Spc Nickel Corp Stock Market Value
| SPC Stock | 0.02 0.01 20.00% |
| Symbol | SPC |
SPC Nickel Corp Price To Book Ratio
SPC Nickel '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 SPC Nickel'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 SPC Nickel.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in SPC Nickel on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding SPC Nickel Corp or generate 0.0% return on investment in SPC Nickel over 30 days. SPC Nickel is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Superior Copper Corporationration, a junior resource company, focuses on exploration and evaluation of base and precious metals in Canada. More
SPC Nickel 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 SPC Nickel'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 SPC Nickel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 16.67 |
SPC Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPC Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPC Nickel's standard deviation. In reality, there are many statistical measures that can use SPC Nickel historical prices to predict the future SPC Nickel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (2.34) | |||
| Treynor Ratio | (0.38) |
SPC Nickel Corp Backtested Returns
SPC Nickel Corp retains Efficiency (Sharpe Ratio) of -0.0727, which indicates the firm had a -0.0727% return per unit of volatility over the last 3 months. SPC Nickel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SPC Nickel's risk adjusted performance of (0.06), and Standard Deviation of 9.08 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 2.18, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPC Nickel will likely underperform. At this point, SPC Nickel Corp has a negative expected return of -0.66%. Please make sure to validate SPC Nickel's treynor ratio and the relationship between the skewness and price action indicator , to decide if SPC Nickel Corp performance from the past will be repeated at future time.
Auto-correlation | 0.26 |
Poor predictability
SPC Nickel Corp has poor predictability. Overlapping area represents the amount of predictability between SPC Nickel time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 SPC Nickel Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current SPC Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SPC Nickel Corp lagged returns against current returns
Autocorrelation, which is SPC Nickel 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 SPC Nickel's stock expected returns. We can calculate the autocorrelation of SPC Nickel returns to help us make a trade decision. For example, suppose you find that SPC Nickel 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 |
SPC Nickel 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 SPC Nickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPC Nickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPC Nickel stock over time.
Current vs Lagged Prices |
| Timeline |
SPC Nickel Lagged Returns
When evaluating SPC Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPC Nickel stock have on its future price. SPC Nickel 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, SPC Nickel autocorrelation shows the relationship between SPC Nickel stock current value and its past values and can show if there is a momentum factor associated with investing in SPC Nickel Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SPC Stock Analysis
When running SPC Nickel's price analysis, check to measure SPC Nickel'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 SPC Nickel is operating at the current time. Most of SPC Nickel's value examination focuses on studying past and present price action to predict the probability of SPC Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPC Nickel's price. Additionally, you may evaluate how the addition of SPC Nickel to your portfolios can decrease your overall portfolio volatility.