South Pacific Metals Stock Market Value
| SPMC Stock | 0.45 0.00 0.00% |
| Symbol | South |
South Pacific '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 South Pacific'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 South Pacific.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in South Pacific on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding South Pacific Metals or generate 0.0% return on investment in South Pacific over 180 days. South Pacific is related to or competes with Newmont Goldcorp, Agnico Eagle, Barrick Gold, Wheaton Precious, Franco Nevada, Kinross Gold, and Alamos Gold. South Pacific is entity of Canada. It is traded as Stock on V exchange. More
South Pacific 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 South Pacific'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 South Pacific Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.61 | |||
| Information Ratio | 3.0E-4 | |||
| Maximum Drawdown | 38.39 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 11.76 |
South Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for South Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as South Pacific's standard deviation. In reality, there are many statistical measures that can use South Pacific historical prices to predict the future South Pacific's volatility.| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0087 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | 0.0346 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of South Pacific'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.
South Pacific Metals Backtested Returns
South Pacific Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. South Pacific Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate South Pacific's Coefficient Of Variation of 18609.28, semi deviation of 4.82, and Risk Adjusted Performance of 0.013 to confirm the risk estimate we provide. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, South Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding South Pacific is expected to be smaller as well. At this point, South Pacific Metals has a negative expected return of -0.53%. Please make sure to validate South Pacific's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if South Pacific Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
South Pacific Metals has poor reverse predictability. Overlapping area represents the amount of predictability between South Pacific time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 South Pacific Metals price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current South Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
South Pacific Metals lagged returns against current returns
Autocorrelation, which is South Pacific 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 South Pacific's stock expected returns. We can calculate the autocorrelation of South Pacific returns to help us make a trade decision. For example, suppose you find that South Pacific 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 |
South Pacific 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 South Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if South Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in South Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
South Pacific Lagged Returns
When evaluating South Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of South Pacific stock have on its future price. South Pacific 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, South Pacific autocorrelation shows the relationship between South Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in South Pacific Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for South Stock Analysis
When running South Pacific's price analysis, check to measure South Pacific'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 South Pacific is operating at the current time. Most of South Pacific's value examination focuses on studying past and present price action to predict the probability of South Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move South Pacific's price. Additionally, you may evaluate how the addition of South Pacific to your portfolios can decrease your overall portfolio volatility.