Surge Copper Corp Stock Market Value
| SURG Stock | CAD 0.1 0.01 5.56% |
| Symbol | Surge |
Surge Copper Corp Price To Book Ratio
Surge Copper '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 Surge Copper's 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 Surge Copper.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Surge Copper on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Surge Copper Corp or generate 0.0% return on investment in Surge Copper over 30 days. Surge Copper Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Surge Copper 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 Surge Copper's 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 Surge Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.09 |
Surge Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surge Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surge Copper's standard deviation. In reality, there are many statistical measures that can use Surge Copper historical prices to predict the future Surge Copper's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | 0.5773 |
Surge Copper Corp Backtested Returns
Surge Copper Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Surge Copper Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surge Copper's Risk Adjusted Performance of (0.08), coefficient of variation of (888.48), and Variance of 23.82 to confirm the risk estimate we provide. The entity has a beta of -0.97, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Surge Copper are expected to decrease slowly. On the other hand, during market turmoil, Surge Copper is expected to outperform it slightly. At this point, Surge Copper Corp has a negative expected return of -0.58%. Please make sure to validate Surge Copper's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Surge Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Surge Copper Corp has good predictability. Overlapping area represents the amount of predictability between Surge Copper 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 Surge Copper Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Surge Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Surge Copper Corp lagged returns against current returns
Autocorrelation, which is Surge Copper 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 Surge Copper's stock expected returns. We can calculate the autocorrelation of Surge Copper returns to help us make a trade decision. For example, suppose you find that Surge Copper 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 |
Surge Copper 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 Surge Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surge Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surge Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Surge Copper Lagged Returns
When evaluating Surge Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surge Copper stock have on its future price. Surge Copper 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, Surge Copper autocorrelation shows the relationship between Surge Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Surge Copper Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Surge Stock Analysis
When running Surge Copper's price analysis, check to measure Surge Copper's 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 Surge Copper is operating at the current time. Most of Surge Copper's value examination focuses on studying past and present price action to predict the probability of Surge Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Copper's price. Additionally, you may evaluate how the addition of Surge Copper to your portfolios can decrease your overall portfolio volatility.