Sendero Resources Corp Stock Market Value
| SEND Stock | 0.21 0.01 5.00% |
| Symbol | Sendero |
Sendero 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 Sendero 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 Sendero Resources.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Sendero Resources on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Sendero Resources Corp or generate 0.0% return on investment in Sendero Resources over 180 days. Sendero Resources is related to or competes with Teck Resources, Ivanhoe Mines, Filo Mining, Calibre Mining, Sigma Lithium, Foran Mining, and NGEx Minerals. Sendero Resources is entity of Canada. It is traded as Stock on V exchange. More
Sendero 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 Sendero 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 Sendero Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.46 | |||
| Information Ratio | 0.0317 | |||
| Maximum Drawdown | 95.16 | |||
| Value At Risk | (28.57) | |||
| Potential Upside | 33.33 |
Sendero Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sendero Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sendero Resources' standard deviation. In reality, there are many statistical measures that can use Sendero Resources historical prices to predict the future Sendero Resources' volatility.| Risk Adjusted Performance | 0.0355 | |||
| Jensen Alpha | 0.178 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | 0.0829 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sendero 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.
Sendero Resources Corp Backtested Returns
Sendero Resources appears to be out of control, given 3 months investment horizon. Sendero Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0234, which indicates the firm had a 0.0234% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sendero Resources Corp, which you can use to evaluate the volatility of the company. Please review Sendero Resources' Semi Deviation of 12.28, risk adjusted performance of 0.0355, and Coefficient Of Variation of 2792.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sendero Resources holds a performance score of 1. The entity has a beta of 7.06, 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, Sendero Resources will likely underperform. Please check Sendero Resources' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Sendero Resources' existing price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Sendero Resources Corp has good predictability. Overlapping area represents the amount of predictability between Sendero Resources time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Sendero Resources Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Sendero Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sendero Resources Corp lagged returns against current returns
Autocorrelation, which is Sendero 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 Sendero Resources' stock expected returns. We can calculate the autocorrelation of Sendero Resources returns to help us make a trade decision. For example, suppose you find that Sendero 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 |
Sendero 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 Sendero Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sendero Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sendero Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sendero Resources Lagged Returns
When evaluating Sendero Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sendero Resources stock have on its future price. Sendero 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, Sendero Resources autocorrelation shows the relationship between Sendero Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sendero Resources Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Sendero Stock Analysis
When running Sendero Resources' price analysis, check to measure Sendero 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 Sendero Resources is operating at the current time. Most of Sendero Resources' value examination focuses on studying past and present price action to predict the probability of Sendero Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sendero Resources' price. Additionally, you may evaluate how the addition of Sendero Resources to your portfolios can decrease your overall portfolio volatility.