Source Rock Royalties Stock Market Value
| SRR Stock | 0.88 0.01 1.15% |
| Symbol | Source |
Source Rock Royalties Price To Book Ratio
Source Rock '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 Source Rock'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 Source Rock.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in Source Rock on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding Source Rock Royalties or generate 0.0% return on investment in Source Rock over 90 days. Source Rock is related to or competes with Orca Energy, Hemisphere Energy, Alvopetro Energy, McChip Resources, and Pine Cliff. Statesman Resources Ltd. is engaged in the acquisition and exploration of petroleum and natural gas properties principally in Africa. More
Source Rock 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 Source Rock'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 Source Rock Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 3.0E-4 | |||
| Maximum Drawdown | 7.97 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.41 |
Source Rock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Rock's standard deviation. In reality, there are many statistical measures that can use Source Rock historical prices to predict the future Source Rock's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | 0.6211 |
Source Rock Royalties Backtested Returns
At this stage we consider Source Stock to be very risky. Source Rock Royalties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0546, which indicates the firm had a 0.0546% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Source Rock Royalties, which you can use to evaluate the volatility of the company. Please validate Source Rock's Semi Deviation of 1.22, coefficient of variation of 1549.56, and Risk Adjusted Performance of 0.0521 to confirm if the risk estimate we provide is consistent with the expected return of 0.0845%. Source Rock has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Source Rock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Source Rock is expected to be smaller as well. Source Rock Royalties right now has a risk of 1.55%. Please validate Source Rock downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Source Rock will be following its existing price patterns.
Auto-correlation | 0.45 |
Average predictability
Source Rock Royalties has average predictability. Overlapping area represents the amount of predictability between Source Rock time series from 15th of September 2024 to 30th of October 2024 and 30th of October 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 Source Rock Royalties price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Source Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Source Rock Royalties lagged returns against current returns
Autocorrelation, which is Source Rock 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 Source Rock's stock expected returns. We can calculate the autocorrelation of Source Rock returns to help us make a trade decision. For example, suppose you find that Source Rock 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 |
Source Rock 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 Source Rock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source Rock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source Rock stock over time.
Current vs Lagged Prices |
| Timeline |
Source Rock Lagged Returns
When evaluating Source Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source Rock stock have on its future price. Source Rock 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, Source Rock autocorrelation shows the relationship between Source Rock stock current value and its past values and can show if there is a momentum factor associated with investing in Source Rock Royalties.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Source Stock Analysis
When running Source Rock's price analysis, check to measure Source Rock'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 Source Rock is operating at the current time. Most of Source Rock's value examination focuses on studying past and present price action to predict the probability of Source Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Source Rock's price. Additionally, you may evaluate how the addition of Source Rock to your portfolios can decrease your overall portfolio volatility.