Sun Summit Minerals Stock Market Value
| SMN Stock | CAD 0.14 0.01 6.67% |
| Symbol | Sun |
Sun Summit Minerals Price To Book Ratio
Sun Summit '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 Sun Summit's 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 Sun Summit.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Sun Summit on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Sun Summit Minerals or generate 0.0% return on investment in Sun Summit over 720 days. Sun Summit is related to or competes with Fremont Gold. San Marco Resources Inc. engages in the acquisition, exploration, and development of precious metal properties in Mexico... More
Sun Summit 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 Sun Summit's 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 Sun Summit Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 75.0 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 12.0 |
Sun Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Summit's standard deviation. In reality, there are many statistical measures that can use Sun Summit historical prices to predict the future Sun Summit's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0792 | |||
| Total Risk Alpha | (1.73) | |||
| Treynor Ratio | 0.0619 |
Sun Summit Minerals Backtested Returns
At this stage we consider Sun Stock to be out of control. Sun Summit Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of 2.0E-4, which indicates the firm had a 2.0E-4% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Sun Summit Minerals, which you can use to evaluate the volatility of the company. Please validate Sun Summit's Coefficient Of Variation of (14,252), variance of 109.26, and Risk Adjusted Performance of 0.0039 to confirm if the risk estimate we provide is consistent with the expected return of 0.0025%. The entity has a beta of -1.35, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sun Summit are expected to decrease by larger amounts. On the other hand, during market turmoil, Sun Summit is expected to outperform it. Sun Summit Minerals right now has a risk of 10.6%. Please validate Sun Summit skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Sun Summit will be following its existing price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Sun Summit Minerals has modest reverse predictability. Overlapping area represents the amount of predictability between Sun Summit time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Sun Summit Minerals price movement. The serial correlation of -0.46 indicates that about 46.0% of current Sun Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sun Summit Minerals lagged returns against current returns
Autocorrelation, which is Sun Summit 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 Sun Summit's stock expected returns. We can calculate the autocorrelation of Sun Summit returns to help us make a trade decision. For example, suppose you find that Sun Summit 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 |
Sun Summit 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 Sun Summit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Summit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Summit stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Summit Lagged Returns
When evaluating Sun Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Summit stock have on its future price. Sun Summit 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, Sun Summit autocorrelation shows the relationship between Sun Summit stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Summit Minerals.
Regressed Prices |
| Timeline |
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Additional Tools for Sun Stock Analysis
When running Sun Summit's price analysis, check to measure Sun Summit's 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 Sun Summit is operating at the current time. Most of Sun Summit's value examination focuses on studying past and present price action to predict the probability of Sun Summit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Summit's price. Additionally, you may evaluate how the addition of Sun Summit to your portfolios can decrease your overall portfolio volatility.