Sayona Mining (Australia) Market Value
| SYA Stock | 0.03 0 7.41% |
| Symbol | Sayona |
Sayona Mining '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 Sayona Mining'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 Sayona Mining.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Sayona Mining on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Sayona Mining or generate 0.0% return on investment in Sayona Mining over 30 days. Sayona Mining is related to or competes with Ainsworth Game, Insurance Australia, Sports Entertainment, and Technology One. Sayona Mining is entity of Australia. It is traded as Stock on AU exchange. More
Sayona Mining 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 Sayona Mining'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 Sayona Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.43 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.9 |
Sayona Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sayona Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sayona Mining's standard deviation. In reality, there are many statistical measures that can use Sayona Mining historical prices to predict the future Sayona Mining's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.2775 |
Sayona Mining Backtested Returns
Sayona Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.087, which indicates the firm had a -0.087% return per unit of risk over the last 3 months. Sayona Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sayona Mining's Variance of 19.74, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,767) to confirm the risk estimate we provide. The entity has a beta of -0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sayona Mining are expected to decrease at a much lower rate. During the bear market, Sayona Mining is likely to outperform the market. At this point, Sayona Mining has a negative expected return of -0.37%. Please make sure to validate Sayona Mining's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sayona Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Sayona Mining has weak predictability. Overlapping area represents the amount of predictability between Sayona Mining time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sayona Mining price movement. The serial correlation of 0.21 indicates that over 21.0% of current Sayona Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sayona Mining lagged returns against current returns
Autocorrelation, which is Sayona Mining 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 Sayona Mining's stock expected returns. We can calculate the autocorrelation of Sayona Mining returns to help us make a trade decision. For example, suppose you find that Sayona Mining 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 |
Sayona Mining 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 Sayona Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sayona Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sayona Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Sayona Mining Lagged Returns
When evaluating Sayona Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sayona Mining stock have on its future price. Sayona Mining 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, Sayona Mining autocorrelation shows the relationship between Sayona Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Sayona Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sayona Stock Analysis
When running Sayona Mining's price analysis, check to measure Sayona Mining'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 Sayona Mining is operating at the current time. Most of Sayona Mining's value examination focuses on studying past and present price action to predict the probability of Sayona Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sayona Mining's price. Additionally, you may evaluate how the addition of Sayona Mining to your portfolios can decrease your overall portfolio volatility.