Trek Resources Stock Market Value
| TRKX Stock | USD 375.00 0.00 0.00% |
| Symbol | Trek |
Trek 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 Trek Resources' 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 Trek Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Trek Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Trek Resources or generate 0.0% return on investment in Trek Resources over 30 days. Trek Resources is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Trek Resources, Inc., an independent energy company, engages in the exploration, development, exploitation, and acquisit... More
Trek 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 Trek Resources' 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 Trek Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 21.05 |
Trek Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trek Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trek Resources' standard deviation. In reality, there are many statistical measures that can use Trek Resources historical prices to predict the future Trek Resources' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (11.34) |
Trek Resources Backtested Returns
Trek Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Trek Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trek Resources' Coefficient Of Variation of (812.40), variance of 6.72, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.029, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trek Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Trek Resources is expected to be smaller as well. At this point, Trek Resources has a negative expected return of -0.33%. Please make sure to validate Trek Resources' coefficient of variation and skewness , to decide if Trek Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Trek Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Trek Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Trek Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Trek Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trek Resources lagged returns against current returns
Autocorrelation, which is Trek Resources 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 Trek Resources' pink sheet expected returns. We can calculate the autocorrelation of Trek Resources returns to help us make a trade decision. For example, suppose you find that Trek Resources 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 |
Trek 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 Trek Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trek Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trek Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Trek Resources Lagged Returns
When evaluating Trek Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trek Resources pink sheet have on its future price. Trek 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, Trek Resources autocorrelation shows the relationship between Trek Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trek Resources.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Trek Pink Sheet Analysis
When running Trek Resources' price analysis, check to measure Trek 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 Trek Resources is operating at the current time. Most of Trek Resources' value examination focuses on studying past and present price action to predict the probability of Trek Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trek Resources' price. Additionally, you may evaluate how the addition of Trek Resources to your portfolios can decrease your overall portfolio volatility.