Touchstone Exploration Stock Market Value
| PBEGF Stock | USD 0.39 0.02 5.41% |
| Symbol | Touchstone |
Touchstone Exploration '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 Touchstone Exploration's pink sheet 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 Touchstone Exploration.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Touchstone Exploration on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Exploration or generate 0.0% return on investment in Touchstone Exploration over 30 days. Touchstone Exploration is related to or competes with Altura Energy, Canacol Energy, Parex Resources, International Petroleum, and NuVista Energy. Touchstone Exploration Inc., an upstream oil and gas company, engages in the exploration, development, production, and s... More
Touchstone Exploration 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 Touchstone Exploration's pink sheet 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 Touchstone Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.45 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.41 |
Touchstone Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Exploration's standard deviation. In reality, there are many statistical measures that can use Touchstone Exploration historical prices to predict the future Touchstone Exploration's volatility.| Risk Adjusted Performance | 0.0033 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.6533 |
Touchstone Exploration Backtested Returns
Touchstone Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0171, which indicates the firm had a -0.0171% return per unit of risk over the last 3 months. Touchstone Exploration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Exploration's Risk Adjusted Performance of 0.0033, coefficient of variation of (17,247), and Variance of 11.35 to confirm the risk estimate we provide. The entity has a beta of -0.0452, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Touchstone Exploration are expected to decrease at a much lower rate. During the bear market, Touchstone Exploration is likely to outperform the market. At this point, Touchstone Exploration has a negative expected return of -0.0583%. Please make sure to validate Touchstone Exploration's kurtosis and the relationship between the rate of daily change and relative strength index , to decide if Touchstone Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Touchstone Exploration has excellent reverse predictability. Overlapping area represents the amount of predictability between Touchstone Exploration time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Touchstone Exploration price movement. The serial correlation of -0.82 indicates that around 82.0% of current Touchstone Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Touchstone Exploration lagged returns against current returns
Autocorrelation, which is Touchstone Exploration pink sheet'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 Touchstone Exploration's pink sheet expected returns. We can calculate the autocorrelation of Touchstone Exploration returns to help us make a trade decision. For example, suppose you find that Touchstone Exploration has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Touchstone Exploration 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 Touchstone Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone Exploration pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Exploration Lagged Returns
When evaluating Touchstone Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Exploration pink sheet have on its future price. Touchstone Exploration 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, Touchstone Exploration autocorrelation shows the relationship between Touchstone Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Exploration.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Touchstone Pink Sheet
Touchstone Exploration financial ratios help investors to determine whether Touchstone Pink Sheet 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 Touchstone with respect to the benefits of owning Touchstone Exploration security.