Tombador Iron (Australia) Market Value
| TI1 Stock | 0.35 0.00 0.00% |
| Symbol | Tombador |
Tombador Iron '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 Tombador Iron'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 Tombador Iron.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Tombador Iron on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tombador Iron or generate 0.0% return on investment in Tombador Iron over 690 days. Tombador Iron is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and De Grey. Tombador Iron is entity of Australia. It is traded as Stock on AU exchange. More
Tombador Iron 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 Tombador Iron'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 Tombador Iron upside and downside potential and time the market with a certain degree of confidence.
Tombador Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tombador Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tombador Iron's standard deviation. In reality, there are many statistical measures that can use Tombador Iron historical prices to predict the future Tombador Iron's volatility.Tombador Iron Backtested Returns
We have found three technical indicators for Tombador Iron, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tombador Iron are completely uncorrelated.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Tombador Iron has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Tombador Iron time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Tombador Iron price movement. The serial correlation of -0.79 indicates that around 79.0% of current Tombador Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tombador Iron lagged returns against current returns
Autocorrelation, which is Tombador Iron 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 Tombador Iron's stock expected returns. We can calculate the autocorrelation of Tombador Iron returns to help us make a trade decision. For example, suppose you find that Tombador Iron 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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Tombador Iron 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 Tombador Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tombador Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tombador Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Tombador Iron Lagged Returns
When evaluating Tombador Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tombador Iron stock have on its future price. Tombador Iron 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, Tombador Iron autocorrelation shows the relationship between Tombador Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Tombador Iron.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tombador Stock Analysis
When running Tombador Iron's price analysis, check to measure Tombador Iron'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 Tombador Iron is operating at the current time. Most of Tombador Iron's value examination focuses on studying past and present price action to predict the probability of Tombador Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tombador Iron's price. Additionally, you may evaluate how the addition of Tombador Iron to your portfolios can decrease your overall portfolio volatility.