Torq Resources Stock Market Value
| TORQ Stock | CAD 0.06 0.01 14.29% |
| Symbol | Torq |
Torq Resources Price To Book Ratio
Torq Resources '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 Torq Resources' 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 Torq Resources.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Torq Resources on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Torq Resources or generate 0.0% return on investment in Torq Resources over 390 days. Torq Resources is related to or competes with Kiplin Metals, Pure Energy, and Noram Lithium. Torq Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral r... More
Torq Resources 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 Torq Resources' 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 Torq Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.37 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 71.43 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Torq Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Torq Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Torq Resources' standard deviation. In reality, there are many statistical measures that can use Torq Resources historical prices to predict the future Torq Resources' volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.2122 | |||
| Total Risk Alpha | (1.73) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.05) |
Torq Resources Backtested Returns
At this stage we consider Torq Stock to be out of control. Torq Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0045, which indicates the firm had a 0.0045% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Torq Resources, which you can use to evaluate the volatility of the company. Please validate Torq Resources' Risk Adjusted Performance of 0.0141, semi deviation of 6.51, and Coefficient Of Variation of 15949.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0484%. The entity has a beta of -1.21, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Torq Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Torq Resources is expected to outperform it. Torq Resources right now has a risk of 10.77%. Please validate Torq Resources sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Torq Resources will be following its existing price patterns.
Auto-correlation | 0.68 |
Good predictability
Torq Resources has good predictability. Overlapping area represents the amount of predictability between Torq Resources time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Torq Resources price movement. The serial correlation of 0.68 indicates that around 68.0% of current Torq Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Torq Resources lagged returns against current returns
Autocorrelation, which is Torq Resources 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 Torq Resources' stock expected returns. We can calculate the autocorrelation of Torq Resources returns to help us make a trade decision. For example, suppose you find that Torq Resources 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 |
Torq Resources 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 Torq Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Torq Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Torq Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Torq Resources Lagged Returns
When evaluating Torq Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Torq Resources stock have on its future price. Torq Resources 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, Torq Resources autocorrelation shows the relationship between Torq Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Torq Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Torq Stock Analysis
When running Torq Resources' price analysis, check to measure Torq Resources' 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 Torq Resources is operating at the current time. Most of Torq Resources' value examination focuses on studying past and present price action to predict the probability of Torq Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torq Resources' price. Additionally, you may evaluate how the addition of Torq Resources to your portfolios can decrease your overall portfolio volatility.