Superior Resources (Australia) Market Value
| SPQ Stock | 0.01 0 16.67% |
| Symbol | Superior |
Superior 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 Superior 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 Superior Resources.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Superior Resources on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Superior Resources or generate 0.0% return on investment in Superior Resources over 90 days. Superior Resources is related to or competes with Commonwealth Bank, Ainsworth Game, Mayfield Childcare, COG Financial, Aurelia Metals, Everest Metals, and Lunnon Metals. More
Superior 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 Superior 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 Superior Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.22 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 41.67 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 16.67 |
Superior Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Superior Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Superior Resources' standard deviation. In reality, there are many statistical measures that can use Superior Resources historical prices to predict the future Superior Resources' volatility.| Risk Adjusted Performance | 0.0732 | |||
| Jensen Alpha | 0.4796 | |||
| Total Risk Alpha | 1.93 | |||
| Sortino Ratio | 0.0537 | |||
| Treynor Ratio | (0.34) |
Superior Resources Backtested Returns
Superior Resources appears to be out of control, given 3 months investment horizon. Superior Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0736, which indicates the firm had a 0.0736 % return per unit of risk over the last 3 months. By inspecting Superior Resources' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Superior Resources' Semi Deviation of 6.89, coefficient of variation of 1359.41, and Risk Adjusted Performance of 0.0732 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Superior Resources holds a performance score of 5. The entity has a beta of -2.09, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Superior Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Superior Resources is expected to outperform it. Please check Superior Resources' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Superior Resources' existing price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Superior Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Superior Resources time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Superior Resources price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Superior Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Superior Resources lagged returns against current returns
Autocorrelation, which is Superior 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 Superior Resources' stock expected returns. We can calculate the autocorrelation of Superior Resources returns to help us make a trade decision. For example, suppose you find that Superior 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 |
Superior 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 Superior Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Superior Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Superior Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Superior Resources Lagged Returns
When evaluating Superior Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Superior Resources stock have on its future price. Superior 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, Superior Resources autocorrelation shows the relationship between Superior Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Superior Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Superior Stock Analysis
When running Superior Resources' price analysis, check to measure Superior 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 Superior Resources is operating at the current time. Most of Superior Resources' value examination focuses on studying past and present price action to predict the probability of Superior Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Resources' price. Additionally, you may evaluate how the addition of Superior Resources to your portfolios can decrease your overall portfolio volatility.