Solitario Exploration Royalty Stock Market Value
| XPL Stock | USD 0.61 0.01 1.67% |
| Symbol | Solitario |
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Solitario Exploration. If investors know Solitario will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Solitario Exploration listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share (0.01) | Quarterly Revenue Growth (0.19) | Return On Assets (0.15) | Return On Equity (0.21) |
The market value of Solitario Exploration is measured differently than its book value, which is the value of Solitario that is recorded on the company's balance sheet. Investors also form their own opinion of Solitario Exploration's value that differs from its market value or its book value, called intrinsic value, which is Solitario Exploration's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Solitario Exploration's market value can be influenced by many factors that don't directly affect Solitario Exploration's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Solitario Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solitario Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solitario Exploration's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Solitario 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 Solitario 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 Solitario Exploration.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Solitario Exploration on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Solitario Exploration Royalty or generate 0.0% return on investment in Solitario Exploration over 720 days. Solitario Exploration is related to or competes with Vale SA, Teck Resources, BHP Group, Glencore PLC, Piedmont Lithium, Sigma Lithium, and Standard Lithium. Solitario Zinc Corp., an exploration stage company, engages in the acquisition and exploration of zinc and other base me... More
Solitario 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 Solitario 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 Solitario Exploration Royalty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 28.95 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 5.36 |
Solitario Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solitario Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solitario Exploration's standard deviation. In reality, there are many statistical measures that can use Solitario Exploration historical prices to predict the future Solitario Exploration's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (1.71) |
Solitario Exploration Backtested Returns
Solitario Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0844, which indicates the firm had a -0.0844% return per unit of risk over the last 3 months. Solitario Exploration Royalty exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solitario Exploration's Variance of 17.21, coefficient of variation of (1,067), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Solitario Exploration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solitario Exploration is expected to be smaller as well. At this point, Solitario Exploration has a negative expected return of -0.35%. Please make sure to validate Solitario Exploration's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and relative strength index , to decide if Solitario Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Solitario Exploration Royalty has modest reverse predictability. Overlapping area represents the amount of predictability between Solitario Exploration time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Solitario Exploration price movement. The serial correlation of -0.5 indicates that about 50.0% of current Solitario Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Solitario Exploration lagged returns against current returns
Autocorrelation, which is Solitario 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 Solitario Exploration's stock expected returns. We can calculate the autocorrelation of Solitario Exploration returns to help us make a trade decision. For example, suppose you find that Solitario 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 |
Solitario 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 Solitario Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solitario Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solitario Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
Solitario Exploration Lagged Returns
When evaluating Solitario Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solitario Exploration stock have on its future price. Solitario 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, Solitario Exploration autocorrelation shows the relationship between Solitario Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in Solitario Exploration Royalty.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Solitario Exploration Correlation, Solitario Exploration Volatility and Solitario Exploration Alpha and Beta module to complement your research on Solitario Exploration. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Solitario Exploration technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.