Surge Copper Corp Stock Market Value
| SURG Stock | CAD 0.10 0.01 9.09% |
| Symbol | Surge |
Surge Copper Corp Price To Book Ratio
Surge Copper '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 Surge Copper'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 Surge Copper.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Surge Copper on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Surge Copper Corp or generate 0.0% return on investment in Surge Copper over 90 days. Surge Copper is related to or competes with Kutcho Copper, and Inventus Mining. Surge Copper Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Surge Copper 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 Surge Copper'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 Surge Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.16 | |||
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 40.4 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Surge Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surge Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surge Copper's standard deviation. In reality, there are many statistical measures that can use Surge Copper historical prices to predict the future Surge Copper's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.4061 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | 0.1461 |
Surge Copper Corp Backtested Returns
Surge Copper appears to be out of control, given 3 months investment horizon. Surge Copper Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0334, which indicates the firm had a 0.0334 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Surge Copper Corp, which you can use to evaluate the volatility of the company. Please review Surge Copper's Risk Adjusted Performance of 0.0389, coefficient of variation of 2888.79, and Semi Deviation of 5.26 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Surge Copper holds a performance score of 2. The entity has a beta of 1.59, 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, Surge Copper will likely underperform. Please check Surge Copper's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Surge Copper's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Surge Copper Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Surge Copper time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Surge Copper Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Surge Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Surge Copper Corp lagged returns against current returns
Autocorrelation, which is Surge Copper 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 Surge Copper's stock expected returns. We can calculate the autocorrelation of Surge Copper returns to help us make a trade decision. For example, suppose you find that Surge Copper 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 |
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Surge Copper 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 Surge Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surge Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surge Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Surge Copper Lagged Returns
When evaluating Surge Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surge Copper stock have on its future price. Surge Copper 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, Surge Copper autocorrelation shows the relationship between Surge Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Surge Copper Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Surge Stock Analysis
When running Surge Copper's price analysis, check to measure Surge Copper'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 Surge Copper is operating at the current time. Most of Surge Copper's value examination focuses on studying past and present price action to predict the probability of Surge Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Copper's price. Additionally, you may evaluate how the addition of Surge Copper to your portfolios can decrease your overall portfolio volatility.