TOMBADOR IRON (Germany) Market Value
| 6QZ Stock | EUR 0.10 0.00 0.00% |
| Symbol | TOMBADOR |
TOMBADOR IRON '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 TOMBADOR IRON'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 TOMBADOR IRON.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in TOMBADOR IRON on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding TOMBADOR IRON LTD or generate 0.0% return on investment in TOMBADOR IRON over 60 days. TOMBADOR IRON is related to or competes with Anglo American, ADRIATIC METALS, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. Tombador Iron Limited engages in the exploration of iron projects in Brazil More
TOMBADOR IRON 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 TOMBADOR IRON'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 TOMBADOR IRON LTD upside and downside potential and time the market with a certain degree of confidence.
TOMBADOR IRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOMBADOR IRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOMBADOR IRON's standard deviation. In reality, there are many statistical measures that can use TOMBADOR IRON historical prices to predict the future TOMBADOR IRON's volatility.TOMBADOR IRON LTD Backtested Returns
We have found three technical indicators for TOMBADOR IRON LTD, 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 TOMBADOR IRON are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
TOMBADOR IRON LTD has no correlation between past and present. Overlapping area represents the amount of predictability between TOMBADOR IRON time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TOMBADOR IRON LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current TOMBADOR IRON 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 |
TOMBADOR IRON LTD lagged returns against current returns
Autocorrelation, which is TOMBADOR IRON 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 TOMBADOR IRON's stock expected returns. We can calculate the autocorrelation of TOMBADOR IRON returns to help us make a trade decision. For example, suppose you find that TOMBADOR IRON 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 |
TOMBADOR IRON 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 TOMBADOR IRON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOMBADOR IRON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOMBADOR IRON stock over time.
Current vs Lagged Prices |
| Timeline |
TOMBADOR IRON Lagged Returns
When evaluating TOMBADOR IRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOMBADOR IRON stock have on its future price. TOMBADOR IRON 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, TOMBADOR IRON autocorrelation shows the relationship between TOMBADOR IRON stock current value and its past values and can show if there is a momentum factor associated with investing in TOMBADOR IRON LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TOMBADOR Stock
TOMBADOR IRON financial ratios help investors to determine whether TOMBADOR Stock 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 TOMBADOR with respect to the benefits of owning TOMBADOR IRON security.