Sienna Resources Stock Market Value
| SIE Stock | CAD 0.03 0.01 25.00% |
| Symbol | Sienna |
Sienna Resources Price To Book Ratio
Sienna 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 Sienna 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 Sienna Resources.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Sienna Resources on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Sienna Resources or generate 0.0% return on investment in Sienna Resources over 390 days. Sienna Resources is related to or competes with Canlan Ice, Salesforce, Quorum Information, Nicola Mining, Ramp Metals, Forsys Metals, and Dream Industrial. Sienna Resources Inc. engages in the identification, acquisition, and exploration of mineral properties in Canada, Swede... More
Sienna 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 Sienna 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 Sienna Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.73 | |||
| Information Ratio | 0.0337 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Sienna Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sienna Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sienna Resources' standard deviation. In reality, there are many statistical measures that can use Sienna Resources historical prices to predict the future Sienna Resources' volatility.| Risk Adjusted Performance | 0.038 | |||
| Jensen Alpha | 0.504 | |||
| Total Risk Alpha | 0.1027 | |||
| Sortino Ratio | 0.0177 | |||
| Treynor Ratio | (1.23) |
Sienna Resources Backtested Returns
Sienna Resources appears to be out of control, given 3 months investment horizon. Sienna Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0363, which indicates the firm had a 0.0363% return per unit of risk over the last 3 months. By inspecting Sienna Resources' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review Sienna Resources' Coefficient Of Variation of 2774.28, semi deviation of 9.26, and Risk Adjusted Performance of 0.038 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sienna Resources holds a performance score of 2. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sienna Resources are expected to decrease at a much lower rate. During the bear market, Sienna Resources is likely to outperform the market. Please check Sienna Resources' jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Sienna Resources' existing price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Sienna Resources has weak predictability. Overlapping area represents the amount of predictability between Sienna Resources time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Sienna Resources price movement. The serial correlation of 0.23 indicates that over 23.0% of current Sienna Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sienna Resources lagged returns against current returns
Autocorrelation, which is Sienna 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 Sienna Resources' stock expected returns. We can calculate the autocorrelation of Sienna Resources returns to help us make a trade decision. For example, suppose you find that Sienna 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 |
Sienna 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 Sienna Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sienna Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sienna Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Sienna Resources Lagged Returns
When evaluating Sienna Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sienna Resources stock have on its future price. Sienna 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, Sienna Resources autocorrelation shows the relationship between Sienna Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Sienna Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sienna Stock Analysis
When running Sienna Resources' price analysis, check to measure Sienna 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 Sienna Resources is operating at the current time. Most of Sienna Resources' value examination focuses on studying past and present price action to predict the probability of Sienna Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sienna Resources' price. Additionally, you may evaluate how the addition of Sienna Resources to your portfolios can decrease your overall portfolio volatility.