measures that can use Santana Minerals historical prices to predict the future Santana Minerals' volatility.
Hype
Prediction
LowEstimatedHigh
0.020.455.24
Details
Intrinsic
Valuation
LowRealHigh
0.020.445.23
Details
Naive
Forecast
LowNextHigh
0.010.465.25
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.0025-0.0025-0.0025
Details

Santana Minerals Backtested Returns

Santana Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Santana Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Santana Minerals' Variance of 23.37, risk adjusted performance of (0.08), and Coefficient Of Variation of (898.67) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Santana Minerals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Santana Minerals is expected to be smaller as well. At this point, Santana Minerals has a negative expected return of -0.73%. Please make sure to validate Santana Minerals' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Santana Minerals performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.94  

Near perfect reversele predictability

Santana Minerals has near perfect reversele predictability. Overlapping area represents the amount of predictability between Santana Minerals time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th of December 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 Santana Minerals price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current Santana Minerals price fluctuation can be explain by its past prices.
Correlation Coefficient-0.94
Spearman Rank Test-0.91
Residual Average0.0
Price Variance0.01

Santana Minerals lagged returns against current returns

Autocorrelation, which is Santana 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 Santana Minerals' stock expected returns. We can calculate the autocorrelation of Santana Minerals returns to help us make a trade decision. For example, suppose you find that Santana 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  

Santana 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 Santana Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Santana Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Santana Minerals stock over time.
   Current vs Lagged Prices   
       Timeline  

Santana Minerals Lagged Returns

When evaluating Santana Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Santana Minerals stock have on its future price. Santana 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, Santana Minerals autocorrelation shows the relationship between Santana Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Santana Minerals.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Santana Stock Analysis

When running Santana Minerals' price analysis, check to measure Santana Minerals' 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 Santana Minerals is operating at the current time. Most of Santana Minerals' value examination focuses on studying past and present price action to predict the probability of Santana Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Santana Minerals' price. Additionally, you may evaluate how the addition of Santana Minerals to your portfolios can decrease your overall portfolio volatility.