Sparx Technology Stock Market Value
| SPRX Stock | 24.73 1.43 5.47% |
| Symbol | Sparx |
Sparx Technology '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 Sparx Technology'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 Sparx Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sparx Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sparx Technology or generate 0.0% return on investment in Sparx Technology over 30 days. Sparx Technology is related to or competes with Canadian General, Metalero Mining, Western Copper, Perseus Mining, Diversified Royalty, Salesforce, and Ramp Metals. Sparx Technology is entity of Canada. It is traded as Stock on V exchange. More
Sparx Technology 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 Sparx Technology'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 Sparx Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.015 | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.14 |
Sparx Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparx Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparx Technology's standard deviation. In reality, there are many statistical measures that can use Sparx Technology historical prices to predict the future Sparx Technology's volatility.| Risk Adjusted Performance | 0.0649 | |||
| Jensen Alpha | 0.1414 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0129 | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sparx Technology's 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.
Sparx Technology Backtested Returns
At this stage we consider Sparx Stock to be very steady. Sparx Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0834, which indicates the firm had a 0.0834% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sparx Technology, which you can use to evaluate the volatility of the company. Please validate Sparx Technology's Risk Adjusted Performance of 0.0649, semi deviation of 1.85, and Coefficient Of Variation of 1286.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Sparx Technology has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sparx Technology are expected to decrease at a much lower rate. During the bear market, Sparx Technology is likely to outperform the market. Sparx Technology right now has a risk of 1.96%. Please validate Sparx Technology total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Sparx Technology will be following its existing price patterns.
Auto-correlation | 0.56 |
Modest predictability
Sparx Technology has modest predictability. Overlapping area represents the amount of predictability between Sparx Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Sparx Technology price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Sparx Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Sparx Technology lagged returns against current returns
Autocorrelation, which is Sparx Technology 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 Sparx Technology's stock expected returns. We can calculate the autocorrelation of Sparx Technology returns to help us make a trade decision. For example, suppose you find that Sparx Technology 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 |
Sparx Technology 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 Sparx Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparx Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparx Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sparx Technology Lagged Returns
When evaluating Sparx Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparx Technology stock have on its future price. Sparx Technology 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, Sparx Technology autocorrelation shows the relationship between Sparx Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sparx Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sparx Stock Analysis
When running Sparx Technology's price analysis, check to measure Sparx Technology'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 Sparx Technology is operating at the current time. Most of Sparx Technology's value examination focuses on studying past and present price action to predict the probability of Sparx Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparx Technology's price. Additionally, you may evaluate how the addition of Sparx Technology to your portfolios can decrease your overall portfolio volatility.