Sandstorm Gold Ltd Stock Statistic Functions Beta

SSL Stock  CAD 8.12  0.08  0.98%   
Sandstorm Gold statistic functions tool provides the execution environment for running the Beta function and other technical functions against Sandstorm Gold. Sandstorm Gold value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Sandstorm Gold statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Sandstorm Gold correlated with the market. If Beta is less than 0 Sandstorm Gold generally moves in the opposite direction as compared to the market. If Sandstorm Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Sandstorm Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Sandstorm Gold is generally in the same direction as the market. If Beta > 1 Sandstorm Gold moves generally in the same direction as, but more than the movement of the benchmark.

Sandstorm Gold Technical Analysis Modules

Most technical analysis of Sandstorm Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sandstorm from various momentum indicators to cycle indicators. When you analyze Sandstorm charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Sandstorm Gold Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sandstorm Gold Ltd. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sandstorm Gold Ltd based on widely used predictive technical indicators. In general, we focus on analyzing Sandstorm Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sandstorm Gold's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Sandstorm Gold's intrinsic value. In addition to deriving basic predictive indicators for Sandstorm Gold, we also check how macroeconomic factors affect Sandstorm Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.01190.0138
Price To Sales Ratio8.3315.77
Hype
Prediction
LowEstimatedHigh
5.908.1210.34
Details
Intrinsic
Valuation
LowRealHigh
5.918.1310.35
Details
Naive
Forecast
LowNextHigh
6.688.9011.12
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.020.030.03
Details

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sandstorm Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sandstorm Gold's short interest history, or implied volatility extrapolated from Sandstorm Gold options trading.

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When determining whether Sandstorm Gold is a strong investment it is important to analyze Sandstorm Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sandstorm Gold's future performance. For an informed investment choice regarding Sandstorm Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Please note, there is a significant difference between Sandstorm Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandstorm Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandstorm Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.