Silvercorp Metals Stock Market Value
| SVM Stock | CAD 4.57 0.10 2.14% |
| Symbol | Silvercorp |
Silvercorp Metals Price To Book Ratio
Silvercorp Metals '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 Silvercorp Metals' 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 Silvercorp Metals.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Silvercorp Metals on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Silvercorp Metals or generate 0.0% return on investment in Silvercorp Metals over 720 days. Silvercorp Metals is related to or competes with Endeavour Silver, Fortuna Silver, MAG Silver, and Pan American. Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining... More
Silvercorp Metals 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 Silvercorp Metals' 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 Silvercorp Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.35 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 6.76 |
Silvercorp Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silvercorp Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silvercorp Metals' standard deviation. In reality, there are many statistical measures that can use Silvercorp Metals historical prices to predict the future Silvercorp Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.4768 |
Silvercorp Metals Backtested Returns
Silvercorp Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0341, which indicates the firm had a -0.0341% return per unit of risk over the last 3 months. Silvercorp Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silvercorp Metals' Variance of 15.2, coefficient of variation of (3,723), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Silvercorp Metals are expected to decrease at a much lower rate. During the bear market, Silvercorp Metals is likely to outperform the market. At this point, Silvercorp Metals has a negative expected return of -0.14%. Please make sure to validate Silvercorp Metals' potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Silvercorp Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Silvercorp Metals has good reverse predictability. Overlapping area represents the amount of predictability between Silvercorp Metals time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Silvercorp Metals price movement. The serial correlation of -0.54 indicates that about 54.0% of current Silvercorp Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Silvercorp Metals lagged returns against current returns
Autocorrelation, which is Silvercorp Metals 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 Silvercorp Metals' stock expected returns. We can calculate the autocorrelation of Silvercorp Metals returns to help us make a trade decision. For example, suppose you find that Silvercorp Metals 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 |
Silvercorp Metals 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 Silvercorp Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silvercorp Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silvercorp Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Silvercorp Metals Lagged Returns
When evaluating Silvercorp Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silvercorp Metals stock have on its future price. Silvercorp Metals 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, Silvercorp Metals autocorrelation shows the relationship between Silvercorp Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Silvercorp Metals.
Regressed Prices |
| Timeline |
When determining whether Silvercorp Metals is a strong investment it is important to analyze Silvercorp Metals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Silvercorp Metals' future performance. For an informed investment choice regarding Silvercorp Stock, refer to the following important reports:
Check out Silvercorp Metals Correlation, Silvercorp Metals Volatility and Silvercorp Metals Alpha and Beta module to complement your research on Silvercorp Metals. To learn how to invest in Silvercorp Stock, please use our How to Invest in Silvercorp Metals guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Silvercorp Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.