Sandstorm Gold Ltd Stock Market Value
| SAND Stock | USD 5.37 0.01 0.19% |
| Symbol | Sandstorm |
Sandstorm Gold Price To Book Ratio
Is Sandstorm Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sandstorm Gold. If investors know Sandstorm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sandstorm Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.97) | Dividend Share 0.061 | Earnings Share 0.14 | Revenue Per Share 0.604 | Quarterly Revenue Growth 0.157 |
The market value of Sandstorm Gold is measured differently than its book value, which is the value of Sandstorm that is recorded on the company's balance sheet. Investors also form their own opinion of Sandstorm Gold's value that differs from its market value or its book value, called intrinsic value, which is Sandstorm Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sandstorm Gold's market value can be influenced by many factors that don't directly affect Sandstorm Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
Sandstorm Gold '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 Sandstorm Gold'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 Sandstorm Gold.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Sandstorm Gold on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Sandstorm Gold Ltd or generate 0.0% return on investment in Sandstorm Gold over 180 days. Sandstorm Gold is related to or competes with Royal Gold, and SSR Mining. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanc... More
Sandstorm Gold 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 Sandstorm Gold'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 Sandstorm Gold Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0457 | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 4.0 |
Sandstorm Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sandstorm Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sandstorm Gold's standard deviation. In reality, there are many statistical measures that can use Sandstorm Gold historical prices to predict the future Sandstorm Gold's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.0492 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0466 | |||
| Treynor Ratio | 0.1127 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sandstorm Gold'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.
Sandstorm Gold Backtested Returns
Sandstorm Gold appears to be slightly risky, given 3 months investment horizon. Sandstorm Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0913, which indicates the firm had a 0.0913% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sandstorm Gold Ltd, which you can use to evaluate the volatility of the company. Please review Sandstorm Gold's Semi Deviation of 2.33, coefficient of variation of 1209.09, and Risk Adjusted Performance of 0.0592 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sandstorm Gold holds a performance score of 7. The entity has a beta of 1.8, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sandstorm Gold will likely underperform. Please check Sandstorm Gold's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Sandstorm Gold's existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Sandstorm Gold Ltd has weak predictability. Overlapping area represents the amount of predictability between Sandstorm Gold time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th of April 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 Sandstorm Gold price movement. The serial correlation of 0.22 indicates that over 22.0% of current Sandstorm Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Sandstorm Gold lagged returns against current returns
Autocorrelation, which is Sandstorm Gold 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 Sandstorm Gold's stock expected returns. We can calculate the autocorrelation of Sandstorm Gold returns to help us make a trade decision. For example, suppose you find that Sandstorm Gold 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 |
Sandstorm Gold 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 Sandstorm Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sandstorm Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sandstorm Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Sandstorm Gold Lagged Returns
When evaluating Sandstorm Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sandstorm Gold stock have on its future price. Sandstorm Gold 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, Sandstorm Gold autocorrelation shows the relationship between Sandstorm Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Sandstorm Gold Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 Sandstorm Gold Correlation, Sandstorm Gold Volatility and Sandstorm Gold Alpha and Beta module to complement your research on Sandstorm Gold. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Sandstorm Stock analysis
When running Sandstorm Gold's price analysis, check to measure Sandstorm Gold'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 Sandstorm Gold is operating at the current time. Most of Sandstorm Gold's value examination focuses on studying past and present price action to predict the probability of Sandstorm Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandstorm Gold's price. Additionally, you may evaluate how the addition of Sandstorm Gold to your portfolios can decrease your overall portfolio volatility.
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Sandstorm Gold 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.