Tronox Holdings Plc Stock Market Value
| TROX Stock | USD 12.48 0.19 1.55% |
| Symbol | Tronox |
Tronox Holdings PLC Price To Book Ratio
Is Commodity Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tronox Holdings. If investors know Tronox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tronox Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.482 | Dividend Share 0.5 | Earnings Share (0.47) | Revenue Per Share 19.573 | Quarterly Revenue Growth 0.215 |
The market value of Tronox Holdings PLC is measured differently than its book value, which is the value of Tronox that is recorded on the company's balance sheet. Investors also form their own opinion of Tronox Holdings' value that differs from its market value or its book value, called intrinsic value, which is Tronox Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tronox Holdings' market value can be influenced by many factors that don't directly affect Tronox Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tronox Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tronox Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tronox Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tronox Holdings '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 Tronox Holdings' 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 Tronox Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tronox Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tronox Holdings PLC or generate 0.0% return on investment in Tronox Holdings over 30 days. Tronox Holdings is related to or competes with Huntsman, AdvanSix, Celanese, Green Plains, Lsb Industries, BASF SE, and Valhi. Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central... More
Tronox Holdings 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 Tronox Holdings' 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 Tronox Holdings PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.98 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 6.11 |
Tronox Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tronox Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tronox Holdings' standard deviation. In reality, there are many statistical measures that can use Tronox Holdings historical prices to predict the future Tronox Holdings' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.04) |
Tronox Holdings PLC Backtested Returns
Tronox Holdings PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0377, which indicates the firm had a -0.0377% return per unit of risk over the last 3 months. Tronox Holdings PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tronox Holdings' Coefficient Of Variation of (4,868), variance of 10.02, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 1.88, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tronox Holdings will likely underperform. At this point, Tronox Holdings PLC has a negative expected return of -0.12%. Please make sure to validate Tronox Holdings' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Tronox Holdings PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Tronox Holdings PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tronox Holdings time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Tronox Holdings PLC price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Tronox Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Tronox Holdings PLC lagged returns against current returns
Autocorrelation, which is Tronox Holdings 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 Tronox Holdings' stock expected returns. We can calculate the autocorrelation of Tronox Holdings returns to help us make a trade decision. For example, suppose you find that Tronox Holdings 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 |
Tronox Holdings 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 Tronox Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tronox Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tronox Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Tronox Holdings Lagged Returns
When evaluating Tronox Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tronox Holdings stock have on its future price. Tronox Holdings 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, Tronox Holdings autocorrelation shows the relationship between Tronox Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Tronox Holdings PLC.
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 Tronox Stock Analysis
When running Tronox Holdings' price analysis, check to measure Tronox Holdings' 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 Tronox Holdings is operating at the current time. Most of Tronox Holdings' value examination focuses on studying past and present price action to predict the probability of Tronox Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tronox Holdings' price. Additionally, you may evaluate how the addition of Tronox Holdings to your portfolios can decrease your overall portfolio volatility.