Scottie Resources Corp Stock Market Value

SCOT Stock  CAD 0.78  0.05  6.02%   
Scottie Resources' market value is the price at which a share of Scottie Resources trades on a public exchange. It measures the collective expectations of Scottie Resources Corp investors about its performance. Scottie Resources is selling for under 0.78 as of the 10th of December 2024; that is 6.02% down since the beginning of the trading day. The stock's lowest day price was 0.77.
With this module, you can estimate the performance of a buy and hold strategy of Scottie Resources Corp and determine expected loss or profit from investing in Scottie Resources over a given investment horizon. Check out Scottie Resources Correlation, Scottie Resources Volatility and Scottie Resources Alpha and Beta module to complement your research on Scottie Resources.
Symbol

Scottie Resources Corp Price To Book Ratio

Please note, there is a significant difference between Scottie Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Scottie Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scottie Resources' 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.

Scottie 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 Scottie 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 Scottie Resources.
0.00
11/10/2024
No Change 0.00  0.0 
In 31 days
12/10/2024
0.00
If you would invest  0.00  in Scottie Resources on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding Scottie Resources Corp or generate 0.0% return on investment in Scottie Resources over 30 days. Scottie Resources is related to or competes with Libero Copper. Scottie Resources Corp., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada More

Scottie 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 Scottie 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 Scottie Resources Corp upside and downside potential and time the market with a certain degree of confidence.

Scottie Resources Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Scottie Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scottie Resources' standard deviation. In reality, there are many statistical measures that can use Scottie Resources historical prices to predict the future Scottie Resources' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scottie Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.040.776.75
Details
Intrinsic
Valuation
LowRealHigh
0.040.736.72
Details
Naive
Forecast
LowNextHigh
0.010.706.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.790.941.09
Details

Scottie Resources Corp Backtested Returns

Scottie Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0276, which indicates the firm had a -0.0276% return per unit of risk over the last 3 months. Scottie Resources Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scottie Resources' Coefficient Of Variation of (3,762), risk adjusted performance of (0.01), and Variance of 34.35 to confirm the risk estimate we provide. The entity has a beta of 1.6, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Scottie Resources will likely underperform. At this point, Scottie Resources Corp has a negative expected return of -0.16%. Please make sure to validate Scottie Resources' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Scottie Resources Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Scottie Resources Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Scottie Resources time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 Scottie Resources Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Scottie Resources price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.01

Scottie Resources Corp lagged returns against current returns

Autocorrelation, which is Scottie 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 Scottie Resources' stock expected returns. We can calculate the autocorrelation of Scottie Resources returns to help us make a trade decision. For example, suppose you find that Scottie 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   
       Timeline  

Scottie 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 Scottie Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scottie Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scottie Resources stock over time.
   Current vs Lagged Prices   
       Timeline  

Scottie Resources Lagged Returns

When evaluating Scottie Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scottie Resources stock have on its future price. Scottie 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, Scottie Resources autocorrelation shows the relationship between Scottie Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Scottie Resources Corp.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Scottie Stock Analysis

When running Scottie Resources' price analysis, check to measure Scottie 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 Scottie Resources is operating at the current time. Most of Scottie Resources' value examination focuses on studying past and present price action to predict the probability of Scottie Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scottie Resources' price. Additionally, you may evaluate how the addition of Scottie Resources to your portfolios can decrease your overall portfolio volatility.