Signature Resources Stock Market Value
| SGU Stock | CAD 0.03 0.01 14.29% |
| Symbol | Signature |
Signature Resources Price To Book Ratio
Signature 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 Signature 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 Signature Resources.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Signature Resources on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Signature Resources or generate 0.0% return on investment in Signature Resources over 240 days. Signature Resources is related to or competes with Q Gold, and Goldbank Mining. Signature Resources Ltd. engages in the acquisition and exploration of mineral properties in Canada More
Signature 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 Signature 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 Signature Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 47.22 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.29 |
Signature Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signature Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signature Resources' standard deviation. In reality, there are many statistical measures that can use Signature Resources historical prices to predict the future Signature Resources' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (1.33) |
Signature Resources Backtested Returns
Signature Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0293, which indicates the firm had a -0.0293% return per unit of risk over the last 3 months. Signature Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Signature Resources' Variance of 78.07, coefficient of variation of (1,359), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Signature Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Signature Resources is expected to be smaller as well. At this point, Signature Resources has a negative expected return of -0.25%. Please make sure to validate Signature Resources' total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Signature Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Signature Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Signature Resources time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Signature Resources price movement. The serial correlation of -0.25 indicates that over 25.0% of current Signature Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Signature Resources lagged returns against current returns
Autocorrelation, which is Signature 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 Signature Resources' stock expected returns. We can calculate the autocorrelation of Signature Resources returns to help us make a trade decision. For example, suppose you find that Signature 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 |
Signature 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 Signature Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signature Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signature Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Signature Resources Lagged Returns
When evaluating Signature Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signature Resources stock have on its future price. Signature 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, Signature Resources autocorrelation shows the relationship between Signature Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Signature Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Signature Stock Analysis
When running Signature Resources' price analysis, check to measure Signature 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 Signature Resources is operating at the current time. Most of Signature Resources' value examination focuses on studying past and present price action to predict the probability of Signature Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Signature Resources' price. Additionally, you may evaluate how the addition of Signature Resources to your portfolios can decrease your overall portfolio volatility.