Sarama Resource Stock Market Value
| SWA Stock | CAD 0.03 0.01 16.67% |
| Symbol | Sarama |
Sarama Resource Price To Book Ratio
Sarama Resource '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 Sarama Resource'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 Sarama Resource.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Sarama Resource on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sarama Resource or generate 0.0% return on investment in Sarama Resource over 30 days. Sarama Resource is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Sarama Resources Ltd, an exploration stage company, engages in the sourcing, exploration, and development of mineral pro... More
Sarama Resource 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 Sarama Resource'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 Sarama Resource upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.89 | |||
| Information Ratio | 0.0717 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 25.0 |
Sarama Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sarama Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sarama Resource's standard deviation. In reality, there are many statistical measures that can use Sarama Resource historical prices to predict the future Sarama Resource's volatility.| Risk Adjusted Performance | 0.0728 | |||
| Jensen Alpha | 0.2161 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | 0.1505 |
Sarama Resource Backtested Returns
Sarama Resource is out of control given 3 months investment horizon. Sarama Resource owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.35% are justified by taking the suggested risk. Use Sarama Resource Risk Adjusted Performance of 0.0728, coefficient of variation of 1203.31, and Semi Deviation of 6.97 to evaluate company specific risk that cannot be diversified away. Sarama Resource holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 5.96, 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, Sarama Resource will likely underperform. Use Sarama Resource value at risk and the relationship between the expected short fall and period momentum indicator , to analyze future returns on Sarama Resource.
Auto-correlation | 0.08 |
Virtually no predictability
Sarama Resource has virtually no predictability. Overlapping area represents the amount of predictability between Sarama Resource time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Sarama Resource price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Sarama Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sarama Resource lagged returns against current returns
Autocorrelation, which is Sarama Resource 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 Sarama Resource's stock expected returns. We can calculate the autocorrelation of Sarama Resource returns to help us make a trade decision. For example, suppose you find that Sarama Resource 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 |
Sarama Resource 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 Sarama Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sarama Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sarama Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Sarama Resource Lagged Returns
When evaluating Sarama Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sarama Resource stock have on its future price. Sarama Resource 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, Sarama Resource autocorrelation shows the relationship between Sarama Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Sarama Resource.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sarama Stock Analysis
When running Sarama Resource's price analysis, check to measure Sarama Resource'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 Sarama Resource is operating at the current time. Most of Sarama Resource's value examination focuses on studying past and present price action to predict the probability of Sarama Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sarama Resource's price. Additionally, you may evaluate how the addition of Sarama Resource to your portfolios can decrease your overall portfolio volatility.