Sparta Capital Stock Market Value
| SAY Stock | CAD 0.01 0.01 25.00% |
| Symbol | Sparta |
Sparta Capital Price To Book Ratio
Sparta Capital '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 Sparta Capital'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 Sparta Capital.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Sparta Capital on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sparta Capital or generate 0.0% return on investment in Sparta Capital over 360 days. Sparta Capital is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, IShares SPTSX, Dynamic Active, and Eminent Gold. Sparta Capital Ltd. engages in the development, manufacture, distribution, sale, and service of a range of complementary... More
Sparta Capital 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 Sparta Capital'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 Sparta Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 83.33 |
Sparta Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sparta Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sparta Capital's standard deviation. In reality, there are many statistical measures that can use Sparta Capital historical prices to predict the future Sparta Capital's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (0.13) |
Sparta Capital Backtested Returns
Sparta Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0159, which indicates the firm had a -0.0159% return per unit of risk over the last 3 months. Sparta Capital exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sparta Capital's insignificant Risk Adjusted Performance, coefficient of variation of (6,393), and Variance of 65.15 to confirm the risk estimate we provide. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Sparta Capital returns are very sensitive to returns on the market. As the market goes up or down, Sparta Capital is expected to follow. At this point, Sparta Capital has a negative expected return of -0.13%. Please make sure to validate Sparta Capital's information ratio and the relationship between the kurtosis and relative strength index , to decide if Sparta Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Sparta Capital has very weak reverse predictability. Overlapping area represents the amount of predictability between Sparta Capital time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Sparta Capital price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Sparta Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sparta Capital lagged returns against current returns
Autocorrelation, which is Sparta Capital 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 Sparta Capital's stock expected returns. We can calculate the autocorrelation of Sparta Capital returns to help us make a trade decision. For example, suppose you find that Sparta Capital 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 |
Sparta Capital 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 Sparta Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sparta Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sparta Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Sparta Capital Lagged Returns
When evaluating Sparta Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sparta Capital stock have on its future price. Sparta Capital 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, Sparta Capital autocorrelation shows the relationship between Sparta Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Sparta Capital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sparta Stock Analysis
When running Sparta Capital's price analysis, check to measure Sparta Capital'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 Sparta Capital is operating at the current time. Most of Sparta Capital's value examination focuses on studying past and present price action to predict the probability of Sparta Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparta Capital's price. Additionally, you may evaluate how the addition of Sparta Capital to your portfolios can decrease your overall portfolio volatility.