Sienna Resources Stock Market Value
| SNNAF Stock | USD 0.02 0 5.98% |
| Symbol | Sienna |
Sienna Resources '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 Sienna Resources' 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 Sienna Resources.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Sienna Resources on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Sienna Resources or generate 0.0% return on investment in Sienna Resources over 720 days. Sienna Resources is related to or competes with Amarc Resources, and Mundoro Capital. Sienna Resources Inc. engages in the identification, acquisition, and exploration of mineral properties in Canada, Swede... More
Sienna Resources 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 Sienna Resources' 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 Sienna Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 54.96 | |||
| Value At Risk | (12.65) | |||
| Potential Upside | 11.21 |
Sienna Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sienna Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sienna Resources' standard deviation. In reality, there are many statistical measures that can use Sienna Resources historical prices to predict the future Sienna Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | 0.2911 |
Sienna Resources Backtested Returns
Sienna Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0341, which indicates the firm had a -0.0341% return per unit of risk over the last 3 months. Sienna Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sienna Resources' Variance of 59.87, coefficient of variation of (1,446), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -1.87, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sienna Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Sienna Resources is expected to outperform it. At this point, Sienna Resources has a negative expected return of -0.25%. Please make sure to validate Sienna Resources' information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Sienna Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Sienna Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Sienna Resources time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Sienna Resources price movement. The serial correlation of -0.01 indicates that just 1.0% of current Sienna Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sienna Resources lagged returns against current returns
Autocorrelation, which is Sienna Resources 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 Sienna Resources' pink sheet expected returns. We can calculate the autocorrelation of Sienna Resources returns to help us make a trade decision. For example, suppose you find that Sienna Resources 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 |
Sienna Resources 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 Sienna Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sienna Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sienna Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sienna Resources Lagged Returns
When evaluating Sienna Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sienna Resources pink sheet have on its future price. Sienna Resources 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, Sienna Resources autocorrelation shows the relationship between Sienna Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sienna Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sienna Pink Sheet
Sienna Resources financial ratios help investors to determine whether Sienna 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 Sienna with respect to the benefits of owning Sienna Resources security.