Summa Silver Corp Stock Market Value
| SSVRF Stock | USD 0.20 0.01 5.26% |
| Symbol | Summa |
Summa Silver '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 Summa Silver's otc 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 Summa Silver.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Summa Silver on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Summa Silver Corp or generate 0.0% return on investment in Summa Silver over 30 days. Summa Silver is related to or competes with Enduro Metals, Kodiak Copper, Mirasol Resources, GoGold Resources, Scottie Resources, Southern Silver, and Equity Metals. Summa Silver Corp., a silver and gold development company, engages in acquiring, exploring, and evaluating natural resou... More
Summa Silver 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 Summa Silver's otc 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 Summa Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 18.0 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 6.9 |
Summa Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summa Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summa Silver's standard deviation. In reality, there are many statistical measures that can use Summa Silver historical prices to predict the future Summa Silver's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.57) |
Summa Silver Corp Backtested Returns
Summa Silver Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0865, which indicates the firm had a -0.0865% return per unit of risk over the last 3 months. Summa Silver Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summa Silver's Risk Adjusted Performance of (0.06), coefficient of variation of (1,077), and Variance of 19.63 to confirm the risk estimate we provide. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Summa Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summa Silver is expected to be smaller as well. At this point, Summa Silver Corp has a negative expected return of -0.38%. Please make sure to validate Summa Silver's skewness, as well as the relationship between the day median price and relative strength index , to decide if Summa Silver Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Summa Silver Corp has average predictability. Overlapping area represents the amount of predictability between Summa Silver time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Summa Silver Corp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Summa Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Summa Silver Corp lagged returns against current returns
Autocorrelation, which is Summa Silver otc 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 Summa Silver's otc stock expected returns. We can calculate the autocorrelation of Summa Silver returns to help us make a trade decision. For example, suppose you find that Summa Silver has exhibited high autocorrelation historically, and you observe that the otc 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 |
Summa Silver 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 Summa Silver otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summa Silver otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summa Silver otc stock over time.
Current vs Lagged Prices |
| Timeline |
Summa Silver Lagged Returns
When evaluating Summa Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summa Silver otc stock have on its future price. Summa Silver 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, Summa Silver autocorrelation shows the relationship between Summa Silver otc stock current value and its past values and can show if there is a momentum factor associated with investing in Summa Silver Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Summa OTC Stock
Summa Silver financial ratios help investors to determine whether Summa OTC Stock 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 Summa with respect to the benefits of owning Summa Silver security.