Stelmine Canada Stock Market Value
| STH Stock | CAD 0.02 0.00 0.00% |
| Symbol | Stelmine |
Stelmine Canada Price To Book Ratio
Stelmine Canada '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 Stelmine Canada'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 Stelmine Canada.
| 06/18/2024 |
| 12/15/2024 |
If you would invest 0.00 in Stelmine Canada on June 18, 2024 and sell it all today you would earn a total of 0.00 from holding Stelmine Canada or generate 0.0% return on investment in Stelmine Canada over 180 days. Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining propertie... More
Stelmine Canada 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 Stelmine Canada'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 Stelmine Canada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0579 | |||
| Maximum Drawdown | 100.0 |
Stelmine Canada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stelmine Canada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stelmine Canada's standard deviation. In reality, there are many statistical measures that can use Stelmine Canada historical prices to predict the future Stelmine Canada's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 0.837 | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.5525 |
Stelmine Canada Backtested Returns
Stelmine Canada appears to be out of control, given 3 months investment horizon. Stelmine Canada owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0556, which indicates the firm had a 0.0556% return per unit of risk over the last 3 months. By inspecting Stelmine Canada's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please review Stelmine Canada's Risk Adjusted Performance of 0.0562, variance of 246.83, and Coefficient Of Variation of 1555.36 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Stelmine Canada holds a performance score of 4. The entity has a beta of 1.81, 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, Stelmine Canada will likely underperform. Please check Stelmine Canada's coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to make a quick decision on whether Stelmine Canada's existing price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Stelmine Canada has poor predictability. Overlapping area represents the amount of predictability between Stelmine Canada time series from 18th of June 2024 to 16th of September 2024 and 16th of September 2024 to 15th 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 Stelmine Canada price movement. The serial correlation of 0.25 indicates that over 25.0% of current Stelmine Canada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stelmine Canada lagged returns against current returns
Autocorrelation, which is Stelmine Canada 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 Stelmine Canada's stock expected returns. We can calculate the autocorrelation of Stelmine Canada returns to help us make a trade decision. For example, suppose you find that Stelmine Canada 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 |
Stelmine Canada 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 Stelmine Canada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stelmine Canada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stelmine Canada stock over time.
Current vs Lagged Prices |
| Timeline |
Stelmine Canada Lagged Returns
When evaluating Stelmine Canada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stelmine Canada stock have on its future price. Stelmine Canada 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, Stelmine Canada autocorrelation shows the relationship between Stelmine Canada stock current value and its past values and can show if there is a momentum factor associated with investing in Stelmine Canada.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stelmine Stock Analysis
When running Stelmine Canada's price analysis, check to measure Stelmine Canada'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 Stelmine Canada is operating at the current time. Most of Stelmine Canada's value examination focuses on studying past and present price action to predict the probability of Stelmine Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stelmine Canada's price. Additionally, you may evaluate how the addition of Stelmine Canada to your portfolios can decrease your overall portfolio volatility.