Trulite Stock Market Value
| TRUL Stock | USD 0 0.00 0.00% |
| Symbol | Trulite |
Trulite '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 Trulite'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 Trulite.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Trulite on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Trulite or generate 0.0% return on investment in Trulite over 30 days. Trulite is related to or competes with AFC Energy, Sunrise New, Energizer Holdings, and Alfen NV. Trulite, Inc., a development stage company, engages in the development, production, sourcing, marketing, and sale of por... More
Trulite 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 Trulite'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 Trulite upside and downside potential and time the market with a certain degree of confidence.
Trulite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trulite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trulite's standard deviation. In reality, there are many statistical measures that can use Trulite historical prices to predict the future Trulite's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trulite'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.
Trulite Backtested Returns
We have found three technical indicators for Trulite, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Trulite are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Trulite has no correlation between past and present. Overlapping area represents the amount of predictability between Trulite time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Trulite price movement. The serial correlation of 0.0 indicates that just 0.0% of current Trulite 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 |
Trulite lagged returns against current returns
Autocorrelation, which is Trulite 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 Trulite's pink sheet expected returns. We can calculate the autocorrelation of Trulite returns to help us make a trade decision. For example, suppose you find that Trulite 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 |
Trulite 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 Trulite pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trulite pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trulite pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Trulite Lagged Returns
When evaluating Trulite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trulite pink sheet have on its future price. Trulite 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, Trulite autocorrelation shows the relationship between Trulite pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trulite.
Regressed Prices |
| Timeline |
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Trulite financial ratios help investors to determine whether Trulite 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 Trulite with respect to the benefits of owning Trulite security.