Southern Cross (Australia) Market Value
| SXG Stock | 2.96 0.06 1.99% |
| Symbol | Southern |
Southern Cross '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 Southern Cross' 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 Southern Cross.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Southern Cross on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Cross Gold or generate 0.0% return on investment in Southern Cross over 30 days. Southern Cross is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Southern Cross is entity of Australia. It is traded as Stock on AU exchange. More
Southern Cross 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 Southern Cross' 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 Southern Cross Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (7.12) | |||
| Potential Upside | 7.65 |
Southern Cross Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Cross' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Cross' standard deviation. In reality, there are many statistical measures that can use Southern Cross historical prices to predict the future Southern Cross' volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.0183 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1626 |
Southern Cross Gold Backtested Returns
Currently, Southern Cross Gold is very risky. Southern Cross Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0372, which indicates the firm had a 0.0372% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Southern Cross Gold, which you can use to evaluate the volatility of the company. Please validate Southern Cross' Coefficient Of Variation of 4934.25, semi deviation of 3.74, and Risk Adjusted Performance of 0.0239 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Southern Cross has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Southern Cross' returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Cross is expected to be smaller as well. Southern Cross Gold right now has a risk of 4.67%. Please validate Southern Cross treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Southern Cross will be following its existing price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Southern Cross Gold has insignificant reverse predictability. Overlapping area represents the amount of predictability between Southern Cross time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Southern Cross Gold price movement. The serial correlation of -0.17 indicates that over 17.0% of current Southern Cross price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Southern Cross Gold lagged returns against current returns
Autocorrelation, which is Southern Cross 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 Southern Cross' stock expected returns. We can calculate the autocorrelation of Southern Cross returns to help us make a trade decision. For example, suppose you find that Southern Cross 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 |
Southern Cross 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 Southern Cross stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Cross stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Cross stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Cross Lagged Returns
When evaluating Southern Cross' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Cross stock have on its future price. Southern Cross 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, Southern Cross autocorrelation shows the relationship between Southern Cross stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Cross Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Southern Stock Analysis
When running Southern Cross' price analysis, check to measure Southern Cross' 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 Southern Cross is operating at the current time. Most of Southern Cross' value examination focuses on studying past and present price action to predict the probability of Southern Cross' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Cross' price. Additionally, you may evaluate how the addition of Southern Cross to your portfolios can decrease your overall portfolio volatility.