Strickland Metals (Australia) Market Value
| STK Stock | 0.08 0 1.28% |
| Symbol | Strickland |
Strickland Metals '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 Strickland Metals' 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 Strickland Metals.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Strickland Metals on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Strickland Metals or generate 0.0% return on investment in Strickland Metals over 30 days. Strickland Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, De Grey, and Perseus Mining. Strickland Metals is entity of Australia More
Strickland Metals 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 Strickland Metals' 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 Strickland Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.32 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 6.67 |
Strickland Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strickland Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strickland Metals' standard deviation. In reality, there are many statistical measures that can use Strickland Metals historical prices to predict the future Strickland Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.80) |
Strickland Metals Backtested Returns
Strickland Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0188, which indicates the firm had a -0.0188% return per unit of risk over the last 3 months. Strickland Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Strickland Metals' Variance of 18.06, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,407) to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strickland Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Strickland Metals is expected to be smaller as well. At this point, Strickland Metals has a negative expected return of -0.0796%. Please make sure to validate Strickland Metals' value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Strickland Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Strickland Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between Strickland Metals time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Strickland Metals price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Strickland Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Strickland Metals lagged returns against current returns
Autocorrelation, which is Strickland Metals 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 Strickland Metals' stock expected returns. We can calculate the autocorrelation of Strickland Metals returns to help us make a trade decision. For example, suppose you find that Strickland Metals 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 |
Strickland Metals 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 Strickland Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strickland Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strickland Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Strickland Metals Lagged Returns
When evaluating Strickland Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strickland Metals stock have on its future price. Strickland Metals 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, Strickland Metals autocorrelation shows the relationship between Strickland Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Strickland Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Strickland Stock Analysis
When running Strickland Metals' price analysis, check to measure Strickland Metals' 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 Strickland Metals is operating at the current time. Most of Strickland Metals' value examination focuses on studying past and present price action to predict the probability of Strickland Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strickland Metals' price. Additionally, you may evaluate how the addition of Strickland Metals to your portfolios can decrease your overall portfolio volatility.