Sonora Resources Corp Etf Market Value
| SURE Etf | USD 125.87 0.57 0.45% |
| Symbol | Sonora |
The market value of Sonora Resources Corp is measured differently than its book value, which is the value of Sonora that is recorded on the company's balance sheet. Investors also form their own opinion of Sonora Resources' value that differs from its market value or its book value, called intrinsic value, which is Sonora Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonora Resources' market value can be influenced by many factors that don't directly affect Sonora Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonora Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonora Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonora Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sonora 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 Sonora Resources' etf 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 Sonora Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sonora Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sonora Resources Corp or generate 0.0% return on investment in Sonora Resources over 30 days. Sonora Resources is related to or competes with IShares Small, Invesco ESG, Invesco ESG, and BlackRock Carbon. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by primarily investi... More
Sonora 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 Sonora Resources' etf 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 Sonora Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7578 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.27 |
Sonora Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonora Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonora Resources' standard deviation. In reality, there are many statistical measures that can use Sonora Resources historical prices to predict the future Sonora Resources' volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1229 |
Sonora Resources Corp Backtested Returns
At this point, Sonora Resources is very steady. Sonora Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sonora Resources Corp, which you can use to evaluate the volatility of the etf. Please validate Sonora Resources' Semi Deviation of 0.5705, risk adjusted performance of 0.1192, and Coefficient Of Variation of 645.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 0.97, which indicates possible diversification benefits within a given portfolio. Sonora Resources returns are very sensitive to returns on the market. As the market goes up or down, Sonora Resources is expected to follow.
Auto-correlation | 0.94 |
Excellent predictability
Sonora Resources Corp has excellent predictability. Overlapping area represents the amount of predictability between Sonora Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Sonora Resources Corp price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Sonora Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.58 |
Sonora Resources Corp lagged returns against current returns
Autocorrelation, which is Sonora Resources etf'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 Sonora Resources' etf expected returns. We can calculate the autocorrelation of Sonora Resources returns to help us make a trade decision. For example, suppose you find that Sonora Resources has exhibited high autocorrelation historically, and you observe that the etf 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 |
Sonora 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 Sonora Resources etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonora Resources etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonora Resources etf over time.
Current vs Lagged Prices |
| Timeline |
Sonora Resources Lagged Returns
When evaluating Sonora Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonora Resources etf have on its future price. Sonora 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, Sonora Resources autocorrelation shows the relationship between Sonora Resources etf current value and its past values and can show if there is a momentum factor associated with investing in Sonora Resources Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Sonora Resources Corp is a strong investment it is important to analyze Sonora Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sonora Resources' future performance. For an informed investment choice regarding Sonora Etf, refer to the following important reports:Check out Sonora Resources Correlation, Sonora Resources Volatility and Sonora Resources Alpha and Beta module to complement your research on Sonora Resources. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Sonora Resources technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.