Taranis Resources Stock Market Value
| TRO Stock | CAD 0.35 0.12 52.17% |
| Symbol | Taranis |
Taranis 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 Taranis 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 Taranis Resources.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Taranis Resources on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Taranis Resources or generate 0.0% return on investment in Taranis Resources over 90 days. Taranis Resources is related to or competes with Highwood Asset, American Hotel, Partners Value, Advent Wireless, Rogers Communications, and Bip Investment. Taranis Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of precio... More
Taranis 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 Taranis 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 Taranis Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.07 | |||
| Information Ratio | 0.0913 | |||
| Maximum Drawdown | 59.44 | |||
| Value At Risk | (11.54) | |||
| Potential Upside | 18.52 |
Taranis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taranis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taranis Resources' standard deviation. In reality, there are many statistical measures that can use Taranis Resources historical prices to predict the future Taranis Resources' volatility.| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0978 | |||
| Treynor Ratio | 3.53 |
Taranis Resources Backtested Returns
Taranis Resources is out of control given 3 months investment horizon. Taranis Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Taranis Resources Coefficient Of Variation of 971.78, semi deviation of 6.03, and Risk Adjusted Performance of 0.0881 to evaluate company specific risk that cannot be diversified away. Taranis Resources holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taranis Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taranis Resources is expected to be smaller as well. Use Taranis Resources value at risk and the relationship between the expected short fall and market facilitation index , to analyze future returns on Taranis Resources.
Auto-correlation | -0.7 |
Very good reverse predictability
Taranis Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Taranis Resources time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Taranis Resources price movement. The serial correlation of -0.7 indicates that around 70.0% of current Taranis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Taranis Resources lagged returns against current returns
Autocorrelation, which is Taranis 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 Taranis Resources' stock expected returns. We can calculate the autocorrelation of Taranis Resources returns to help us make a trade decision. For example, suppose you find that Taranis 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 |
Taranis 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 Taranis Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taranis Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taranis Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Taranis Resources Lagged Returns
When evaluating Taranis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taranis Resources stock have on its future price. Taranis 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, Taranis Resources autocorrelation shows the relationship between Taranis Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Taranis Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Taranis Stock Analysis
When running Taranis Resources' price analysis, check to measure Taranis 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 Taranis Resources is operating at the current time. Most of Taranis Resources' value examination focuses on studying past and present price action to predict the probability of Taranis Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taranis Resources' price. Additionally, you may evaluate how the addition of Taranis Resources to your portfolios can decrease your overall portfolio volatility.