Skrr Exploration Stock Market Value
| SKRR Stock | CAD 0.17 0.00 0.00% |
| Symbol | SKRR |
SKRR Exploration Price To Book Ratio
SKRR 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 SKRR 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 SKRR Exploration.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in SKRR Exploration on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding SKRR Exploration or generate 0.0% return on investment in SKRR Exploration over 90 days. SKRR Exploration is related to or competes with Foraco International, Geodrill, Major Drilling, and Bri Chem. SKRR Exploration Inc. operates as a precious metal explorer More
SKRR 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 SKRR 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 SKRR Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.58 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 58.57 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 21.43 |
SKRR Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKRR Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKRR Exploration's standard deviation. In reality, there are many statistical measures that can use SKRR Exploration historical prices to predict the future SKRR Exploration's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.2926 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0098 | |||
| Treynor Ratio | (0.13) |
SKRR Exploration Backtested Returns
SKRR Exploration appears to be out of control, given 3 months investment horizon. SKRR Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0212, which indicates the firm had a 0.0212% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for SKRR Exploration, which you can use to evaluate the volatility of the company. Please review SKRR Exploration's coefficient of variation of 4588.7, and Risk Adjusted Performance of 0.025 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SKRR Exploration holds a performance score of 1. The entity has a beta of -1.59, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning SKRR Exploration are expected to decrease by larger amounts. On the other hand, during market turmoil, SKRR Exploration is expected to outperform it. Please check SKRR Exploration's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether SKRR Exploration's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
SKRR Exploration has average predictability. Overlapping area represents the amount of predictability between SKRR Exploration time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 SKRR Exploration price movement. The serial correlation of 0.41 indicates that just about 41.0% of current SKRR Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SKRR Exploration lagged returns against current returns
Autocorrelation, which is SKRR 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 SKRR Exploration's stock expected returns. We can calculate the autocorrelation of SKRR Exploration returns to help us make a trade decision. For example, suppose you find that SKRR 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 |
SKRR 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 SKRR Exploration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKRR Exploration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKRR Exploration stock over time.
Current vs Lagged Prices |
| Timeline |
SKRR Exploration Lagged Returns
When evaluating SKRR Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKRR Exploration stock have on its future price. SKRR 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, SKRR Exploration autocorrelation shows the relationship between SKRR Exploration stock current value and its past values and can show if there is a momentum factor associated with investing in SKRR Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SKRR Stock Analysis
When running SKRR Exploration's price analysis, check to measure SKRR Exploration'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 SKRR Exploration is operating at the current time. Most of SKRR Exploration's value examination focuses on studying past and present price action to predict the probability of SKRR Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKRR Exploration's price. Additionally, you may evaluate how the addition of SKRR Exploration to your portfolios can decrease your overall portfolio volatility.