Scandium Interna Stock Market Value
| SCY Stock | CAD 0.01 0.01 25.00% |
| Symbol | Scandium |
Scandium Interna Price To Book Ratio
Scandium Interna '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 Interna'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 Interna.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Scandium Interna on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Scandium Interna or generate 0.0% return on investment in Scandium Interna over 30 days. Scandium Interna is related to or competes with Serabi Gold, and PJX Resources. Scandium International Mining Corp., an exploration stage company, focuses on the exploration, evaluation, and developme... More
Scandium Interna 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 Interna'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 Interna upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.39 | |||
| Information Ratio | 0.0491 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Scandium Interna Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scandium Interna's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scandium Interna's standard deviation. In reality, there are many statistical measures that can use Scandium Interna historical prices to predict the future Scandium Interna's volatility.| Risk Adjusted Performance | 0.0552 | |||
| Jensen Alpha | 0.8056 | |||
| Total Risk Alpha | (1.36) | |||
| Sortino Ratio | 0.0226 | |||
| Treynor Ratio | (1.64) |
Scandium Interna Backtested Returns
Scandium Interna appears to be out of control, given 3 months investment horizon. Scandium Interna owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0609, which indicates the firm had a 0.0609% return per unit of risk over the last 3 months. By inspecting Scandium Interna's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please review Scandium Interna's Risk Adjusted Performance of 0.0552, semi deviation of 7.92, and Coefficient Of Variation of 1667.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Scandium Interna holds a performance score of 4. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Scandium Interna are expected to decrease at a much lower rate. During the bear market, Scandium Interna is likely to outperform the market. Please check Scandium Interna'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 Interna's existing price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Scandium Interna has weak reverse predictability. Overlapping area represents the amount of predictability between Scandium Interna time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Scandium Interna price movement. The serial correlation of -0.22 indicates that over 22.0% of current Scandium Interna price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Scandium Interna lagged returns against current returns
Autocorrelation, which is Scandium Interna 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 Interna's stock expected returns. We can calculate the autocorrelation of Scandium Interna returns to help us make a trade decision. For example, suppose you find that Scandium Interna 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 Interna 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 Interna stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scandium Interna stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scandium Interna stock over time.
Current vs Lagged Prices |
| Timeline |
Scandium Interna Lagged Returns
When evaluating Scandium Interna's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scandium Interna stock have on its future price. Scandium Interna 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 Interna autocorrelation shows the relationship between Scandium Interna stock current value and its past values and can show if there is a momentum factor associated with investing in Scandium Interna.
Regressed Prices |
| Timeline |
Pair Trading with Scandium Interna
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Scandium Interna position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Scandium Interna will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Scandium Interna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scandium Interna when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Scandium Interna - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Scandium Interna to buy it.
The correlation of Scandium Interna is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scandium Interna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scandium Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Scandium Interna can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Scandium Stock
Scandium Interna financial ratios help investors to determine whether Scandium Stock 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 Scandium with respect to the benefits of owning Scandium Interna security.