Ssr Mining (Australia) Market Value
| SSR Stock | 11.04 0.14 1.28% |
| Symbol | Ssr |
Ssr Mining '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 Ssr Mining'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 Ssr Mining.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Ssr Mining on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ssr Mining or generate 0.0% return on investment in Ssr Mining over 180 days. Ssr Mining is related to or competes with Northern Star, Evolution Mining, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Ssr Mining is entity of Australia. It is traded as Stock on AU exchange. More
Ssr Mining 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 Ssr Mining'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 Ssr Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1004 | |||
| Maximum Drawdown | 19.27 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 7.12 |
Ssr Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ssr Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ssr Mining's standard deviation. In reality, there are many statistical measures that can use Ssr Mining historical prices to predict the future Ssr Mining's volatility.| Risk Adjusted Performance | 0.0975 | |||
| Jensen Alpha | 0.4301 | |||
| Total Risk Alpha | 0.2519 | |||
| Sortino Ratio | 0.1126 | |||
| Treynor Ratio | (1.15) |
Ssr Mining Backtested Returns
Ssr Mining appears to be somewhat reliable, given 3 months investment horizon. Ssr Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ssr Mining, which you can use to evaluate the volatility of the company. Please review Ssr Mining's Coefficient Of Variation of 891.95, semi deviation of 3.08, and Risk Adjusted Performance of 0.0975 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ssr Mining holds a performance score of 8. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ssr Mining are expected to decrease at a much lower rate. During the bear market, Ssr Mining is likely to outperform the market. Please check Ssr Mining'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 Ssr Mining's existing price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Ssr Mining has good predictability. Overlapping area represents the amount of predictability between Ssr Mining time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Ssr Mining price movement. The serial correlation of 0.66 indicates that around 66.0% of current Ssr Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
Ssr Mining lagged returns against current returns
Autocorrelation, which is Ssr Mining 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 Ssr Mining's stock expected returns. We can calculate the autocorrelation of Ssr Mining returns to help us make a trade decision. For example, suppose you find that Ssr Mining 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 |
Ssr Mining 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 Ssr Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ssr Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ssr Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Ssr Mining Lagged Returns
When evaluating Ssr Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ssr Mining stock have on its future price. Ssr Mining 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, Ssr Mining autocorrelation shows the relationship between Ssr Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Ssr Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ssr Stock Analysis
When running Ssr Mining's price analysis, check to measure Ssr Mining'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 Ssr Mining is operating at the current time. Most of Ssr Mining's value examination focuses on studying past and present price action to predict the probability of Ssr Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ssr Mining's price. Additionally, you may evaluate how the addition of Ssr Mining to your portfolios can decrease your overall portfolio volatility.