Searchlight Resources Stock Market Value
| SCLT Stock | CAD 0.01 0.00 0.00% |
| Symbol | Searchlight |
Searchlight Resources Price To Book Ratio
Searchlight 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 Searchlight 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 Searchlight Resources.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Searchlight Resources on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Searchlight Resources or generate 0.0% return on investment in Searchlight Resources over 180 days. Searchlight Resources is related to or competes with SKRR Exploration. Searchlight Resources Inc., an exploration stage company, acquires, explores for, and develops mineral properties in Can... More
Searchlight 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 Searchlight 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 Searchlight Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.77 | |||
| Information Ratio | 0.1341 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Searchlight Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Searchlight Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Searchlight Resources' standard deviation. In reality, there are many statistical measures that can use Searchlight Resources historical prices to predict the future Searchlight Resources' volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 4.62 | |||
| Total Risk Alpha | 3.59 | |||
| Sortino Ratio | 0.0824 | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Searchlight Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Searchlight Resources Backtested Returns
Searchlight Resources is out of control given 3 months investment horizon. Searchlight Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 3.91% are justified by taking the suggested risk. Use Searchlight Resources Semi Deviation of 15.8, risk adjusted performance of 0.1168, and Coefficient Of Variation of 740.48 to evaluate company specific risk that cannot be diversified away. Searchlight Resources holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -3.91, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Searchlight Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Searchlight Resources is expected to outperform it. Use Searchlight Resources coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to analyze future returns on Searchlight Resources.
Auto-correlation | -0.22 |
Weak reverse predictability
Searchlight Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Searchlight Resources time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Searchlight Resources price movement. The serial correlation of -0.22 indicates that over 22.0% of current Searchlight Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Searchlight Resources lagged returns against current returns
Autocorrelation, which is Searchlight 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 Searchlight Resources' stock expected returns. We can calculate the autocorrelation of Searchlight Resources returns to help us make a trade decision. For example, suppose you find that Searchlight 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 |
| Timeline |
Searchlight 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 Searchlight Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Searchlight Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Searchlight Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Searchlight Resources Lagged Returns
When evaluating Searchlight Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Searchlight Resources stock have on its future price. Searchlight 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, Searchlight Resources autocorrelation shows the relationship between Searchlight Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Searchlight Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Searchlight Stock Analysis
When running Searchlight Resources' price analysis, check to measure Searchlight 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 Searchlight Resources is operating at the current time. Most of Searchlight Resources' value examination focuses on studying past and present price action to predict the probability of Searchlight Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Searchlight Resources' price. Additionally, you may evaluate how the addition of Searchlight Resources to your portfolios can decrease your overall portfolio volatility.