Transition Metals Corp Stock Market Value
| XTM Stock | CAD 0.07 0.01 16.67% |
| Symbol | Transition |
Transition Metals Corp Price To Book Ratio
Transition Metals '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 Transition Metals' 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 Transition Metals.
| 07/28/2024 |
| 11/25/2024 |
If you would invest 0.00 in Transition Metals on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding Transition Metals Corp or generate 0.0% return on investment in Transition Metals over 120 days. Transition Metals is related to or competes with Bip Investment, Salesforce, Doman Building, Westshore Terminals, AGF Management, and American Hotel. Transition Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States More
Transition Metals 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 Transition Metals' 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 Transition Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.73 | |||
| Information Ratio | 0.0353 | |||
| Maximum Drawdown | 44.51 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 16.67 |
Transition Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transition Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transition Metals' standard deviation. In reality, there are many statistical measures that can use Transition Metals historical prices to predict the future Transition Metals' volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.3627 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | 1.53 |
Transition Metals Corp Backtested Returns
Transition Metals appears to be out of control, given 3 months investment horizon. Transition Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0383, which indicates the firm had a 0.0383% return per unit of risk over the last 3 months. We have found thirty technical indicators for Transition Metals Corp, which you can use to evaluate the volatility of the company. Please review Transition Metals' Risk Adjusted Performance of 0.0491, coefficient of variation of 1914.09, and Semi Deviation of 5.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Transition Metals holds a performance score of 3. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transition Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Transition Metals is expected to be smaller as well. Please check Transition Metals' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Transition Metals' existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Transition Metals Corp has weak predictability. Overlapping area represents the amount of predictability between Transition Metals time series from 28th of July 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Transition Metals Corp price movement. The serial correlation of 0.22 indicates that over 22.0% of current Transition Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transition Metals Corp lagged returns against current returns
Autocorrelation, which is Transition Metals 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 Transition Metals' stock expected returns. We can calculate the autocorrelation of Transition Metals returns to help us make a trade decision. For example, suppose you find that Transition Metals 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 |
Transition Metals 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 Transition Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transition Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transition Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Transition Metals Lagged Returns
When evaluating Transition Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transition Metals stock have on its future price. Transition Metals 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, Transition Metals autocorrelation shows the relationship between Transition Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Transition Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Transition Stock Analysis
When running Transition Metals' price analysis, check to measure Transition Metals' 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 Transition Metals is operating at the current time. Most of Transition Metals' value examination focuses on studying past and present price action to predict the probability of Transition Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transition Metals' price. Additionally, you may evaluate how the addition of Transition Metals to your portfolios can decrease your overall portfolio volatility.