Searchlight Resources Stock Market Value
| SCLTF Stock | USD 0 0.0005 12.20% |
| Symbol | Searchlight |
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' pink sheet 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.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Searchlight Resources on October 4, 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 60 days. Searchlight Resources is related to or competes with IGO, and Adriatic Metals. 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' pink sheet 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 | 19.44 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 99.36 | |||
| Value At Risk | (22.37) | |||
| Potential Upside | 28.81 |
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 | 0.0114 | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (2.43) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0145 |
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 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0132, which indicates the firm had a -0.0132% return per unit of risk over the last 3 months. Searchlight Resources exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Searchlight Resources' Coefficient Of Variation of 41558.73, risk adjusted performance of 0.0114, and Semi Deviation of 11.75 to confirm the risk estimate we provide. The entity has a beta of 2.04, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Searchlight Resources will likely underperform. At this point, Searchlight Resources has a negative expected return of -0.22%. Please make sure to validate Searchlight Resources' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Searchlight Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Searchlight Resources has poor predictability. Overlapping area represents the amount of predictability between Searchlight Resources time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 0.28 indicates that nearly 28.0% of current Searchlight Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Searchlight Resources lagged returns against current returns
Autocorrelation, which is Searchlight Resources pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Searchlight Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Searchlight Resources pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Searchlight Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Searchlight Pink Sheet
Searchlight Resources financial ratios help investors to determine whether Searchlight Pink Sheet 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 Searchlight with respect to the benefits of owning Searchlight Resources security.