SCOTTIE RESOURCES (Germany) Market Value
| SR8 Stock | 0.10 0.00 0.00% |
| Symbol | SCOTTIE |
SCOTTIE 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 SCOTTIE RESOURCES'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 SCOTTIE RESOURCES.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in SCOTTIE RESOURCES on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding SCOTTIE RESOURCES P or generate 0.0% return on investment in SCOTTIE RESOURCES over 720 days. SCOTTIE RESOURCES is related to or competes with NEW PACIFIC, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. More
SCOTTIE 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 SCOTTIE RESOURCES'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 SCOTTIE RESOURCES P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 118.82 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 11.67 |
SCOTTIE RESOURCES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCOTTIE RESOURCES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCOTTIE RESOURCES's standard deviation. In reality, there are many statistical measures that can use SCOTTIE RESOURCES historical prices to predict the future SCOTTIE RESOURCES's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.28) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | (0.71) |
SCOTTIE RESOURCES Backtested Returns
SCOTTIE RESOURCES owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0867, which indicates the company had a -0.0867% return per unit of standard deviation over the last 3 months. SCOTTIE RESOURCES P exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCOTTIE RESOURCES's Market Risk Adjusted Performance of (0.70), risk adjusted performance of (0.07), and Standard Deviation of 12.13 to confirm the risk estimate we provide. The firm has a beta of 1.73, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SCOTTIE RESOURCES will likely underperform. At this point, SCOTTIE RESOURCES has a negative expected return of -1.08%. Please make sure to validate SCOTTIE RESOURCES's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if SCOTTIE RESOURCES performance from the past will be repeated at future time.
Auto-correlation | 0.52 |
Modest predictability
SCOTTIE RESOURCES P has modest predictability. Overlapping area represents the amount of predictability between SCOTTIE RESOURCES time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 SCOTTIE RESOURCES price movement. The serial correlation of 0.52 indicates that about 52.0% of current SCOTTIE RESOURCES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SCOTTIE RESOURCES lagged returns against current returns
Autocorrelation, which is SCOTTIE 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 SCOTTIE RESOURCES's stock expected returns. We can calculate the autocorrelation of SCOTTIE RESOURCES returns to help us make a trade decision. For example, suppose you find that SCOTTIE 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 |
SCOTTIE 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 SCOTTIE RESOURCES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCOTTIE RESOURCES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCOTTIE RESOURCES stock over time.
Current vs Lagged Prices |
| Timeline |
SCOTTIE RESOURCES Lagged Returns
When evaluating SCOTTIE RESOURCES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCOTTIE RESOURCES stock have on its future price. SCOTTIE 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, SCOTTIE RESOURCES autocorrelation shows the relationship between SCOTTIE RESOURCES stock current value and its past values and can show if there is a momentum factor associated with investing in SCOTTIE RESOURCES P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SCOTTIE Stock
SCOTTIE RESOURCES financial ratios help investors to determine whether SCOTTIE 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 SCOTTIE with respect to the benefits of owning SCOTTIE RESOURCES security.