Summa Silver Corp Stock Market Value
| SSVRF Stock | USD 0.32 0.02 6.67% |
| Symbol | Summa |
Summa Silver '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 Summa Silver'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 Summa Silver.
| 02/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Summa Silver on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Summa Silver Corp or generate 0.0% return on investment in Summa Silver over 90 days. Summa Silver is related to or competes with Arras Minerals, and Gold79 Mines. Summa Silver Corp., a silver and gold development company, engages in acquiring, exploring, and evaluating natural resou... More
Summa Silver 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 Summa Silver'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 Summa Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.0814 | |||
| Maximum Drawdown | 25.42 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.14 |
Summa Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summa Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summa Silver's standard deviation. In reality, there are many statistical measures that can use Summa Silver historical prices to predict the future Summa Silver's volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.5958 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0802 | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summa Silver'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.
Summa Silver Corp Backtested Returns
Summa Silver appears to be out of control, given 3 months investment horizon. Summa Silver Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Summa Silver's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Summa Silver's Risk Adjusted Performance of 0.069, semi deviation of 3.01, and Coefficient Of Variation of 971.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Summa Silver holds a performance score of 8. The entity has a beta of -1.44, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Summa Silver are expected to decrease by larger amounts. On the other hand, during market turmoil, Summa Silver is expected to outperform it. Please check Summa Silver's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Summa Silver's existing price patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Summa Silver Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Summa Silver time series from 17th of February 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of May 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 Summa Silver Corp price movement. The serial correlation of -0.82 indicates that around 82.0% of current Summa Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Summa Silver Corp lagged returns against current returns
Autocorrelation, which is Summa Silver 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 Summa Silver's otc stock expected returns. We can calculate the autocorrelation of Summa Silver returns to help us make a trade decision. For example, suppose you find that Summa Silver 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 |
Summa Silver 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 Summa Silver otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summa Silver otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summa Silver otc stock over time.
Current vs Lagged Prices |
| Timeline |
Summa Silver Lagged Returns
When evaluating Summa Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summa Silver otc stock have on its future price. Summa Silver 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, Summa Silver autocorrelation shows the relationship between Summa Silver otc stock current value and its past values and can show if there is a momentum factor associated with investing in Summa Silver Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Summa Silver Correlation, Summa Silver Volatility and Summa Silver Alpha and Beta module to complement your research on Summa Silver. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Summa OTC Stock analysis
When running Summa Silver's price analysis, check to measure Summa Silver's 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 Summa Silver is operating at the current time. Most of Summa Silver's value examination focuses on studying past and present price action to predict the probability of Summa Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summa Silver's price. Additionally, you may evaluate how the addition of Summa Silver to your portfolios can decrease your overall portfolio volatility.
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Summa Silver technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.