Silver Spruce Resources Stock Market Value
| SSEBF Stock | USD 0 0.0009 18.75% |
| Symbol | Silver |
Silver Spruce '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 Silver Spruce's 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 Silver Spruce.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Silver Spruce on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Spruce Resources or generate 0.0% return on investment in Silver Spruce over 30 days. Silver Spruce is related to or competes with Freegold Ventures, Strategic Metals, and Aclara Resources. Silver Spruce Resources Inc., a junior exploration company, explores for precious and base minerals More
Silver Spruce 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 Silver Spruce's 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 Silver Spruce Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.76 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 82.47 | |||
| Value At Risk | (18.67) | |||
| Potential Upside | 14.29 |
Silver Spruce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Spruce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Spruce's standard deviation. In reality, there are many statistical measures that can use Silver Spruce historical prices to predict the future Silver Spruce's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.3507 | |||
| Total Risk Alpha | (1.87) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Silver Spruce Resources Backtested Returns
At this point, Silver Spruce is out of control. Silver Spruce Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.015, which indicates the firm had a 0.015% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Silver Spruce Resources, which you can use to evaluate the volatility of the company. Please validate Silver Spruce's Risk Adjusted Performance of 0.011, coefficient of variation of 46179.66, and Semi Deviation of 8.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Silver Spruce has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -2.77, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Silver Spruce are expected to decrease by larger amounts. On the other hand, during market turmoil, Silver Spruce is expected to outperform it. Silver Spruce Resources right now has a risk of 12.03%. Please validate Silver Spruce semi variance, day median price, and the relationship between the value at risk and kurtosis , to decide if Silver Spruce will be following its existing price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Silver Spruce Resources has virtually no predictability. Overlapping area represents the amount of predictability between Silver Spruce time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Silver Spruce Resources price movement. The serial correlation of 0.02 indicates that only 2.0% of current Silver Spruce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Spruce Resources lagged returns against current returns
Autocorrelation, which is Silver Spruce 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 Silver Spruce's pink sheet expected returns. We can calculate the autocorrelation of Silver Spruce returns to help us make a trade decision. For example, suppose you find that Silver Spruce 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 |
Silver Spruce 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 Silver Spruce pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Spruce pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Spruce pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Silver Spruce Lagged Returns
When evaluating Silver Spruce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Spruce pink sheet have on its future price. Silver Spruce 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, Silver Spruce autocorrelation shows the relationship between Silver Spruce pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Silver Spruce Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Silver Pink Sheet
Silver Spruce financial ratios help investors to determine whether Silver 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 Silver with respect to the benefits of owning Silver Spruce security.