Spanish Mountain Gold Stock Market Value
| SPA Stock | CAD 0.16 0.01 5.88% |
| Symbol | Spanish |
Spanish Mountain Gold Price To Book Ratio
Spanish Mountain '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 Spanish Mountain'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 Spanish Mountain.
| 09/04/2024 |
| 10/04/2024 |
If you would invest 0.00 in Spanish Mountain on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Spanish Mountain Gold or generate 0.0% return on investment in Spanish Mountain over 30 days. Spanish Mountain is related to or competes with Kootenay Silver, and Monument Mining. Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and developm... More
Spanish Mountain 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 Spanish Mountain'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 Spanish Mountain Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.51 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.25 |
Spanish Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spanish Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spanish Mountain's standard deviation. In reality, there are many statistical measures that can use Spanish Mountain historical prices to predict the future Spanish Mountain's volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0125 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spanish Mountain'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.
Spanish Mountain Gold Backtested Returns
Spanish Mountain Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0279, which indicates the firm had a -0.0279% return per unit of risk over the last 3 months. Spanish Mountain Gold exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spanish Mountain's Coefficient Of Variation of 703357.19, risk adjusted performance of 0.0083, and Semi Deviation of 3.22 to confirm the risk estimate we provide. The entity has a beta of -0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Spanish Mountain are expected to decrease at a much lower rate. During the bear market, Spanish Mountain is likely to outperform the market. At this point, Spanish Mountain Gold has a negative expected return of -0.11%. Please make sure to validate Spanish Mountain's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if Spanish Mountain Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Spanish Mountain Gold has poor reverse predictability. Overlapping area represents the amount of predictability between Spanish Mountain time series from 4th of September 2024 to 19th of September 2024 and 19th of September 2024 to 4th of October 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 Spanish Mountain Gold price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Spanish Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spanish Mountain Gold lagged returns against current returns
Autocorrelation, which is Spanish Mountain 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 Spanish Mountain's stock expected returns. We can calculate the autocorrelation of Spanish Mountain returns to help us make a trade decision. For example, suppose you find that Spanish Mountain 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 |
Spanish Mountain 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 Spanish Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spanish Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spanish Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Spanish Mountain Lagged Returns
When evaluating Spanish Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spanish Mountain stock have on its future price. Spanish Mountain 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, Spanish Mountain autocorrelation shows the relationship between Spanish Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Spanish Mountain Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Spanish Stock Analysis
When running Spanish Mountain's price analysis, check to measure Spanish Mountain'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 Spanish Mountain is operating at the current time. Most of Spanish Mountain's value examination focuses on studying past and present price action to predict the probability of Spanish Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spanish Mountain's price. Additionally, you may evaluate how the addition of Spanish Mountain to your portfolios can decrease your overall portfolio volatility.