Tinka Resources Limited Stock Market Value
| TK Stock | CAD 0.1 0.01 5.00% |
| Symbol | Tinka |
Tinka Resources Price To Book Ratio
Tinka Resources '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 Tinka Resources' 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 Tinka Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Tinka Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Tinka Resources Limited or generate 0.0% return on investment in Tinka Resources over 30 days. Tinka Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Tinka Resources Limited, a junior mineral exploration company, engages in the acquisition and exploration of base and pr... More
Tinka Resources 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 Tinka Resources' 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 Tinka Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Tinka Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tinka Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tinka Resources' standard deviation. In reality, there are many statistical measures that can use Tinka Resources historical prices to predict the future Tinka Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | 0.7538 |
Tinka Resources Backtested Returns
Tinka Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0733, which indicates the firm had a -0.0733% return per unit of risk over the last 3 months. Tinka Resources Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tinka Resources' Variance of 19.25, coefficient of variation of (1,698), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tinka Resources are expected to decrease at a much lower rate. During the bear market, Tinka Resources is likely to outperform the market. At this point, Tinka Resources has a negative expected return of -0.3%. Please make sure to validate Tinka Resources' skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Tinka Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Tinka Resources Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Tinka Resources 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 Tinka Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tinka Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tinka Resources lagged returns against current returns
Autocorrelation, which is Tinka Resources 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 Tinka Resources' stock expected returns. We can calculate the autocorrelation of Tinka Resources returns to help us make a trade decision. For example, suppose you find that Tinka Resources 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 |
Tinka Resources 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 Tinka Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tinka Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tinka Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Tinka Resources Lagged Returns
When evaluating Tinka Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tinka Resources stock have on its future price. Tinka Resources 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, Tinka Resources autocorrelation shows the relationship between Tinka Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Tinka Resources Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tinka Stock Analysis
When running Tinka Resources' price analysis, check to measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.