Southern Empire Resources Stock Market Value
| SMP Stock | 0.03 0.01 20.00% |
| Symbol | Southern |
Southern Empire Resources Price To Book Ratio
Southern Empire '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 Southern Empire'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 Southern Empire.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Southern Empire on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Empire Resources or generate 0.0% return on investment in Southern Empire over 240 days. Southern Empire is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. Southern Empire is entity of Canada. It is traded as Stock on V exchange. More
Southern Empire 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 Southern Empire'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 Southern Empire Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 37.92 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 12.5 |
Southern Empire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Empire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Empire's standard deviation. In reality, there are many statistical measures that can use Southern Empire historical prices to predict the future Southern Empire's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (2.46) | |||
| Treynor Ratio | 1.99 |
Southern Empire Resources Backtested Returns
Southern Empire Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Southern Empire Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Empire's Coefficient Of Variation of (956.88), variance of 81.68, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Southern Empire are expected to decrease at a much lower rate. During the bear market, Southern Empire is likely to outperform the market. At this point, Southern Empire Resources has a negative expected return of -1.08%. Please make sure to validate Southern Empire's treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Southern Empire Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Southern Empire Resources has average predictability. Overlapping area represents the amount of predictability between Southern Empire time series from 6th of April 2024 to 4th of August 2024 and 4th of August 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 Southern Empire Resources price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Southern Empire price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Southern Empire Resources lagged returns against current returns
Autocorrelation, which is Southern Empire 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 Southern Empire's stock expected returns. We can calculate the autocorrelation of Southern Empire returns to help us make a trade decision. For example, suppose you find that Southern Empire 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 |
Southern Empire 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 Southern Empire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Empire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Empire stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Empire Lagged Returns
When evaluating Southern Empire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Empire stock have on its future price. Southern Empire 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, Southern Empire autocorrelation shows the relationship between Southern Empire stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Empire Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Southern Stock Analysis
When running Southern Empire's price analysis, check to measure Southern Empire's 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 Southern Empire is operating at the current time. Most of Southern Empire's value examination focuses on studying past and present price action to predict the probability of Southern Empire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Empire's price. Additionally, you may evaluate how the addition of Southern Empire to your portfolios can decrease your overall portfolio volatility.