Tsodilo Resources Limited Stock Market Value
| TSD Stock | CAD 0.17 0.02 10.53% |
| Symbol | Tsodilo |
Tsodilo 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 Tsodilo 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 Tsodilo Resources.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Tsodilo Resources on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Tsodilo Resources Limited or generate 0.0% return on investment in Tsodilo Resources over 360 days. Tsodilo Resources is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Tsodilo Resources Limited, an exploration stage company, acquires, explores, and develops mineral properties in the Repu... More
Tsodilo 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 Tsodilo 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 Tsodilo Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.17 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 36.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Tsodilo Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsodilo Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsodilo Resources' standard deviation. In reality, there are many statistical measures that can use Tsodilo Resources historical prices to predict the future Tsodilo Resources' volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.2296 | |||
| Total Risk Alpha | (0.96) | |||
| Sortino Ratio | 0.0175 | |||
| Treynor Ratio | 0.5249 |
Tsodilo Resources Backtested Returns
Tsodilo Resources appears to be out of control, given 3 months investment horizon. Tsodilo Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0914, which indicates the firm had a 0.0914% return per unit of risk over the last 3 months. By inspecting Tsodilo Resources' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Tsodilo Resources' Coefficient Of Variation of 2588.36, risk adjusted performance of 0.0387, and Semi Deviation of 6.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tsodilo Resources holds a performance score of 7. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tsodilo Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsodilo Resources is expected to be smaller as well. Please check Tsodilo Resources' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Tsodilo Resources' existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Tsodilo Resources Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tsodilo Resources time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Tsodilo Resources price movement. The serial correlation of -0.18 indicates that over 18.0% of current Tsodilo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tsodilo Resources lagged returns against current returns
Autocorrelation, which is Tsodilo 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 Tsodilo Resources' stock expected returns. We can calculate the autocorrelation of Tsodilo Resources returns to help us make a trade decision. For example, suppose you find that Tsodilo 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 |
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Tsodilo 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 Tsodilo Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsodilo Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsodilo Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Tsodilo Resources Lagged Returns
When evaluating Tsodilo Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsodilo Resources stock have on its future price. Tsodilo 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, Tsodilo Resources autocorrelation shows the relationship between Tsodilo Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Tsodilo Resources Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tsodilo Stock Analysis
When running Tsodilo Resources' price analysis, check to measure Tsodilo 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 Tsodilo Resources is operating at the current time. Most of Tsodilo Resources' value examination focuses on studying past and present price action to predict the probability of Tsodilo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsodilo Resources' price. Additionally, you may evaluate how the addition of Tsodilo Resources to your portfolios can decrease your overall portfolio volatility.