Sparton Resources Stock Market Value
| SRI Stock | CAD 0.03 0.00 0.00% |
| Symbol | Sparton |
Sparton Resources Price To Book Ratio
Sparton 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 Sparton 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 Sparton Resources.
| 01/23/2025 |
| 01/18/2026 |
If you would invest 0.00 in Sparton Resources on January 23, 2025 and sell it all today you would earn a total of 0.00 from holding Sparton Resources or generate 0.0% return on investment in Sparton Resources over 360 days. Sparton Resources is related to or competes with Murchison Minerals. Sparton Resources Inc., an exploration and development stage company, engages in the exploration and evaluation of prope... More
Sparton 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 Sparton 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 Sparton Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.39 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Sparton Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparton Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparton Resources' standard deviation. In reality, there are many statistical measures that can use Sparton Resources historical prices to predict the future Sparton Resources' volatility.| Risk Adjusted Performance | 0.051 | |||
| Jensen Alpha | 0.7169 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 2.2 |
Sparton Resources Backtested Returns
Sparton Resources appears to be out of control, given 3 months investment horizon. Sparton Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0564, which indicates the firm had a 0.0564 % return per unit of risk over the last 3 months. By inspecting Sparton Resources' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Sparton Resources' Risk Adjusted Performance of 0.051, coefficient of variation of 1667.98, and Semi Deviation of 7.92 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sparton Resources holds a performance score of 4. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sparton Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sparton Resources is expected to be smaller as well. Please check Sparton Resources' information ratio and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Sparton Resources' existing price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Sparton Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Sparton Resources time series from 23rd of January 2025 to 22nd of July 2025 and 22nd of July 2025 to 18th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sparton Resources price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Sparton Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sparton Resources lagged returns against current returns
Autocorrelation, which is Sparton 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 Sparton Resources' stock expected returns. We can calculate the autocorrelation of Sparton Resources returns to help us make a trade decision. For example, suppose you find that Sparton 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 |
Sparton 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 Sparton Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparton Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparton Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sparton Resources Lagged Returns
When evaluating Sparton Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparton Resources stock have on its future price. Sparton 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, Sparton Resources autocorrelation shows the relationship between Sparton Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sparton Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Sparton Stock Analysis
When running Sparton Resources' price analysis, check to measure Sparton 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 Sparton Resources is operating at the current time. Most of Sparton Resources' value examination focuses on studying past and present price action to predict the probability of Sparton Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparton Resources' price. Additionally, you may evaluate how the addition of Sparton Resources to your portfolios can decrease your overall portfolio volatility.