Troilus Gold Corp Stock Market Value
| TLG Stock | CAD 0.32 0.01 3.03% |
| Symbol | Troilus |
Troilus Gold Corp Price To Book Ratio
Troilus 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 Troilus 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 Troilus Gold.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Troilus Gold on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Troilus Gold Corp or generate 0.0% return on investment in Troilus Gold over 180 days. Troilus Gold is related to or competes with O3 Mining, Integra Resources, Liberty Gold, and Ascot Resources. Troilus Gold Corp., a development-stage mineral exploration company, explores for and develops mineral properties in Can... More
Troilus 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 Troilus 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 Troilus Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.95 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 3.85 |
Troilus Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Troilus Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Troilus Gold's standard deviation. In reality, there are many statistical measures that can use Troilus Gold historical prices to predict the future Troilus Gold's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (0.66) |
Troilus Gold Corp Backtested Returns
Troilus Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0189, which indicates the firm had a -0.0189% return per unit of risk over the last 3 months. Troilus Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Troilus Gold's Coefficient Of Variation of (2,248), variance of 20.94, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Troilus Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Troilus Gold is expected to be smaller as well. At this point, Troilus Gold Corp has a negative expected return of -0.0879%. Please make sure to validate Troilus Gold's skewness, as well as the relationship between the day median price and relative strength index , to decide if Troilus Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Troilus Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Troilus Gold time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Troilus Gold Corp price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Troilus Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Troilus Gold Corp lagged returns against current returns
Autocorrelation, which is Troilus 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 Troilus Gold's stock expected returns. We can calculate the autocorrelation of Troilus Gold returns to help us make a trade decision. For example, suppose you find that Troilus 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 |
Troilus 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 Troilus Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Troilus Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Troilus Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Troilus Gold Lagged Returns
When evaluating Troilus Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Troilus Gold stock have on its future price. Troilus 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, Troilus Gold autocorrelation shows the relationship between Troilus Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Troilus Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Troilus Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Troilus Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Troilus Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Troilus Stock
| 0.83 | GOOG | Alphabet CDR | PairCorr |
| 0.81 | FDY | Faraday Copper Corp | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.63 | BOFA | Bank of America | PairCorr |
The ability to find closely correlated positions to Troilus Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Troilus Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Troilus Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Troilus Gold Corp to buy it.
The correlation of Troilus Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Troilus Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Troilus Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Troilus Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Troilus Stock
Troilus Gold financial ratios help investors to determine whether Troilus Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Troilus with respect to the benefits of owning Troilus Gold security.