St Georges Eco Mining Corp Stock Market Value
| SXOOF Stock | USD 0.03 0 6.06% |
| Symbol | St-Georges |
St-Georges Eco-Mining '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 St-Georges Eco-Mining's otc 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 St-Georges Eco-Mining.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in St-Georges Eco-Mining on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding St Georges Eco Mining Corp or generate 0.0% return on investment in St-Georges Eco-Mining over 30 days. St-Georges Eco-Mining is related to or competes with IGO, and Adriatic Metals. St-Georges Eco-Mining Corp. engages in the exploration and evaluation of mineral properties in Canada and Iceland More
St-Georges Eco-Mining 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 St-Georges Eco-Mining's otc 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 St Georges Eco Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 48.47 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 13.33 |
St-Georges Eco-Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for St-Georges Eco-Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as St-Georges Eco-Mining's standard deviation. In reality, there are many statistical measures that can use St-Georges Eco-Mining historical prices to predict the future St-Georges Eco-Mining's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (1.63) | |||
| Treynor Ratio | 0.2977 |
St-Georges Eco-Mining Backtested Returns
St-Georges Eco-Mining retains Efficiency (Sharpe Ratio) of -0.0555, which indicates the firm had a -0.0555% return per unit of price deviation over the last 3 months. St-Georges Eco-Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate St-Georges Eco-Mining's Standard Deviation of 8.15, mean deviation of 5.89, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.89, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning St-Georges Eco-Mining are expected to decrease slowly. On the other hand, during market turmoil, St-Georges Eco-Mining is expected to outperform it slightly. At this point, St-Georges Eco-Mining has a negative expected return of -0.45%. Please make sure to validate St-Georges Eco-Mining's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if St-Georges Eco-Mining performance from the past will be repeated at future time.
Auto-correlation | -0.16 |
Insignificant reverse predictability
St Georges Eco Mining Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between St-Georges Eco-Mining time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 St-Georges Eco-Mining price movement. The serial correlation of -0.16 indicates that over 16.0% of current St-Georges Eco-Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
St-Georges Eco-Mining lagged returns against current returns
Autocorrelation, which is St-Georges Eco-Mining otc 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 St-Georges Eco-Mining's otc stock expected returns. We can calculate the autocorrelation of St-Georges Eco-Mining returns to help us make a trade decision. For example, suppose you find that St-Georges Eco-Mining has exhibited high autocorrelation historically, and you observe that the otc 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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St-Georges Eco-Mining 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 St-Georges Eco-Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if St-Georges Eco-Mining otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in St-Georges Eco-Mining otc stock over time.
Current vs Lagged Prices |
| Timeline |
St-Georges Eco-Mining Lagged Returns
When evaluating St-Georges Eco-Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of St-Georges Eco-Mining otc stock have on its future price. St-Georges Eco-Mining 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, St-Georges Eco-Mining autocorrelation shows the relationship between St-Georges Eco-Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in St Georges Eco Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in St-Georges OTC Stock
St-Georges Eco-Mining financial ratios help investors to determine whether St-Georges OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in St-Georges with respect to the benefits of owning St-Georges Eco-Mining security.