Silver Bull Resources Stock Market Value
| SVB Stock | CAD 0.12 0.01 7.69% |
| Symbol | Silver |
Silver Bull Resources Price To Book Ratio
Silver Bull '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 Bull'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 Bull.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Silver Bull on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Silver Bull Resources or generate 0.0% return on investment in Silver Bull over 180 days. Silver Bull is related to or competes with Stakeholder Gold, Loncor Resources, and Saville Resources. Silver Bull Resources, Inc., an exploration stage company, acquires, develops, and explores for mineral properties in Me... More
Silver Bull 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 Bull'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 Bull Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Silver Bull Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver Bull's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver Bull's standard deviation. In reality, there are many statistical measures that can use Silver Bull historical prices to predict the future Silver Bull's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.2473 |
Silver Bull Resources Backtested Returns
Silver Bull Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0465, which indicates the firm had a -0.0465% return per unit of risk over the last 3 months. Silver Bull Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silver Bull's insignificant Risk Adjusted Performance, coefficient of variation of (7,338), and Variance of 14.19 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Silver Bull are expected to decrease at a much lower rate. During the bear market, Silver Bull is likely to outperform the market. At this point, Silver Bull Resources has a negative expected return of -0.17%. Please make sure to validate Silver Bull's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Silver Bull Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Silver Bull Resources has insignificant predictability. Overlapping area represents the amount of predictability between Silver Bull time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Bull Resources price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Silver Bull price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver Bull Resources lagged returns against current returns
Autocorrelation, which is Silver Bull 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 Bull's stock expected returns. We can calculate the autocorrelation of Silver Bull returns to help us make a trade decision. For example, suppose you find that Silver Bull 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 Bull 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 Bull stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver Bull stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver Bull stock over time.
Current vs Lagged Prices |
| Timeline |
Silver Bull Lagged Returns
When evaluating Silver Bull's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver Bull stock have on its future price. Silver Bull 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 Bull autocorrelation shows the relationship between Silver Bull stock current value and its past values and can show if there is a momentum factor associated with investing in Silver Bull Resources.
Regressed Prices |
| Timeline |
Pair Trading with Silver Bull
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Silver Bull position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Silver Bull will appreciate offsetting losses from the drop in the long position's value.Moving against Silver Stock
| 0.55 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.51 | FSZ | Fiera Capital | PairCorr |
| 0.49 | LAC | Lithium Americas Corp | PairCorr |
| 0.49 | DFN | Dividend 15 Split | PairCorr |
| 0.48 | DGS | Dividend Growth Split | PairCorr |
The ability to find closely correlated positions to Silver Bull could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Bull when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Silver Bull - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Silver Bull Resources to buy it.
The correlation of Silver Bull is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silver Bull moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Bull Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Silver Bull can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Silver Stock
Silver Bull financial ratios help investors to determine whether Silver Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Silver with respect to the benefits of owning Silver Bull security.