Silver Range Resources Stock Market Value
| SNG Stock | CAD 0.07 0.00 0.00% |
| Symbol | Silver |
Silver Range '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 Silver Range'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 Silver Range.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Silver Range on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Range Resources or generate 0.0% return on investment in Silver Range over 90 days. Silver Range is related to or competes with NextSource Materials, US Financial, Financial, Intact Financial, Fairfax Financial, Ramp Metals, and Arbor Metals. Silver Range Resources Ltd., a junior resource exploration company, engages in the acquisition, exploration, and evaluat... More
Silver Range 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 Silver Range'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 Silver Range Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.65 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 65.45 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 14.29 |
Silver Range Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Range's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Range's standard deviation. In reality, there are many statistical measures that can use Silver Range historical prices to predict the future Silver Range's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.5173 | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0272 | |||
| Treynor Ratio | 2.67 |
Silver Range Resources Backtested Returns
Silver Range appears to be out of control, given 3 months investment horizon. Silver Range Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.057, which indicates the firm had a 0.057% return per unit of risk over the last 3 months. By inspecting Silver Range's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Silver Range's Coefficient Of Variation of 1767.0, semi deviation of 6.73, and Risk Adjusted Performance of 0.0526 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silver Range holds a performance score of 4. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Silver Range's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silver Range is expected to be smaller as well. Please check Silver Range's treynor ratio and the relationship between the downside variance and relative strength index , to make a quick decision on whether Silver Range's existing price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Silver Range Resources has below average predictability. Overlapping area represents the amount of predictability between Silver Range time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Silver Range Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Silver Range price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Range Resources lagged returns against current returns
Autocorrelation, which is Silver Range 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 Silver Range's stock expected returns. We can calculate the autocorrelation of Silver Range returns to help us make a trade decision. For example, suppose you find that Silver Range 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 |
Silver Range 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 Silver Range stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Range stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Range stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Range Lagged Returns
When evaluating Silver Range's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Range stock have on its future price. Silver Range 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, Silver Range autocorrelation shows the relationship between Silver Range stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Range Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Silver Stock Analysis
When running Silver Range's price analysis, check to measure Silver Range'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 Silver Range is operating at the current time. Most of Silver Range's value examination focuses on studying past and present price action to predict the probability of Silver Range's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silver Range's price. Additionally, you may evaluate how the addition of Silver Range to your portfolios can decrease your overall portfolio volatility.