Sherritt International Stock Market Value

Sherritt International's market value is the price at which a share of Sherritt International trades on a public exchange. It measures the collective expectations of Sherritt International investors about its performance.
With this module, you can estimate the performance of a buy and hold strategy of Sherritt International and determine expected loss or profit from investing in Sherritt International over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Symbol

Please note, there is a significant difference between Sherritt International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sherritt International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sherritt International'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.

Sherritt International '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 Sherritt International's 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 Sherritt International.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Sherritt International on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Sherritt International or generate 0.0% return on investment in Sherritt International over 720 days. Sherritt International is related to or competes with Postmedia Network, Stampede Drilling, InPlay Oil, Highwood Asset, Element Fleet, Pembina Pipeline, and Major Drilling. Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores pr... More

Sherritt International 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 Sherritt International's 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 Sherritt International upside and downside potential and time the market with a certain degree of confidence.

Sherritt International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sherritt International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sherritt International's standard deviation. In reality, there are many statistical measures that can use Sherritt International historical prices to predict the future Sherritt International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sherritt International'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.
Hype
Prediction
LowEstimatedHigh
0.010.282.87
Details
Intrinsic
Valuation
LowRealHigh
0.010.252.84
Details
Naive
Forecast
LowNextHigh
0.010.262.86
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.270.290.31
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sherritt International. Your research has to be compared to or analyzed against Sherritt International's peers to derive any actionable benefits. When done correctly, Sherritt International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sherritt International.

Sherritt International Backtested Returns

Sherritt International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0294, which indicates the firm had a -0.0294% return per unit of risk over the last 3 months. Sherritt International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sherritt International's Coefficient Of Variation of (3,398), variance of 6.73, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.0898, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sherritt International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sherritt International is expected to be smaller as well. Sherritt International has an expected return of -0.0763%. Please make sure to validate Sherritt International treynor ratio, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Sherritt International performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.10  

Insignificant predictability

Sherritt International has insignificant predictability. Overlapping area represents the amount of predictability between Sherritt International time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Sherritt International price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Sherritt International price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.01

Sherritt International lagged returns against current returns

Autocorrelation, which is Sherritt International 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 Sherritt International's stock expected returns. We can calculate the autocorrelation of Sherritt International returns to help us make a trade decision. For example, suppose you find that Sherritt International 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  

Sherritt International 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 Sherritt International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sherritt International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sherritt International stock over time.
   Current vs Lagged Prices   
       Timeline  

Sherritt International Lagged Returns

When evaluating Sherritt International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sherritt International stock have on its future price. Sherritt International 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, Sherritt International autocorrelation shows the relationship between Sherritt International stock current value and its past values and can show if there is a momentum factor associated with investing in Sherritt International.
   Regressed Prices   
       Timeline  

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 Sherritt International 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, Sherritt International's short interest history, or implied volatility extrapolated from Sherritt International options trading.

Currently Active Assets on Macroaxis

Check out Sherritt International Correlation, Sherritt International Volatility and Sherritt International Alpha and Beta module to complement your research on Sherritt International.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Sherritt Stock analysis

When running Sherritt International's price analysis, check to measure Sherritt International'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 Sherritt International is operating at the current time. Most of Sherritt International's value examination focuses on studying past and present price action to predict the probability of Sherritt International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sherritt International's price. Additionally, you may evaluate how the addition of Sherritt International to your portfolios can decrease your overall portfolio volatility.
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Sherritt International technical 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, stock market cycles, or different charting patterns.
A focus of Sherritt International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sherritt International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...