Sovereign Metals (UK) Market Value
| SVML Stock | 40.50 0.30 0.74% |
| Symbol | Sovereign |
Sovereign 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 Sovereign 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 Sovereign Metals.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sovereign Metals on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sovereign Metals or generate 0.0% return on investment in Sovereign Metals over 180 days. Sovereign Metals is related to or competes with Atalaya Mining, Anglo Asian, and Metals Exploration. Sovereign Metals is entity of United Kingdom More
Sovereign 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 Sovereign 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 Sovereign Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.0877 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 7.46 |
Sovereign Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sovereign Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sovereign Metals' standard deviation. In reality, there are many statistical measures that can use Sovereign Metals historical prices to predict the future Sovereign Metals' volatility.| Risk Adjusted Performance | 0.1087 | |||
| Jensen Alpha | 0.3951 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0891 | |||
| Treynor Ratio | (2.37) |
Sovereign Metals Backtested Returns
Sovereign Metals appears to be very steady, given 3 months investment horizon. Sovereign Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sovereign Metals, which you can use to evaluate the volatility of the company. Please review Sovereign Metals' Coefficient Of Variation of 754.79, risk adjusted performance of 0.1087, and Semi Deviation of 1.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sovereign Metals holds a performance score of 10. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sovereign Metals are expected to decrease at a much lower rate. During the bear market, Sovereign Metals is likely to outperform the market. Please check Sovereign Metals' maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Sovereign Metals' existing price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Sovereign Metals has poor predictability. Overlapping area represents the amount of predictability between Sovereign Metals time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Sovereign Metals price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Sovereign Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 7.33 |
Sovereign Metals lagged returns against current returns
Autocorrelation, which is Sovereign 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 Sovereign Metals' stock expected returns. We can calculate the autocorrelation of Sovereign Metals returns to help us make a trade decision. For example, suppose you find that Sovereign 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 |
Sovereign 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 Sovereign Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sovereign Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sovereign Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Sovereign Metals Lagged Returns
When evaluating Sovereign Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sovereign Metals stock have on its future price. Sovereign 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, Sovereign Metals autocorrelation shows the relationship between Sovereign Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Sovereign Metals.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sovereign Stock Analysis
When running Sovereign Metals' price analysis, check to measure Sovereign Metals' 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 Sovereign Metals is operating at the current time. Most of Sovereign Metals' value examination focuses on studying past and present price action to predict the probability of Sovereign Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sovereign Metals' price. Additionally, you may evaluate how the addition of Sovereign Metals to your portfolios can decrease your overall portfolio volatility.