Torque Metals (Australia) Market Value
| TOR Stock | 0.05 0 1.89% |
| Symbol | Torque |
Torque 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 Torque 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 Torque Metals.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Torque Metals on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Torque Metals or generate 0.0% return on investment in Torque Metals over 720 days. Torque Metals is related to or competes with Aussie Broadband, Aurelia Metals, Retail Food, and Australian Agricultural. More
Torque 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 Torque 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 Torque Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.04 | |||
| Value At Risk | (7.87) | |||
| Potential Upside | 8.33 |
Torque Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Torque Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Torque Metals' standard deviation. In reality, there are many statistical measures that can use Torque Metals historical prices to predict the future Torque Metals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 20.83 |
Torque Metals Backtested Returns
Torque Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Torque Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Torque Metals' Variance of 22.16, coefficient of variation of (848.73), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0271, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Torque Metals are expected to decrease at a much lower rate. During the bear market, Torque Metals is likely to outperform the market. At this point, Torque Metals has a negative expected return of -0.55%. Please make sure to validate Torque Metals' value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Torque Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Torque Metals has modest reverse predictability. Overlapping area represents the amount of predictability between Torque Metals time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Torque Metals price movement. The serial correlation of -0.47 indicates that about 47.0% of current Torque Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Torque Metals lagged returns against current returns
Autocorrelation, which is Torque 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 Torque Metals' stock expected returns. We can calculate the autocorrelation of Torque Metals returns to help us make a trade decision. For example, suppose you find that Torque 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 |
Torque 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 Torque Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Torque Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Torque Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Torque Metals Lagged Returns
When evaluating Torque Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Torque Metals stock have on its future price. Torque 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, Torque Metals autocorrelation shows the relationship between Torque Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Torque Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Torque Stock Analysis
When running Torque Metals' price analysis, check to measure Torque 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 Torque Metals is operating at the current time. Most of Torque Metals' value examination focuses on studying past and present price action to predict the probability of Torque Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torque Metals' price. Additionally, you may evaluate how the addition of Torque Metals to your portfolios can decrease your overall portfolio volatility.