Tinka Resources Limited Stock Statistic Functions Beta
| TK Stock | CAD 0.1 0.01 5.00% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Tinka Resources correlated with the market. If Beta is less than 0 Tinka Resources generally moves in the opposite direction as compared to the market. If Tinka Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tinka Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tinka Resources is generally in the same direction as the market. If Beta > 1 Tinka Resources moves generally in the same direction as, but more than the movement of the benchmark.
Tinka Resources Technical Analysis Modules
Most technical analysis of Tinka Resources help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tinka from various momentum indicators to cycle indicators. When you analyze Tinka charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Tinka Resources Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tinka Resources Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tinka Resources Limited based on widely used predictive technical indicators. In general, we focus on analyzing Tinka Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tinka Resources's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Tinka Resources's intrinsic value. In addition to deriving basic predictive indicators for Tinka Resources, we also check how macroeconomic factors affect Tinka Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Days Sales Outstanding | 3.6K | 3.2K | PTB Ratio | 0.56 | 0.59 |
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Tinka Resources pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tinka Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tinka Resources will appreciate offsetting losses from the drop in the long position's value.Tinka Resources Pair Trading
Tinka Resources Limited Pair Trading Analysis
The ability to find closely correlated positions to Tinka Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tinka Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tinka Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tinka Resources Limited to buy it.
The correlation of Tinka Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tinka Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tinka Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tinka Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tinka Stock Analysis
When running Tinka Resources' price analysis, check to measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.