Transatlantic Mining Corp Stock Market Value
| TCO Stock | CAD 0.11 0.01 15.79% |
| Symbol | Transatlantic |
Transatlantic 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 Transatlantic 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 Transatlantic Mining.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Transatlantic Mining on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Transatlantic Mining Corp or generate 0.0% return on investment in Transatlantic Mining over 360 days. Transatlantic Mining is related to or competes with Computer Modelling, Canadian Utilities, Data Communications, Osisko Metals, Algonquin Power, and Brookfield Office. Transatlantic Mining Corp. engages in the acquisition and exploration of mineral properties in the United States More
Transatlantic 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 Transatlantic 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 Transatlantic Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.06 | |||
| Information Ratio | 0.112 | |||
| Maximum Drawdown | 59.51 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 26.67 |
Transatlantic Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transatlantic Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transatlantic Mining's standard deviation. In reality, there are many statistical measures that can use Transatlantic Mining historical prices to predict the future Transatlantic Mining's volatility.| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | 1.67 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.105 | |||
| Treynor Ratio | (1.00) |
Transatlantic Mining Corp Backtested Returns
Transatlantic Mining is out of control given 3 months investment horizon. Transatlantic Mining Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0901, which indicates the firm had a 0.0901% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use Transatlantic Mining Corp Coefficient Of Variation of 815.12, semi deviation of 8.08, and Risk Adjusted Performance of 0.1035 to evaluate company specific risk that cannot be diversified away. Transatlantic Mining holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of -1.49, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Transatlantic Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Transatlantic Mining is expected to outperform it. Use Transatlantic Mining Corp downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Transatlantic Mining Corp.
Auto-correlation | 0.25 |
Poor predictability
Transatlantic Mining Corp has poor predictability. Overlapping area represents the amount of predictability between Transatlantic Mining time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Transatlantic Mining Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Transatlantic Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transatlantic Mining Corp lagged returns against current returns
Autocorrelation, which is Transatlantic 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 Transatlantic Mining's stock expected returns. We can calculate the autocorrelation of Transatlantic Mining returns to help us make a trade decision. For example, suppose you find that Transatlantic 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 |
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Transatlantic 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 Transatlantic Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transatlantic Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transatlantic Mining stock over time.
Current vs Lagged Prices |
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Transatlantic Mining Lagged Returns
When evaluating Transatlantic Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transatlantic Mining stock have on its future price. Transatlantic 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, Transatlantic Mining autocorrelation shows the relationship between Transatlantic Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Transatlantic Mining Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Transatlantic Stock Analysis
When running Transatlantic Mining's price analysis, check to measure Transatlantic 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 Transatlantic Mining is operating at the current time. Most of Transatlantic Mining's value examination focuses on studying past and present price action to predict the probability of Transatlantic 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 Transatlantic Mining's price. Additionally, you may evaluate how the addition of Transatlantic Mining to your portfolios can decrease your overall portfolio volatility.