SSR Historical Valuation
| SSRM Stock | CAD 14.60 0.44 2.93% |
Some fundamental drivers such as market cap or SSR Mining enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze SSR Mining valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of SSR Mining's future value.
SSR |
About SSR Valuation Data Analysis
Valuation is the financial process of determining what SSR Mining is worth. SSR Mining valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. SSR Mining valuation ratios help investors to determine whether SSR 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 SSR with respect to the benefits of owning SSR Mining security.
SSR Mining Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as SSR Mining theoretical takeover price. In the event of an acquisition, an acquirer would have to take on SSR Mining debt, but would also pocket its cash. Enterprise Value is more accurate representation of SSR Mining value than its market capitalization because it takes into account all of SSR Mining existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with SSR Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SSR Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SSR Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with SSR Stock
Moving against SSR Stock
| 0.82 | IE | Ivanhoe Energy | PairCorr |
| 0.65 | INFM | Infinico Metals Corp | PairCorr |
| 0.64 | MFC | Manulife Financial Corp | PairCorr |
| 0.44 | FDY | Faraday Copper Corp | PairCorr |
| 0.44 | TD-PFI | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to SSR Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSR Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SSR Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SSR Mining to buy it.
The correlation of SSR Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SSR Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSR Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SSR Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.