Salazar Resources Limited Stock Market Value
| SRL Stock | CAD 0.08 0.00 0.00% |
| Symbol | Salazar |
Salazar Resources Price To Book Ratio
Salazar 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 Salazar 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 Salazar Resources.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Salazar Resources on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Salazar Resources Limited or generate 0.0% return on investment in Salazar Resources over 360 days. Salazar Resources is related to or competes with Taranis Resources. Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and developmen... More
Salazar 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 Salazar 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 Salazar Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.05 | |||
| Information Ratio | 0.0483 | |||
| Maximum Drawdown | 39.68 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Salazar Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salazar Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salazar Resources' standard deviation. In reality, there are many statistical measures that can use Salazar Resources historical prices to predict the future Salazar Resources' volatility.| Risk Adjusted Performance | 0.0556 | |||
| Jensen Alpha | 0.5249 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | (0.34) |
Salazar Resources Backtested Returns
Salazar Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0036, which indicates the firm had a -0.0036% return per unit of risk over the last 3 months. Salazar Resources Limited exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Salazar Resources' Risk Adjusted Performance of 0.0556, coefficient of variation of 1612.66, and Semi Deviation of 4.42 to confirm the risk estimate we provide. The entity has a beta of -1.23, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Salazar Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Salazar Resources is expected to outperform it. At this point, Salazar Resources has a negative expected return of -0.021%. Please make sure to validate Salazar Resources' treynor ratio and the relationship between the downside variance and relative strength index , to decide if Salazar Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Salazar Resources Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Salazar Resources time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Salazar Resources price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Salazar Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Salazar Resources lagged returns against current returns
Autocorrelation, which is Salazar 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 Salazar Resources' stock expected returns. We can calculate the autocorrelation of Salazar Resources returns to help us make a trade decision. For example, suppose you find that Salazar 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 |
Salazar 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 Salazar Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salazar Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salazar Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Salazar Resources Lagged Returns
When evaluating Salazar Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salazar Resources stock have on its future price. Salazar 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, Salazar Resources autocorrelation shows the relationship between Salazar Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Salazar Resources Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Salazar Stock Analysis
When running Salazar Resources' price analysis, check to measure Salazar 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 Salazar Resources is operating at the current time. Most of Salazar Resources' value examination focuses on studying past and present price action to predict the probability of Salazar Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salazar Resources' price. Additionally, you may evaluate how the addition of Salazar Resources to your portfolios can decrease your overall portfolio volatility.