Sassy Resources Stock Market Value
| SSYRF Stock | USD 0.06 0.01 16.62% |
| Symbol | Sassy |
Sassy 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 Sassy Resources' 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 Sassy Resources.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sassy Resources on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sassy Resources or generate 0.0% return on investment in Sassy Resources over 300 days. Sassy Resources is related to or competes with Metals X, Nevada King, Azimut Exploration, Prime Meridian, and Aldebaran Resources. Sassy Resources Corporation, an exploration stage company, identifies, acquires, and explores for precious metal resourc... More
Sassy 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 Sassy Resources' 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 Sassy Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.49 | |||
| Information Ratio | 0.0287 | |||
| Maximum Drawdown | 205.74 | |||
| Value At Risk | (19.58) | |||
| Potential Upside | 22.5 |
Sassy Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sassy Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sassy Resources' standard deviation. In reality, there are many statistical measures that can use Sassy Resources historical prices to predict the future Sassy Resources' volatility.| Risk Adjusted Performance | 0.0355 | |||
| Jensen Alpha | 0.828 | |||
| Total Risk Alpha | (3.21) | |||
| Sortino Ratio | 0.0362 | |||
| Treynor Ratio | 3.12 |
Sassy Resources Backtested Returns
Sassy Resources is out of control given 3 months investment horizon. Sassy Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0435, which indicates the firm had a 0.0435% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Sassy Resources Risk Adjusted Performance of 0.0355, coefficient of variation of 2964.63, and Semi Deviation of 10.76 to evaluate company specific risk that cannot be diversified away. Sassy Resources holds a performance score of 3 on a scale of zero to a hundred. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sassy Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sassy Resources is expected to be smaller as well. Use Sassy Resources downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Sassy Resources.
Auto-correlation | -0.35 |
Poor reverse predictability
Sassy Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Sassy Resources time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Sassy Resources price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sassy Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sassy Resources lagged returns against current returns
Autocorrelation, which is Sassy Resources 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 Sassy Resources' otc stock expected returns. We can calculate the autocorrelation of Sassy Resources returns to help us make a trade decision. For example, suppose you find that Sassy Resources 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 |
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Sassy 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 Sassy Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sassy Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sassy Resources otc stock over time.
Current vs Lagged Prices |
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Sassy Resources Lagged Returns
When evaluating Sassy Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sassy Resources otc stock have on its future price. Sassy 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, Sassy Resources autocorrelation shows the relationship between Sassy Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sassy Resources.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Sassy OTC Stock
Sassy Resources financial ratios help investors to determine whether Sassy 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 Sassy with respect to the benefits of owning Sassy Resources security.