Torex Gold Resources Stock Market Value
| TORXF Stock | USD 22.25 0.04 0.18% |
| Symbol | Torex |
Torex Gold '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 Torex Gold'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 Torex Gold.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Torex Gold on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Torex Gold Resources or generate 0.0% return on investment in Torex Gold over 720 days. Torex Gold is related to or competes with Evertz Technologies, Uber Technologies, Acm Research, Marti Technologies, Alvarium Tiedemann, Amkor Technology, and Artisan Partners. Torex Gold Resources Inc. operates as an intermediate gold producer in Mexico More
Torex Gold 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 Torex Gold'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 Torex Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0482 | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 5.14 |
Torex Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Torex Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Torex Gold's standard deviation. In reality, there are many statistical measures that can use Torex Gold historical prices to predict the future Torex Gold's volatility.| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | 0.229 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0529 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Torex Gold'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.
Torex Gold Resources Backtested Returns
Torex Gold appears to be not too volatile, given 3 months investment horizon. Torex Gold Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0793, which indicates the firm had a 0.0793% return per unit of risk over the last 3 months. We have found thirty technical indicators for Torex Gold Resources, which you can use to evaluate the volatility of the company. Please review Torex Gold's Semi Deviation of 2.16, risk adjusted performance of 0.0806, and Coefficient Of Variation of 1045.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Torex Gold holds a performance score of 6. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Torex Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Torex Gold is expected to be smaller as well. Please check Torex Gold's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Torex Gold's existing price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Torex Gold Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Torex Gold time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Torex Gold Resources price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Torex Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 13.41 |
Torex Gold Resources lagged returns against current returns
Autocorrelation, which is Torex Gold 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 Torex Gold's pink sheet expected returns. We can calculate the autocorrelation of Torex Gold returns to help us make a trade decision. For example, suppose you find that Torex Gold 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 |
Torex Gold 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 Torex Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Torex Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Torex Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Torex Gold Lagged Returns
When evaluating Torex Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Torex Gold pink sheet have on its future price. Torex Gold 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, Torex Gold autocorrelation shows the relationship between Torex Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Torex Gold Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Torex Pink Sheet
Torex Gold financial ratios help investors to determine whether Torex 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 Torex with respect to the benefits of owning Torex Gold security.