Ssr Mining Stock Market Value
| SSRM Stock | USD 5.21 0.13 2.43% |
| Symbol | SSR |
SSR Mining Price To Book Ratio
Is SSR Mining'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 SSR Mining. If investors know SSR 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 SSR Mining 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 0.32 | Dividend Share 0.28 | Earnings Share (0.48) | Revenue Per Share 6.97 | Quarterly Revenue Growth 0.39 |
The market value of SSR Mining is measured differently than its book value, which is the value of SSR that is recorded on the company's balance sheet. Investors also form their own opinion of SSR Mining's value that differs from its market value or its book value, called intrinsic value, which is SSR Mining'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 SSR Mining's market value can be influenced by many factors that don't directly affect SSR Mining'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 SSR Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSR Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSR Mining'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.
SSR Mining '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 SSR Mining'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 SSR Mining.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in SSR Mining on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding SSR Mining or generate 0.0% return on investment in SSR Mining over 30 days. SSR Mining is related to or competes with Outokumpu Oyj, and Usinas Siderurgicas. SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of ... More
SSR Mining 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 SSR Mining'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 SSR Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 58.05 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 5.33 |
SSR Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SSR Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SSR Mining's standard deviation. In reality, there are many statistical measures that can use SSR Mining historical prices to predict the future SSR Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SSR Mining'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.
SSR Mining Backtested Returns
SSR Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0745, which indicates the firm had a -0.0745% return per unit of standard deviation over the last 3 months. SSR Mining exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SSR Mining's risk adjusted performance of (0.04), and Variance of 52.22 to confirm the risk estimate we provide. The entity has a beta of 4.88, 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, SSR Mining will likely underperform. SSR Mining has an expected return of -0.56%. Please make sure to validate SSR Mining treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if SSR Mining performance from the past will be repeated at some future point.
Auto-correlation | 0.35 |
Below average predictability
SSR Mining has below average predictability. Overlapping area represents the amount of predictability between SSR Mining time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 SSR Mining price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current SSR Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SSR Mining lagged returns against current returns
Autocorrelation, which is SSR Mining 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 SSR Mining's stock expected returns. We can calculate the autocorrelation of SSR Mining returns to help us make a trade decision. For example, suppose you find that SSR Mining 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 |
SSR Mining 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 SSR Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SSR Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SSR Mining stock over time.
Current vs Lagged Prices |
| Timeline |
SSR Mining Lagged Returns
When evaluating SSR Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SSR Mining stock have on its future price. SSR Mining 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, SSR Mining autocorrelation shows the relationship between SSR Mining stock current value and its past values and can show if there is a momentum factor associated with investing in SSR Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether SSR Mining is a strong investment it is important to analyze SSR Mining'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 SSR Mining's future performance. For an informed investment choice regarding SSR Stock, refer to the following important reports:Check out SSR Mining Correlation, SSR Mining Volatility and SSR Mining Alpha and Beta module to complement your research on SSR Mining. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for SSR Stock analysis
When running SSR Mining's price analysis, check to measure SSR Mining'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 SSR Mining is operating at the current time. Most of SSR Mining's value examination focuses on studying past and present price action to predict the probability of SSR Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSR Mining's price. Additionally, you may evaluate how the addition of SSR Mining to your portfolios can decrease your overall portfolio volatility.
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SSR Mining 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.