Thesis Gold Stock Market Value
| TAU Stock | CAD 0.62 0.02 3.13% |
| Symbol | Thesis |
Thesis Gold Price To Book Ratio
Thesis Gold '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 Thesis Gold'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 Thesis Gold.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Thesis Gold on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Thesis Gold or generate 0.0% return on investment in Thesis Gold over 30 days. Thesis Gold is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Tintina Resources Inc. engages in the acquisition, exploration, and development of resource properties in the United Sta... More
Thesis Gold 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 Thesis Gold'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 Thesis Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.25 |
Thesis Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thesis Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thesis Gold's standard deviation. In reality, there are many statistical measures that can use Thesis Gold historical prices to predict the future Thesis Gold's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.8477 |
Thesis Gold Backtested Returns
Thesis Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0533, which indicates the firm had a -0.0533% return per unit of risk over the last 3 months. Thesis Gold exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thesis Gold's Variance of 15.62, coefficient of variation of (1,876), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thesis Gold are expected to decrease at a much lower rate. During the bear market, Thesis Gold is likely to outperform the market. At this point, Thesis Gold has a negative expected return of -0.21%. Please make sure to validate Thesis Gold's treynor ratio and the relationship between the skewness and price action indicator , to decide if Thesis Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Thesis Gold has modest predictability. Overlapping area represents the amount of predictability between Thesis Gold time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Thesis Gold price movement. The serial correlation of 0.51 indicates that about 51.0% of current Thesis Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thesis Gold lagged returns against current returns
Autocorrelation, which is Thesis Gold 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 Thesis Gold's stock expected returns. We can calculate the autocorrelation of Thesis Gold returns to help us make a trade decision. For example, suppose you find that Thesis Gold 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 |
Thesis Gold 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 Thesis Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thesis Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thesis Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Thesis Gold Lagged Returns
When evaluating Thesis Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thesis Gold stock have on its future price. Thesis Gold 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, Thesis Gold autocorrelation shows the relationship between Thesis Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Thesis Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thesis Stock Analysis
When running Thesis Gold's price analysis, check to measure Thesis Gold'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 Thesis Gold is operating at the current time. Most of Thesis Gold's value examination focuses on studying past and present price action to predict the probability of Thesis Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thesis Gold's price. Additionally, you may evaluate how the addition of Thesis Gold to your portfolios can decrease your overall portfolio volatility.