Slam Exploration Stock Market Value
| SXL Stock | CAD 0.04 0.01 20.00% |
| Symbol | Slam |
Slam Exploration '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 Slam Exploration'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 Slam Exploration.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Slam Exploration on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Slam Exploration or generate 0.0% return on investment in Slam Exploration over 30 days. Slam Exploration is related to or competes with NextSource Materials, Dream Office, Plaza Retail, Highwood Asset, Costco Wholesale, Medical Facilities, and Bird Construction. Slam Exploration Ltd., a resource company, engages in the acquisition, exploration, and development of mineral propertie... More
Slam Exploration 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 Slam Exploration'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 Slam Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.3 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Slam Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Slam Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Slam Exploration's standard deviation. In reality, there are many statistical measures that can use Slam Exploration historical prices to predict the future Slam Exploration's volatility.| Risk Adjusted Performance | 0.0834 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | (0.98) | |||
| Sortino Ratio | 0.0457 | |||
| Treynor Ratio | (0.76) |
Slam Exploration Backtested Returns
Slam Exploration appears to be out of control, given 3 months investment horizon. Slam Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0644, which indicates the firm had a 0.0644% return per unit of risk over the last 3 months. By inspecting Slam Exploration's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please review Slam Exploration's Semi Deviation of 8.45, coefficient of variation of 1033.42, and Risk Adjusted Performance of 0.0834 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Slam Exploration holds a performance score of 5. The entity has a beta of -1.75, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Slam Exploration are expected to decrease by larger amounts. On the other hand, during market turmoil, Slam Exploration is expected to outperform it. Please check Slam Exploration's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Slam Exploration's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Slam Exploration has good reverse predictability. Overlapping area represents the amount of predictability between Slam Exploration 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 Slam Exploration price movement. The serial correlation of -0.53 indicates that about 53.0% of current Slam Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Slam Exploration lagged returns against current returns
Autocorrelation, which is Slam Exploration 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 Slam Exploration's stock expected returns. We can calculate the autocorrelation of Slam Exploration returns to help us make a trade decision. For example, suppose you find that Slam Exploration 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 |
Slam Exploration 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 Slam Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Slam Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Slam Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Slam Exploration Lagged Returns
When evaluating Slam Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Slam Exploration stock have on its future price. Slam Exploration 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, Slam Exploration autocorrelation shows the relationship between Slam Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Slam Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Slam Stock Analysis
When running Slam Exploration's price analysis, check to measure Slam Exploration'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 Slam Exploration is operating at the current time. Most of Slam Exploration's value examination focuses on studying past and present price action to predict the probability of Slam Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Slam Exploration's price. Additionally, you may evaluate how the addition of Slam Exploration to your portfolios can decrease your overall portfolio volatility.