Scottie Resources Corp Stock Market Value
| SCOT Stock | CAD 0.16 0.01 5.88% |
| Symbol | Scottie |
Scottie Resources Corp Price To Book Ratio
Scottie 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 Scottie 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 Scottie Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Scottie Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Scottie Resources Corp or generate 0.0% return on investment in Scottie Resources over 30 days. Scottie Resources is related to or competes with Minaurum Gold, Dolly Varden, Santacruz Silv, and GoGold Resources. Scottie Resources Corp., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada More
Scottie 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 Scottie 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 Scottie Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.25 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 48.33 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.25 |
Scottie Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scottie Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scottie Resources' standard deviation. In reality, there are many statistical measures that can use Scottie Resources historical prices to predict the future Scottie Resources' volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (1.00) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0653 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scottie 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.
Scottie Resources Corp Backtested Returns
Scottie Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.011, which indicates the firm had a -0.011% return per unit of risk over the last 3 months. Scottie Resources Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scottie Resources' Risk Adjusted Performance of 0.021, semi deviation of 4.17, and Coefficient Of Variation of 6288.74 to confirm the risk estimate we provide. The entity has a beta of 1.44, 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, Scottie Resources will likely underperform. At this point, Scottie Resources Corp has a negative expected return of -0.0728%. Please make sure to validate Scottie Resources' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Scottie Resources Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Scottie Resources Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Scottie Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Scottie Resources Corp price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Scottie Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scottie Resources Corp lagged returns against current returns
Autocorrelation, which is Scottie 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 Scottie Resources' stock expected returns. We can calculate the autocorrelation of Scottie Resources returns to help us make a trade decision. For example, suppose you find that Scottie 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 |
Scottie 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 Scottie Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scottie Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scottie Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Scottie Resources Lagged Returns
When evaluating Scottie Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scottie Resources stock have on its future price. Scottie 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, Scottie Resources autocorrelation shows the relationship between Scottie Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Scottie Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scottie Stock Analysis
When running Scottie Resources' price analysis, check to measure Scottie 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 Scottie Resources is operating at the current time. Most of Scottie Resources' value examination focuses on studying past and present price action to predict the probability of Scottie Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scottie Resources' price. Additionally, you may evaluate how the addition of Scottie Resources to your portfolios can decrease your overall portfolio volatility.