Sable Resources Stock Market Value
| SAE Stock | CAD 0.04 0.01 16.67% |
| Symbol | Sable |
Sable Resources Price To Book Ratio
Sable 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 Sable Resources' 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 Sable Resources.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Sable Resources on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sable Resources or generate 0.0% return on investment in Sable Resources over 30 days. Sable Resources is related to or competes with AbraSilver Resource, Defiance Silver, Strikepoint Gold, Southern Silver, and Equity Metals. Sable Resources Ltd., a natural resource company, engages in the acquisition, exploration, and development of precious m... More
Sable 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 Sable Resources' 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 Sable Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Sable Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sable Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sable Resources' standard deviation. In reality, there are many statistical measures that can use Sable Resources historical prices to predict the future Sable Resources' volatility.| Risk Adjusted Performance | 0.0053 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.0449 |
Sable Resources Backtested Returns
At this stage we consider Sable Stock to be out of control. Sable Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0144, which indicates the firm had a 0.0144 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Sable Resources, which you can use to evaluate the volatility of the company. Please validate Sable Resources' Coefficient Of Variation of (22,852), risk adjusted performance of 0.0053, and Variance of 70.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Sable Resources has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -1.04, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Sable Resources are expected to decrease slowly. On the other hand, during market turmoil, Sable Resources is expected to outperform it slightly. Sable Resources right now has a risk of 8.33%. Please validate Sable Resources information ratio and the relationship between the potential upside and period momentum indicator , to decide if Sable Resources will be following its existing price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Sable Resources has good reverse predictability. Overlapping area represents the amount of predictability between Sable Resources time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sable Resources price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Sable Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sable Resources lagged returns against current returns
Autocorrelation, which is Sable Resources 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 Sable Resources' stock expected returns. We can calculate the autocorrelation of Sable Resources returns to help us make a trade decision. For example, suppose you find that Sable Resources 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 |
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Sable 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 Sable Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sable Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sable Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sable Resources Lagged Returns
When evaluating Sable Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sable Resources stock have on its future price. Sable 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, Sable Resources autocorrelation shows the relationship between Sable Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sable Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sable Stock Analysis
When running Sable Resources' price analysis, check to measure Sable Resources' 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 Sable Resources is operating at the current time. Most of Sable Resources' value examination focuses on studying past and present price action to predict the probability of Sable Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sable Resources' price. Additionally, you may evaluate how the addition of Sable Resources to your portfolios can decrease your overall portfolio volatility.