Trench Metals Corp Stock Market Value
| TMC Stock | CAD 0.47 0.09 16.07% |
| Symbol | Trench |
Trench Metals Corp Price To Book Ratio
Trench Metals '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 Trench Metals' 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 Trench Metals.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Trench Metals on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Trench Metals Corp or generate 0.0% return on investment in Trench Metals over 180 days. Trench Metals is related to or competes with Skyharbour Resources, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Trench Metals Corp. engages in the exploration of mineral properties in Canada More
Trench Metals 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 Trench Metals' 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 Trench Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 51.67 | |||
| Value At Risk | (16.18) | |||
| Potential Upside | 14.29 |
Trench Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trench Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trench Metals' standard deviation. In reality, there are many statistical measures that can use Trench Metals historical prices to predict the future Trench Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (2.06) | |||
| Treynor Ratio | (0.53) |
Trench Metals Corp Backtested Returns
Trench Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0462, which indicates the firm had a -0.0462% return per unit of risk over the last 3 months. Trench Metals Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trench Metals' Variance of 105.11, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,373) to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trench Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Trench Metals is expected to be smaller as well. At this point, Trench Metals Corp has a negative expected return of -0.47%. Please make sure to validate Trench Metals' total risk alpha and the relationship between the skewness and relative strength index , to decide if Trench Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Trench Metals Corp has average predictability. Overlapping area represents the amount of predictability between Trench Metals time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Trench Metals Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Trench Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Trench Metals Corp lagged returns against current returns
Autocorrelation, which is Trench Metals 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 Trench Metals' stock expected returns. We can calculate the autocorrelation of Trench Metals returns to help us make a trade decision. For example, suppose you find that Trench Metals 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 |
Trench Metals 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 Trench Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trench Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trench Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Trench Metals Lagged Returns
When evaluating Trench Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trench Metals stock have on its future price. Trench Metals 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, Trench Metals autocorrelation shows the relationship between Trench Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Trench Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Trench Stock Analysis
When running Trench Metals' price analysis, check to measure Trench Metals' 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 Trench Metals is operating at the current time. Most of Trench Metals' value examination focuses on studying past and present price action to predict the probability of Trench Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trench Metals' price. Additionally, you may evaluate how the addition of Trench Metals to your portfolios can decrease your overall portfolio volatility.