Sun Summit Minerals Stock Market Value
| SMREF Stock | USD 0.08 0 4.94% |
| Symbol | Sun |
Sun Summit '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 Sun Summit's otc 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 Sun Summit.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Sun Summit on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Summit Minerals or generate 0.0% return on investment in Sun Summit over 180 days. Sun Summit is related to or competes with Amarc Resources, Pampa Metals, Barksdale Resources, Progressive Planet, and Adriatic Metals. Sun Summit Minerals Corp. engages in the acquisition, exploration, and development of precious metal properties in Mexic... More
Sun Summit 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 Sun Summit's otc 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 Sun Summit Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 71.43 | |||
| Value At Risk | (13.18) | |||
| Potential Upside | 15.18 |
Sun Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Summit's standard deviation. In reality, there are many statistical measures that can use Sun Summit historical prices to predict the future Sun Summit's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (1.42) | |||
| Treynor Ratio | 0.7154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sun Summit's 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.
Sun Summit Minerals Backtested Returns
Sun Summit Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0213, which indicates the firm had a -0.0213% return per unit of risk over the last 3 months. Sun Summit Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Summit's Risk Adjusted Performance of 0.0028, coefficient of variation of (11,206), and Variance of 111.34 to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sun Summit are expected to decrease at a much lower rate. During the bear market, Sun Summit is likely to outperform the market. At this point, Sun Summit Minerals has a negative expected return of -0.23%. Please make sure to validate Sun Summit's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Sun Summit Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Sun Summit Minerals has average predictability. Overlapping area represents the amount of predictability between Sun Summit time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Sun Summit Minerals price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Sun Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sun Summit Minerals lagged returns against current returns
Autocorrelation, which is Sun Summit otc 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 Sun Summit's otc stock expected returns. We can calculate the autocorrelation of Sun Summit returns to help us make a trade decision. For example, suppose you find that Sun Summit has exhibited high autocorrelation historically, and you observe that the otc 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 |
Sun Summit 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 Sun Summit otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Summit otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Summit otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Summit Lagged Returns
When evaluating Sun Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Summit otc stock have on its future price. Sun Summit 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, Sun Summit autocorrelation shows the relationship between Sun Summit otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Summit Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sun OTC Stock
Sun Summit financial ratios help investors to determine whether Sun OTC 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 Sun with respect to the benefits of owning Sun Summit security.