Signature Resources Stock Market Value
| SGU Stock | CAD 0.04 0.01 10.00% |
| Symbol | Signature |
Signature Resources Price To Book Ratio
Signature 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 Signature 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 Signature Resources.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Signature Resources on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Signature Resources or generate 0.0% return on investment in Signature Resources over 90 days. Signature Resources is related to or competes with E L, Orbit Garant, Sun Life, Accord Financial, Major Drilling, and CoinSmart Financial. Signature Resources Ltd. engages in the acquisition and exploration of mineral properties in Canada More
Signature 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 Signature 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 Signature Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.41 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 118.18 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 22.22 |
Signature Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Signature Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Signature Resources' standard deviation. In reality, there are many statistical measures that can use Signature Resources historical prices to predict the future Signature Resources' volatility.| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 0.9874 | |||
| Total Risk Alpha | 3.18 | |||
| Sortino Ratio | 0.1009 | |||
| Treynor Ratio | (0.53) |
Signature Resources Backtested Returns
Signature Resources is out of control given 3 months investment horizon. Signature Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0994, which indicates the firm had a 0.0994 % return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.59% are justified by taking the suggested risk. Use Signature Resources Semi Deviation of 6.05, risk adjusted performance of 0.0799, and Coefficient Of Variation of 1235.93 to evaluate company specific risk that cannot be diversified away. Signature Resources holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of -2.35, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Signature Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Signature Resources is expected to outperform it. Use Signature Resources total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to analyze future returns on Signature Resources.
Auto-correlation | 0.29 |
Poor predictability
Signature Resources has poor predictability. Overlapping area represents the amount of predictability between Signature Resources time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Signature Resources price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Signature Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Signature Resources lagged returns against current returns
Autocorrelation, which is Signature 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 Signature Resources' stock expected returns. We can calculate the autocorrelation of Signature Resources returns to help us make a trade decision. For example, suppose you find that Signature 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 |
Signature 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 Signature Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Signature Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Signature Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Signature Resources Lagged Returns
When evaluating Signature Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Signature Resources stock have on its future price. Signature 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, Signature Resources autocorrelation shows the relationship between Signature Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Signature Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Signature Stock Analysis
When running Signature Resources' price analysis, check to measure Signature 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 Signature Resources is operating at the current time. Most of Signature Resources' value examination focuses on studying past and present price action to predict the probability of Signature Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Signature Resources' price. Additionally, you may evaluate how the addition of Signature Resources to your portfolios can decrease your overall portfolio volatility.