Talisman Mining (Australia) Market Value
| TLM Stock | 0.21 0.01 4.55% |
| Symbol | Talisman |
Talisman 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 Talisman 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 Talisman Mining.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Talisman Mining on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Talisman Mining or generate 0.0% return on investment in Talisman Mining over 720 days. Talisman Mining is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, and De Grey. Talisman Mining is entity of Australia. It is traded as Stock on AU exchange. More
Talisman 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 Talisman 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 Talisman Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.83 | |||
| Information Ratio | 0.0474 | |||
| Maximum Drawdown | 19.62 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 9.09 |
Talisman Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talisman Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talisman Mining's standard deviation. In reality, there are many statistical measures that can use Talisman Mining historical prices to predict the future Talisman Mining's volatility.| Risk Adjusted Performance | 0.0647 | |||
| Jensen Alpha | 0.3092 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0403 | |||
| Treynor Ratio | (1.90) |
Talisman Mining Backtested Returns
Currently, Talisman Mining is out of control. Talisman Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0382, which indicates the firm had a 0.0382% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Talisman Mining, which you can use to evaluate the volatility of the company. Please validate Talisman Mining's Risk Adjusted Performance of 0.0647, coefficient of variation of 1349.06, and Semi Deviation of 2.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Talisman Mining has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Talisman Mining are expected to decrease at a much lower rate. During the bear market, Talisman Mining is likely to outperform the market. Talisman Mining right now has a risk of 4.13%. Please validate Talisman Mining sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Talisman Mining will be following its existing price patterns.
Auto-correlation | 0.47 |
Average predictability
Talisman Mining has average predictability. Overlapping area represents the amount of predictability between Talisman Mining time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Talisman Mining price movement. The serial correlation of 0.47 indicates that about 47.0% of current Talisman Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talisman Mining lagged returns against current returns
Autocorrelation, which is Talisman 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 Talisman Mining's stock expected returns. We can calculate the autocorrelation of Talisman Mining returns to help us make a trade decision. For example, suppose you find that Talisman 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 |
| Timeline |
Talisman 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 Talisman Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talisman Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talisman Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Talisman Mining Lagged Returns
When evaluating Talisman Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talisman Mining stock have on its future price. Talisman 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, Talisman Mining autocorrelation shows the relationship between Talisman Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Talisman Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Talisman Stock Analysis
When running Talisman Mining's price analysis, check to measure Talisman 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 Talisman Mining is operating at the current time. Most of Talisman Mining's value examination focuses on studying past and present price action to predict the probability of Talisman 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 Talisman Mining's price. Additionally, you may evaluate how the addition of Talisman Mining to your portfolios can decrease your overall portfolio volatility.