Sayona Mining Limited Stock Market Value
| SYAXF Stock | USD 0.02 0.0003 1.50% |
| Symbol | Sayona |
Sayona 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 Sayona 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 Sayona Mining.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Sayona Mining on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Sayona Mining Limited or generate 0.0% return on investment in Sayona Mining over 720 days. Sayona Mining is related to or competes with ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Sayona Mining Limited, together with its subsidiaries, engages in mineral identification, acquisition, exploration, and ... More
Sayona 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 Sayona 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 Sayona Mining Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.96 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 39.17 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 15.79 |
Sayona Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sayona Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sayona Mining's standard deviation. In reality, there are many statistical measures that can use Sayona Mining historical prices to predict the future Sayona Mining's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | 0.5712 | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sayona Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sayona Mining Limited Backtested Returns
Sayona Mining appears to be out of control, given 3 months investment horizon. Sayona Mining Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0857, which indicates the firm had a 0.0857% return per unit of risk over the last 3 months. By inspecting Sayona Mining's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Sayona Mining's Coefficient Of Variation of 1624.04, semi deviation of 7.17, and Risk Adjusted Performance of 0.0561 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sayona Mining holds a performance score of 6. The entity has a beta of -0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sayona Mining are expected to decrease at a much lower rate. During the bear market, Sayona Mining is likely to outperform the market. Please check Sayona Mining's expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Sayona Mining's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Sayona Mining Limited has modest predictability. Overlapping area represents the amount of predictability between Sayona Mining time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Sayona Mining Limited price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Sayona Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sayona Mining Limited lagged returns against current returns
Autocorrelation, which is Sayona 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 Sayona Mining's otc stock expected returns. We can calculate the autocorrelation of Sayona Mining returns to help us make a trade decision. For example, suppose you find that Sayona 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 |
| Timeline |
Sayona 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 Sayona Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sayona 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 Sayona Mining otc stock over time.
Current vs Lagged Prices |
| Timeline |
Sayona Mining Lagged Returns
When evaluating Sayona Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sayona Mining otc stock have on its future price. Sayona 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, Sayona Mining autocorrelation shows the relationship between Sayona Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in Sayona Mining Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sayona OTC Stock
Sayona Mining financial ratios help investors to determine whether Sayona 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 Sayona with respect to the benefits of owning Sayona Mining security.