Trutankless Stock Market Value
| TKLS Stock | USD 0.30 0.00 0.00% |
| Symbol | Trutankless |
Trutankless '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 Trutankless' 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 Trutankless.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Trutankless on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Trutankless or generate 0.0% return on investment in Trutankless over 480 days. Trutankless is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and CARPENTER. Trutankless, Inc., through its subsidiary, Bollente, Inc., researches and develops, manufactures, and distributes electr... More
Trutankless 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 Trutankless' 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 Trutankless upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1341 | |||
| Maximum Drawdown | 318.65 | |||
| Value At Risk | (47.37) | |||
| Potential Upside | 42.86 |
Trutankless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trutankless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trutankless' standard deviation. In reality, there are many statistical measures that can use Trutankless historical prices to predict the future Trutankless' volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 6.56 | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | 3.47 |
Trutankless Backtested Returns
Trutankless is out of control given 3 months investment horizon. Trutankless owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We were able to break down and interpolate nineteen different technical indicators, which can help you to evaluate if expected returns of 7.0% are justified by taking the suggested risk. Use Trutankless Coefficient Of Variation of 732.29, risk adjusted performance of 0.1085, and Variance of 2471.38 to evaluate company specific risk that cannot be diversified away. Trutankless holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 1.95, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Trutankless will likely underperform. Use Trutankless market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to analyze future returns on Trutankless.
Auto-correlation | 0.31 |
Below average predictability
Trutankless has below average predictability. Overlapping area represents the amount of predictability between Trutankless time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Trutankless price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Trutankless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Trutankless lagged returns against current returns
Autocorrelation, which is Trutankless 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 Trutankless' pink sheet expected returns. We can calculate the autocorrelation of Trutankless returns to help us make a trade decision. For example, suppose you find that Trutankless 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 |
Trutankless 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 Trutankless pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trutankless pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trutankless pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Trutankless Lagged Returns
When evaluating Trutankless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trutankless pink sheet have on its future price. Trutankless 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, Trutankless autocorrelation shows the relationship between Trutankless pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trutankless.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Trutankless Pink Sheet Analysis
When running Trutankless' price analysis, check to measure Trutankless' 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 Trutankless is operating at the current time. Most of Trutankless' value examination focuses on studying past and present price action to predict the probability of Trutankless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trutankless' price. Additionally, you may evaluate how the addition of Trutankless to your portfolios can decrease your overall portfolio volatility.