Summa Silver Corp Stock Market Value
| SSVR Stock | CAD 0.27 0.01 3.57% |
| Symbol | Summa |
Summa Silver Corp Price To Book Ratio
Summa Silver '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 Summa Silver'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 Summa Silver.
| 06/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in Summa Silver on June 23, 2024 and sell it all today you would earn a total of 0.00 from holding Summa Silver Corp or generate 0.0% return on investment in Summa Silver over 180 days. Summa Silver is related to or competes with Strikepoint Gold, Eskay Mining, and Stillwater Critical. Summa Silver Corp. engages in the gold and silver exploration business More
Summa Silver 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 Summa Silver'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 Summa Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.43 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 7.41 |
Summa Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summa Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summa Silver's standard deviation. In reality, there are many statistical measures that can use Summa Silver historical prices to predict the future Summa Silver's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.66) |
Summa Silver Corp Backtested Returns
Summa Silver Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Summa Silver Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summa Silver's Risk Adjusted Performance of (0.09), variance of 17.79, and Coefficient Of Variation of (775.34) to confirm the risk estimate we provide. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Summa Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding Summa Silver is expected to be smaller as well. At this point, Summa Silver Corp has a negative expected return of -0.65%. Please make sure to validate Summa Silver's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Summa Silver Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Summa Silver Corp has good predictability. Overlapping area represents the amount of predictability between Summa Silver time series from 23rd of June 2024 to 21st of September 2024 and 21st of September 2024 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 Summa Silver Corp price movement. The serial correlation of 0.68 indicates that around 68.0% of current Summa Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Summa Silver Corp lagged returns against current returns
Autocorrelation, which is Summa Silver 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 Summa Silver's stock expected returns. We can calculate the autocorrelation of Summa Silver returns to help us make a trade decision. For example, suppose you find that Summa Silver 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 |
Summa Silver 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 Summa Silver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summa Silver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summa Silver stock over time.
Current vs Lagged Prices |
| Timeline |
Summa Silver Lagged Returns
When evaluating Summa Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summa Silver stock have on its future price. Summa Silver 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, Summa Silver autocorrelation shows the relationship between Summa Silver stock current value and its past values and can show if there is a momentum factor associated with investing in Summa Silver Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Summa Stock Analysis
When running Summa Silver's price analysis, check to measure Summa Silver'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 Summa Silver is operating at the current time. Most of Summa Silver's value examination focuses on studying past and present price action to predict the probability of Summa Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summa Silver's price. Additionally, you may evaluate how the addition of Summa Silver to your portfolios can decrease your overall portfolio volatility.