Spearmint Resources Stock Market Value
| SPMTF Stock | USD 0.01 0.0008 6.06% |
| Symbol | Spearmint |
Spearmint 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 Spearmint 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 Spearmint Resources.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Spearmint Resources on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Spearmint Resources or generate 0.0% return on investment in Spearmint Resources over 30 days. Spearmint Resources is related to or competes with Mundoro Capital, E79 Resources, Freegold Ventures, Pure Energy, Ioneer, and Ardea Resources. Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada a... More
Spearmint 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 Spearmint 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 Spearmint Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.82 | |||
| Information Ratio | 0.0328 | |||
| Maximum Drawdown | 69.51 | |||
| Value At Risk | (22.92) | |||
| Potential Upside | 20.45 |
Spearmint Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spearmint Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spearmint Resources' standard deviation. In reality, there are many statistical measures that can use Spearmint Resources historical prices to predict the future Spearmint Resources' volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.4404 | |||
| Total Risk Alpha | 0.1419 | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | 0.7554 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spearmint Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Spearmint Resources Backtested Returns
Spearmint Resources appears to be out of control, given 3 months investment horizon. Spearmint Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0372, which indicates the firm had a 0.0372% return per unit of risk over the last 3 months. By inspecting Spearmint Resources' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Spearmint Resources' Semi Deviation of 11.24, risk adjusted performance of 0.0387, and Coefficient Of Variation of 2849.18 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spearmint Resources holds a performance score of 2. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spearmint Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Spearmint Resources is expected to be smaller as well. Please check Spearmint Resources' total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Spearmint Resources' existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Spearmint Resources has very weak predictability. Overlapping area represents the amount of predictability between Spearmint Resources time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spearmint Resources price movement. The serial correlation of 0.18 indicates that over 18.0% of current Spearmint Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spearmint Resources lagged returns against current returns
Autocorrelation, which is Spearmint 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 Spearmint Resources' pink sheet expected returns. We can calculate the autocorrelation of Spearmint Resources returns to help us make a trade decision. For example, suppose you find that Spearmint 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 |
Spearmint 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 Spearmint Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spearmint 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 Spearmint Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spearmint Resources Lagged Returns
When evaluating Spearmint Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spearmint Resources pink sheet have on its future price. Spearmint 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, Spearmint Resources autocorrelation shows the relationship between Spearmint Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spearmint Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Spearmint Pink Sheet
Spearmint Resources financial ratios help investors to determine whether Spearmint 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 Spearmint with respect to the benefits of owning Spearmint Resources security.