Tombstone Exploration Corp Stock Market Value
| TMBXF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Tombstone |
Tombstone Exploration '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 Tombstone Exploration's 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 Tombstone Exploration.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Tombstone Exploration on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Tombstone Exploration Corp or generate 0.0% return on investment in Tombstone Exploration over 30 days. Tombstone Exploration is related to or competes with Summa Silver, GoGold Resources, Scottie Resources, Endeavour Silver, Metalla Royalty, New Pacific, and Hecla Mining. Tombstone Exploration Corporation, through its subsidiary, Tombstone Exploration and Mining Corporation, engages in the ... More
Tombstone Exploration 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 Tombstone Exploration's 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 Tombstone Exploration Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0898 | |||
| Maximum Drawdown | 1191.67 | |||
| Value At Risk | (33.33) |
Tombstone Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tombstone Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tombstone Exploration's standard deviation. In reality, there are many statistical measures that can use Tombstone Exploration historical prices to predict the future Tombstone Exploration's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 13.6 | |||
| Total Risk Alpha | 9.09 | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tombstone Exploration's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tombstone Exploration Backtested Returns
Tombstone Exploration is out of control given 3 months investment horizon. Tombstone Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.088, which indicates the firm had a 0.088% return per unit of risk over the last 3 months. We have analyzed and interpolated seventeen different technical indicators, which can help you to evaluate if expected returns of 11.16% are justified by taking the suggested risk. Use Tombstone Exploration Risk Adjusted Performance of 0.0852, variance of 18777.22, and Coefficient Of Variation of 1111.13 to evaluate company specific risk that cannot be diversified away. Tombstone Exploration holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of -64.65, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tombstone Exploration are expected to decrease by larger amounts. On the other hand, during market turmoil, Tombstone Exploration is expected to outperform it. Use Tombstone Exploration information ratio and kurtosis , to analyze future returns on Tombstone Exploration.
Auto-correlation | 0.00 |
No correlation between past and present
Tombstone Exploration Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Tombstone Exploration time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tombstone Exploration price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tombstone Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tombstone Exploration lagged returns against current returns
Autocorrelation, which is Tombstone Exploration 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 Tombstone Exploration's pink sheet expected returns. We can calculate the autocorrelation of Tombstone Exploration returns to help us make a trade decision. For example, suppose you find that Tombstone Exploration 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 |
Tombstone Exploration 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 Tombstone Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tombstone Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tombstone Exploration pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tombstone Exploration Lagged Returns
When evaluating Tombstone Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tombstone Exploration pink sheet have on its future price. Tombstone Exploration 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, Tombstone Exploration autocorrelation shows the relationship between Tombstone Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tombstone Exploration Corp.
Regressed Prices |
| Timeline |
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Other Information on Investing in Tombstone Pink Sheet
Tombstone Exploration financial ratios help investors to determine whether Tombstone Pink Sheet 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 Tombstone with respect to the benefits of owning Tombstone Exploration security.