Skyharbour Resources Stock Market Value
| SYH Stock | CAD 0.45 0.01 2.17% |
| Symbol | Skyharbour |
Skyharbour Resources '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 Skyharbour Resources' 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 Skyharbour Resources.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Skyharbour Resources on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Skyharbour Resources or generate 0.0% return on investment in Skyharbour Resources over 30 days. Skyharbour Resources is related to or competes with CanAlaska Uranium, EnCore Energy, Fission 30, and Anfield Resources. Skyharbour Resources Ltd., a uranium and thorium exploration company, engages in the acquisition, exploration, and evalu... More
Skyharbour Resources 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 Skyharbour Resources' 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 Skyharbour Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.52 |
Skyharbour Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyharbour Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyharbour Resources' standard deviation. In reality, there are many statistical measures that can use Skyharbour Resources historical prices to predict the future Skyharbour Resources' volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.2816 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0502 | |||
| Treynor Ratio | 1.02 |
Skyharbour Resources Backtested Returns
Skyharbour Resources appears to be abnormally volatile, given 3 months investment horizon. Skyharbour Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0904, which indicates the firm had a 0.0904% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Skyharbour Resources, which you can use to evaluate the volatility of the company. Please review Skyharbour Resources' Coefficient Of Variation of 1106.6, risk adjusted performance of 0.0772, and Semi Deviation of 2.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skyharbour Resources holds a performance score of 7. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skyharbour Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Skyharbour Resources is expected to be smaller as well. Please check Skyharbour Resources' semi variance, as well as the relationship between the accumulation distribution and day typical price , to make a quick decision on whether Skyharbour Resources' existing price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Skyharbour Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Skyharbour Resources time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Skyharbour Resources price movement. The serial correlation of -0.73 indicates that around 73.0% of current Skyharbour Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Skyharbour Resources lagged returns against current returns
Autocorrelation, which is Skyharbour Resources 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 Skyharbour Resources' stock expected returns. We can calculate the autocorrelation of Skyharbour Resources returns to help us make a trade decision. For example, suppose you find that Skyharbour Resources 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 |
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Skyharbour Resources 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 Skyharbour Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyharbour Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyharbour Resources stock over time.
Current vs Lagged Prices |
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Skyharbour Resources Lagged Returns
When evaluating Skyharbour Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyharbour Resources stock have on its future price. Skyharbour Resources 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, Skyharbour Resources autocorrelation shows the relationship between Skyharbour Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Skyharbour Resources.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Skyharbour Stock Analysis
When running Skyharbour Resources' price analysis, check to measure Skyharbour Resources' 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 Skyharbour Resources is operating at the current time. Most of Skyharbour Resources' value examination focuses on studying past and present price action to predict the probability of Skyharbour Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyharbour Resources' price. Additionally, you may evaluate how the addition of Skyharbour Resources to your portfolios can decrease your overall portfolio volatility.