Silver Spruce Resources Stock Market Value
| SSE Stock | CAD 0.01 0.00 0.00% |
| Symbol | Silver |
Silver Spruce Resources Price To Book Ratio
Silver Spruce '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 Silver Spruce'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 Silver Spruce.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Silver Spruce on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Spruce Resources or generate 0.0% return on investment in Silver Spruce over 30 days. Silver Spruce is related to or competes with Sandfire Resources. Silver Spruce Resources Inc., a junior exploration company, engages in the exploration and development of mineral proper... More
Silver Spruce 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 Silver Spruce'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 Silver Spruce Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0523 | |||
| Maximum Drawdown | 150.0 |
Silver Spruce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Spruce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Spruce's standard deviation. In reality, there are many statistical measures that can use Silver Spruce historical prices to predict the future Silver Spruce's volatility.| Risk Adjusted Performance | 0.0529 | |||
| Jensen Alpha | 0.7345 | |||
| Total Risk Alpha | 0.3391 | |||
| Treynor Ratio | 1.34 |
Silver Spruce Resources Backtested Returns
Silver Spruce appears to be out of control, given 3 months investment horizon. Silver Spruce Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.056, which indicates the firm had a 0.056% return per unit of risk over the last 3 months. By inspecting Silver Spruce's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review Silver Spruce's Coefficient Of Variation of 1827.74, variance of 191.72, and Risk Adjusted Performance of 0.0529 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silver Spruce holds a performance score of 4. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Silver Spruce's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silver Spruce is expected to be smaller as well. Please check Silver Spruce's information ratio and kurtosis , to make a quick decision on whether Silver Spruce's existing price patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
Silver Spruce Resources has perfect predictability. Overlapping area represents the amount of predictability between Silver Spruce time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Silver Spruce Resources price movement. The serial correlation of 1.0 indicates that 100.0% of current Silver Spruce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Spruce Resources lagged returns against current returns
Autocorrelation, which is Silver Spruce 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 Silver Spruce's stock expected returns. We can calculate the autocorrelation of Silver Spruce returns to help us make a trade decision. For example, suppose you find that Silver Spruce 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 |
Silver Spruce 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 Silver Spruce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Spruce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Spruce stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Spruce Lagged Returns
When evaluating Silver Spruce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Spruce stock have on its future price. Silver Spruce 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, Silver Spruce autocorrelation shows the relationship between Silver Spruce stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Spruce Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Silver Stock Analysis
When running Silver Spruce's price analysis, check to measure Silver Spruce'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 Silver Spruce is operating at the current time. Most of Silver Spruce's value examination focuses on studying past and present price action to predict the probability of Silver Spruce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silver Spruce's price. Additionally, you may evaluate how the addition of Silver Spruce to your portfolios can decrease your overall portfolio volatility.