Select Sands Corp Stock Market Value
| SNS Stock | CAD 0.01 0.00 0.00% |
| Symbol | Select |
Select Sands '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 Select Sands' 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 Select Sands.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Select Sands on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Select Sands Corp or generate 0.0% return on investment in Select Sands over 720 days. Select Sands is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Select Sands Corp., together with its subsidiaries, engages in quarrying and producing silica sand More
Select Sands 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 Select Sands' 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 Select Sands Corp upside and downside potential and time the market with a certain degree of confidence.
Select Sands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Sands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Sands' standard deviation. In reality, there are many statistical measures that can use Select Sands historical prices to predict the future Select Sands' volatility.Select Sands Corp Backtested Returns
We have found three technical indicators for Select Sands Corp, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Select Sands are completely uncorrelated.
Auto-correlation | 0.75 |
Good predictability
Select Sands Corp has good predictability. Overlapping area represents the amount of predictability between Select Sands time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Select Sands Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Select Sands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Select Sands Corp lagged returns against current returns
Autocorrelation, which is Select Sands 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 Select Sands' stock expected returns. We can calculate the autocorrelation of Select Sands returns to help us make a trade decision. For example, suppose you find that Select Sands 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 |
Select Sands 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 Select Sands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Sands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Sands stock over time.
Current vs Lagged Prices |
| Timeline |
Select Sands Lagged Returns
When evaluating Select Sands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Sands stock have on its future price. Select Sands 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, Select Sands autocorrelation shows the relationship between Select Sands stock current value and its past values and can show if there is a momentum factor associated with investing in Select Sands Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Select Stock Analysis
When running Select Sands' price analysis, check to measure Select Sands' 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 Select Sands is operating at the current time. Most of Select Sands' value examination focuses on studying past and present price action to predict the probability of Select Sands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Select Sands' price. Additionally, you may evaluate how the addition of Select Sands to your portfolios can decrease your overall portfolio volatility.