Sokoman Minerals Corp Stock Market Value
| SIC Stock | CAD 0.04 0.01 12.50% |
| Symbol | Sokoman |
Sokoman Minerals Corp Price To Book Ratio
Sokoman Minerals '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 Sokoman Minerals' 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 Sokoman Minerals.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Sokoman Minerals on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sokoman Minerals Corp or generate 0.0% return on investment in Sokoman Minerals over 90 days. Sokoman Minerals is related to or competes with White Gold. Sokoman Minerals Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties i... More
Sokoman Minerals 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 Sokoman Minerals' 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 Sokoman Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.001) | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (12.50) |
Sokoman Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sokoman Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sokoman Minerals' standard deviation. In reality, there are many statistical measures that can use Sokoman Minerals historical prices to predict the future Sokoman Minerals' volatility.| Risk Adjusted Performance | 0.0132 | |||
| Jensen Alpha | 0.0393 | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.08) |
Sokoman Minerals Corp Backtested Returns
At this stage we consider Sokoman Stock to be out of control. Sokoman Minerals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0055, which indicates the firm had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Sokoman Minerals Corp, which you can use to evaluate the volatility of the company. Please validate Sokoman Minerals' Variance of 49.71, risk adjusted performance of 0.0132, and Coefficient Of Variation of 18613.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.0391%. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sokoman Minerals are expected to decrease at a much lower rate. During the bear market, Sokoman Minerals is likely to outperform the market. Sokoman Minerals Corp right now has a risk of 7.16%. Please validate Sokoman Minerals skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sokoman Minerals will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Sokoman Minerals Corp has virtually no predictability. Overlapping area represents the amount of predictability between Sokoman Minerals time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Sokoman Minerals Corp price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Sokoman Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sokoman Minerals Corp lagged returns against current returns
Autocorrelation, which is Sokoman Minerals 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 Sokoman Minerals' stock expected returns. We can calculate the autocorrelation of Sokoman Minerals returns to help us make a trade decision. For example, suppose you find that Sokoman Minerals 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 |
Sokoman Minerals 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 Sokoman Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sokoman Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sokoman Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Sokoman Minerals Lagged Returns
When evaluating Sokoman Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sokoman Minerals stock have on its future price. Sokoman Minerals 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, Sokoman Minerals autocorrelation shows the relationship between Sokoman Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Sokoman Minerals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sokoman Stock Analysis
When running Sokoman Minerals' price analysis, check to measure Sokoman Minerals' 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 Sokoman Minerals is operating at the current time. Most of Sokoman Minerals' value examination focuses on studying past and present price action to predict the probability of Sokoman Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sokoman Minerals' price. Additionally, you may evaluate how the addition of Sokoman Minerals to your portfolios can decrease your overall portfolio volatility.