Saville Resources Stock Market Value
| SRE Stock | CAD 0.40 0.01 2.56% |
| Symbol | Saville |
Saville 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 Saville Resources' 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 Saville Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Saville Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Saville Resources or generate 0.0% return on investment in Saville Resources over 30 days. Saville Resources is related to or competes with Lion One, Caribbean Utilities, Canadian Utilities, Marimaca Copper, and Metalero Mining. Saville Resources Inc. engages in the acquisition, exploration, development, and mining of mineral properties More
Saville 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 Saville Resources' 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 Saville Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1018 | |||
| Maximum Drawdown | 28.71 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 10.0 |
Saville Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saville Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saville Resources' standard deviation. In reality, there are many statistical measures that can use Saville Resources historical prices to predict the future Saville Resources' volatility.| Risk Adjusted Performance | 0.1104 | |||
| Jensen Alpha | 0.6655 | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.72) |
Saville Resources Backtested Returns
Saville Resources appears to be out of control, given 3 months investment horizon. Saville Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. By inspecting Saville Resources' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Saville Resources' Coefficient Of Variation of 747.84, variance of 18.55, and Risk Adjusted Performance of 0.1104 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Saville Resources holds a performance score of 9. The entity has a beta of -0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Saville Resources are expected to decrease at a much lower rate. During the bear market, Saville Resources is likely to outperform the market. Please check Saville Resources' potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to make a quick decision on whether Saville Resources' existing price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Saville Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Saville Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Saville Resources price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Saville Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saville Resources lagged returns against current returns
Autocorrelation, which is Saville Resources 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 Saville Resources' stock expected returns. We can calculate the autocorrelation of Saville Resources returns to help us make a trade decision. For example, suppose you find that Saville Resources 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 |
Saville 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 Saville Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saville Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saville Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Saville Resources Lagged Returns
When evaluating Saville Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saville Resources stock have on its future price. Saville 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, Saville Resources autocorrelation shows the relationship between Saville Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Saville Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Saville Stock Analysis
When running Saville Resources' price analysis, check to measure Saville Resources' 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 Saville Resources is operating at the current time. Most of Saville Resources' value examination focuses on studying past and present price action to predict the probability of Saville Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saville Resources' price. Additionally, you may evaluate how the addition of Saville Resources to your portfolios can decrease your overall portfolio volatility.