Scandium Canada Stock Market Value
| SCD Stock | CAD 0.01 0.01 25.00% |
| Symbol | Scandium |
Scandium Canada '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 Scandium Canada'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 Scandium Canada.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Scandium Canada on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Scandium Canada or generate 0.0% return on investment in Scandium Canada over 90 days. Scandium Canada is related to or competes with Fairfax Financial, Gamehost, Canadian Imperial, East Side, Andlauer Healthcare, Definity Financial, and Solution Financial. Samoth Oilfield Inc. engages in the development and production of natural gas and natural gas liquids in Western Canada More
Scandium Canada 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 Scandium Canada'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 Scandium Canada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.86 | |||
| Information Ratio | 0.0794 | |||
| Maximum Drawdown | 106.67 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Scandium Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandium Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandium Canada's standard deviation. In reality, there are many statistical measures that can use Scandium Canada historical prices to predict the future Scandium Canada's volatility.| Risk Adjusted Performance | 0.0732 | |||
| Jensen Alpha | 0.5084 | |||
| Total Risk Alpha | 3.14 | |||
| Sortino Ratio | 0.0422 | |||
| Treynor Ratio | (0.20) |
Scandium Canada Backtested Returns
Scandium Canada appears to be out of control, given 3 months investment horizon. Scandium Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.067, which indicates the firm had a 0.067 % return per unit of risk over the last 3 months. By inspecting Scandium Canada's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Scandium Canada's Coefficient Of Variation of 1366.26, semi deviation of 9.54, and Risk Adjusted Performance of 0.0732 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scandium Canada holds a performance score of 5. The entity has a beta of -5.9, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Scandium Canada are expected to decrease by larger amounts. On the other hand, during market turmoil, Scandium Canada is expected to outperform it. Please check Scandium Canada's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Scandium Canada's existing price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Scandium Canada has very weak reverse predictability. Overlapping area represents the amount of predictability between Scandium Canada time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Scandium Canada price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Scandium Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandium Canada lagged returns against current returns
Autocorrelation, which is Scandium Canada 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 Scandium Canada's stock expected returns. We can calculate the autocorrelation of Scandium Canada returns to help us make a trade decision. For example, suppose you find that Scandium Canada 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 |
Scandium Canada 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 Scandium Canada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandium Canada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandium Canada stock over time.
Current vs Lagged Prices |
| Timeline |
Scandium Canada Lagged Returns
When evaluating Scandium Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandium Canada stock have on its future price. Scandium Canada 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, Scandium Canada autocorrelation shows the relationship between Scandium Canada stock current value and its past values and can show if there is a momentum factor associated with investing in Scandium Canada.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Scandium Stock Analysis
When running Scandium Canada's price analysis, check to measure Scandium Canada'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 Scandium Canada is operating at the current time. Most of Scandium Canada's value examination focuses on studying past and present price action to predict the probability of Scandium Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandium Canada's price. Additionally, you may evaluate how the addition of Scandium Canada to your portfolios can decrease your overall portfolio volatility.