Syrah Resources (Australia) Market Value
| SYR Stock | 0.22 0.01 4.76% |
| Symbol | Syrah |
Syrah Resources '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 Syrah Resources' 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 Syrah Resources.
| 11/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Syrah Resources on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Syrah Resources or generate 0.0% return on investment in Syrah Resources over 60 days. Syrah Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, De Grey, Aneka Tambang, Sandfire Resources, and Perseus Mining. Syrah Resources is entity of Australia. It is traded as Stock on AU exchange. More
Syrah Resources 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 Syrah Resources' 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 Syrah Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 60.4 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 11.11 |
Syrah Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syrah Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syrah Resources' standard deviation. In reality, there are many statistical measures that can use Syrah Resources historical prices to predict the future Syrah Resources' volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 3.13 |
Syrah Resources Backtested Returns
Syrah Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0327, which indicates the firm had a -0.0327% return per unit of risk over the last 3 months. Syrah Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Syrah Resources' Risk Adjusted Performance of 0.0026, variance of 53.72, and Coefficient Of Variation of (12,814) to confirm the risk estimate we provide. The entity has a beta of -0.0215, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Syrah Resources are expected to decrease at a much lower rate. During the bear market, Syrah Resources is likely to outperform the market. At this point, Syrah Resources has a negative expected return of -0.2%. Please make sure to validate Syrah Resources' potential upside, daily balance of power, price action indicator, as well as the relationship between the kurtosis and day median price , to decide if Syrah Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Syrah Resources has modest predictability. Overlapping area represents the amount of predictability between Syrah Resources time series from 8th of November 2024 to 8th of December 2024 and 8th of December 2024 to 7th of January 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 Syrah Resources price movement. The serial correlation of 0.52 indicates that about 52.0% of current Syrah Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Syrah Resources lagged returns against current returns
Autocorrelation, which is Syrah Resources 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 Syrah Resources' stock expected returns. We can calculate the autocorrelation of Syrah Resources returns to help us make a trade decision. For example, suppose you find that Syrah Resources 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 |
Syrah Resources 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 Syrah Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syrah Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syrah Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Syrah Resources Lagged Returns
When evaluating Syrah Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syrah Resources stock have on its future price. Syrah Resources 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, Syrah Resources autocorrelation shows the relationship between Syrah Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Syrah Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Syrah Stock Analysis
When running Syrah Resources' price analysis, check to measure Syrah Resources' 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 Syrah Resources is operating at the current time. Most of Syrah Resources' value examination focuses on studying past and present price action to predict the probability of Syrah Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syrah Resources' price. Additionally, you may evaluate how the addition of Syrah Resources to your portfolios can decrease your overall portfolio volatility.