Sage Potash Corp Stock Market Value
| SAGE Stock | 0.21 0.02 8.70% |
| Symbol | Sage |
Sage Potash '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 Sage Potash'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 Sage Potash.
| 03/22/2023 |
| 09/12/2024 |
If you would invest 0.00 in Sage Potash on March 22, 2023 and sell it all today you would earn a total of 0.00 from holding Sage Potash Corp or generate 0.0% return on investment in Sage Potash over 540 days. Sage Potash is related to or competes with Orbit Garant, Data Communications, Pembina Pipeline, Leons Furniture, Primaris Retail, Verizon Communications, and Major Drilling. Sage Potash is entity of Canada. It is traded as Stock on V exchange. More
Sage Potash 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 Sage Potash'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 Sage Potash Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 77.08 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 15.38 |
Sage Potash Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sage Potash's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sage Potash's standard deviation. In reality, there are many statistical measures that can use Sage Potash historical prices to predict the future Sage Potash's volatility.| Risk Adjusted Performance | 0.0041 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | 0.1451 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sage Potash'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.
Sage Potash Corp Backtested Returns
Sage Potash appears to be out of control, given 3 months investment horizon. Sage Potash Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.032, which indicates the firm had a 0.032% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sage Potash Corp, which you can use to evaluate the volatility of the company. Please review Sage Potash's Risk Adjusted Performance of 0.0041, coefficient of variation of (15,266), and Variance of 109.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sage Potash holds a performance score of 2. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sage Potash are expected to decrease at a much lower rate. During the bear market, Sage Potash is likely to outperform the market. Please check Sage Potash's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to make a quick decision on whether Sage Potash's existing price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Sage Potash Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Sage Potash time series from 22nd of March 2023 to 17th of December 2023 and 17th of December 2023 to 12th of September 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 Sage Potash Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Sage Potash price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sage Potash Corp lagged returns against current returns
Autocorrelation, which is Sage Potash 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 Sage Potash's stock expected returns. We can calculate the autocorrelation of Sage Potash returns to help us make a trade decision. For example, suppose you find that Sage Potash 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 |
Sage Potash 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 Sage Potash stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sage Potash stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sage Potash stock over time.
Current vs Lagged Prices |
| Timeline |
Sage Potash Lagged Returns
When evaluating Sage Potash's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sage Potash stock have on its future price. Sage Potash 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, Sage Potash autocorrelation shows the relationship between Sage Potash stock current value and its past values and can show if there is a momentum factor associated with investing in Sage Potash Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Sage Stock Analysis
When running Sage Potash's price analysis, check to measure Sage Potash'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 Sage Potash is operating at the current time. Most of Sage Potash's value examination focuses on studying past and present price action to predict the probability of Sage Potash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sage Potash's price. Additionally, you may evaluate how the addition of Sage Potash to your portfolios can decrease your overall portfolio volatility.