Snipp Interactive Stock Market Value
| SPN Stock | CAD 0.09 0.01 5.88% |
| Symbol | Snipp |
Snipp Interactive Price To Book Ratio
Snipp Interactive '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 Snipp Interactive'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 Snipp Interactive.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Snipp Interactive on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Snipp Interactive or generate 0.0% return on investment in Snipp Interactive over 30 days. Snipp Interactive is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Snipp Interactive Inc., a loyalty and promotions company, provides digital marketing promotions, rebates, and loyalty so... More
Snipp Interactive 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 Snipp Interactive'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 Snipp Interactive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.99 | |||
| Information Ratio | 0.0955 | |||
| Maximum Drawdown | 50.98 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 20.0 |
Snipp Interactive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snipp Interactive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Snipp Interactive's standard deviation. In reality, there are many statistical measures that can use Snipp Interactive historical prices to predict the future Snipp Interactive's volatility.| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | 0.9652 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0867 | |||
| Treynor Ratio | 7.3 |
Snipp Interactive Backtested Returns
Snipp Interactive appears to be out of control, given 3 months investment horizon. Snipp Interactive owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0853, which indicates the firm had a 0.0853% return per unit of risk over the last 3 months. By inspecting Snipp Interactive's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Snipp Interactive's Coefficient Of Variation of 915.85, semi deviation of 5.19, and Risk Adjusted Performance of 0.0881 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Snipp Interactive holds a performance score of 6. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Snipp Interactive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Snipp Interactive is expected to be smaller as well. Please check Snipp Interactive's sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Snipp Interactive's existing price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Snipp Interactive has insignificant reverse predictability. Overlapping area represents the amount of predictability between Snipp Interactive time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Snipp Interactive price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Snipp Interactive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Snipp Interactive lagged returns against current returns
Autocorrelation, which is Snipp Interactive 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 Snipp Interactive's stock expected returns. We can calculate the autocorrelation of Snipp Interactive returns to help us make a trade decision. For example, suppose you find that Snipp Interactive 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 |
Snipp Interactive 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 Snipp Interactive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Snipp Interactive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Snipp Interactive stock over time.
Current vs Lagged Prices |
| Timeline |
Snipp Interactive Lagged Returns
When evaluating Snipp Interactive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Snipp Interactive stock have on its future price. Snipp Interactive 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, Snipp Interactive autocorrelation shows the relationship between Snipp Interactive stock current value and its past values and can show if there is a momentum factor associated with investing in Snipp Interactive.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Snipp Stock Analysis
When running Snipp Interactive's price analysis, check to measure Snipp Interactive'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 Snipp Interactive is operating at the current time. Most of Snipp Interactive's value examination focuses on studying past and present price action to predict the probability of Snipp Interactive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snipp Interactive's price. Additionally, you may evaluate how the addition of Snipp Interactive to your portfolios can decrease your overall portfolio volatility.