Tree Island Steel Stock Market Value
| TWIRF Stock | USD 2.05 0.02 0.97% |
| Symbol | Tree |
Tree Island '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 Tree Island'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 Tree Island.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Tree Island on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tree Island Steel or generate 0.0% return on investment in Tree Island over 180 days. Tree Island is related to or competes with FS Energy, Business Development, and Inpex Corp. Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction... More
Tree Island 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 Tree Island'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 Tree Island Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.79 |
Tree Island Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tree Island's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tree Island's standard deviation. In reality, there are many statistical measures that can use Tree Island historical prices to predict the future Tree Island's volatility.| Risk Adjusted Performance | 0.0195 | |||
| Jensen Alpha | 0.0795 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.04) |
Tree Island Steel Backtested Returns
Tree Island Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0081, which indicates the firm had a -0.0081% return per unit of risk over the last 3 months. Tree Island Steel exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tree Island's Coefficient Of Variation of 5749.07, semi deviation of 1.74, and Risk Adjusted Performance of 0.0195 to confirm the risk estimate we provide. The entity has a beta of -0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tree Island are expected to decrease at a much lower rate. During the bear market, Tree Island is likely to outperform the market. At this point, Tree Island Steel has a negative expected return of -0.0168%. Please make sure to validate Tree Island's potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Tree Island Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Tree Island Steel has good reverse predictability. Overlapping area represents the amount of predictability between Tree Island time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Tree Island Steel price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Tree Island price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tree Island Steel lagged returns against current returns
Autocorrelation, which is Tree Island 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 Tree Island's pink sheet expected returns. We can calculate the autocorrelation of Tree Island returns to help us make a trade decision. For example, suppose you find that Tree Island 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 |
Tree Island 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 Tree Island pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tree Island pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tree Island pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tree Island Lagged Returns
When evaluating Tree Island's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tree Island pink sheet have on its future price. Tree Island 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, Tree Island autocorrelation shows the relationship between Tree Island pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tree Island Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tree Pink Sheet
Tree Island financial ratios help investors to determine whether Tree 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 Tree with respect to the benefits of owning Tree Island security.