Tirex Corp Stock Market Value
Tirex Corp's market value is the price at which a share of Tirex Corp trades on a public exchange. It measures the collective expectations of Tirex Corp investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Tirex Corp and determine expected loss or profit from investing in Tirex Corp over a given investment horizon. Check out Tirex Corp Correlation, Tirex Corp Volatility and Tirex Corp Alpha and Beta module to complement your research on Tirex Corp. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.
| Symbol | Tirex |
Tirex Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Tirex Corp. If investors know Tirex 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 Tirex Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tirex Corp is measured differently than its book value, which is the value of Tirex that is recorded on the company's balance sheet. Investors also form their own opinion of Tirex Corp's value that differs from its market value or its book value, called intrinsic value, which is Tirex Corp's 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 Tirex Corp's market value can be influenced by many factors that don't directly affect Tirex Corp's 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 Tirex Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tirex Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tirex Corp's 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.
Tirex Corp '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 Tirex Corp's 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 Tirex Corp.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tirex Corp on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tirex Corp or generate 0.0% return on investment in Tirex Corp over 30 days. Tirex Corp is related to or competes with Titan Logix, Heidelberger Druckmaschinen, Weir Group, and Ballard Power. The Tirex Corporation develops semi-cryogenic tire recycling process technology More
Tirex Corp 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 Tirex Corp's 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 Tirex Corp upside and downside potential and time the market with a certain degree of confidence.
Tirex Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tirex Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tirex Corp's standard deviation. In reality, there are many statistical measures that can use Tirex Corp historical prices to predict the future Tirex Corp's volatility.Tirex Corp Backtested Returns
We have found zero technical indicators for Tirex Corp, 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 Tirex Corp are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Tirex Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Tirex Corp time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Tirex Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tirex Corp 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 |
Tirex Corp lagged returns against current returns
Autocorrelation, which is Tirex Corp 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 Tirex Corp's stock expected returns. We can calculate the autocorrelation of Tirex Corp returns to help us make a trade decision. For example, suppose you find that Tirex Corp 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 |
Tirex Corp 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 Tirex Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tirex Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tirex Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Tirex Corp Lagged Returns
When evaluating Tirex Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tirex Corp stock have on its future price. Tirex Corp 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, Tirex Corp autocorrelation shows the relationship between Tirex Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Tirex Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Tirex Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tirex Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tirex Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tirex Corp Stock:Check out Tirex Corp Correlation, Tirex Corp Volatility and Tirex Corp Alpha and Beta module to complement your research on Tirex Corp. For information on how to trade Tirex Stock refer to our How to Trade Tirex Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Tirex Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.