Trilogy Historical Valuation
| TMQ Stock | USD 1.23 0.02 1.65% |
Some fundamental drivers such as market cap or Trilogy Metals enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Trilogy Metals valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Trilogy Metals's future value.
Trilogy |
About Trilogy Valuation Data Analysis
Valuation is the financial process of determining what Trilogy Metals is worth. Trilogy Metals valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Trilogy Metals valuation ratios help investors to determine whether Trilogy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Trilogy with respect to the benefits of owning Trilogy Metals security.
Trilogy Metals Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Trilogy Metals theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Trilogy Metals debt, but would also pocket its cash. Enterprise Value is more accurate representation of Trilogy Metals value than its market capitalization because it takes into account all of Trilogy Metals existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Trilogy Metals
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 Trilogy Metals 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 Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with Trilogy Stock
Moving against Trilogy Stock
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| 0.75 | NMG | Nouveau Monde Graphite | PairCorr |
| 0.73 | ELBM | Electra Battery Materials | PairCorr |
| 0.57 | VALE | Vale SA ADR Sell-off Trend | PairCorr |
| 0.48 | VZLA | Vizsla Resources Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals 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 Trilogy Metals - 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 Trilogy Metals to buy it.
The correlation of Trilogy Metals 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 Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals 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 Trilogy Metals 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 Trilogy Stock Analysis
When running Trilogy Metals' price analysis, check to measure Trilogy Metals' 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 Trilogy Metals is operating at the current time. Most of Trilogy Metals' value examination focuses on studying past and present price action to predict the probability of Trilogy Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trilogy Metals' price. Additionally, you may evaluate how the addition of Trilogy Metals to your portfolios can decrease your overall portfolio volatility.