Tectonic Metals Stock Market Value
| TECT Stock | CAD 0.05 0.01 11.11% |
| Symbol | Tectonic |
Tectonic Metals Price To Book Ratio
Tectonic 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 Tectonic 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 Tectonic Metals.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in Tectonic Metals on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding Tectonic Metals or generate 0.0% return on investment in Tectonic Metals over 30 days. Tectonic Metals is related to or competes with Goliath Resources, Hercules Metals, Cassiar Gold, and Copaur Minerals. Tectonic Metals Inc. engages in the identification, acquisition, and exploration of mineral properties in the United Sta... More
Tectonic 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 Tectonic 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 Tectonic Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.16 | |||
| Information Ratio | 0.0012 | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Tectonic Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tectonic Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tectonic Metals' standard deviation. In reality, there are many statistical measures that can use Tectonic Metals historical prices to predict the future Tectonic Metals' volatility.| Risk Adjusted Performance | 0.0132 | |||
| Jensen Alpha | 0.0023 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.0193 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tectonic Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tectonic Metals Backtested Returns
Tectonic Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0207, which indicates the firm had a -0.0207% return per unit of risk over the last 3 months. Tectonic Metals exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tectonic Metals' Semi Deviation of 4.57, risk adjusted performance of 0.0132, and Coefficient Of Variation of 17449.75 to confirm the risk estimate we provide. The entity has a beta of 1.28, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tectonic Metals will likely underperform. At this point, Tectonic Metals has a negative expected return of -0.12%. Please make sure to validate Tectonic Metals' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Tectonic Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Tectonic Metals has modest predictability. Overlapping area represents the amount of predictability between Tectonic Metals time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 Tectonic Metals price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Tectonic Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tectonic Metals lagged returns against current returns
Autocorrelation, which is Tectonic 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 Tectonic Metals' stock expected returns. We can calculate the autocorrelation of Tectonic Metals returns to help us make a trade decision. For example, suppose you find that Tectonic 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 |
Tectonic 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 Tectonic Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tectonic Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tectonic Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Tectonic Metals Lagged Returns
When evaluating Tectonic Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tectonic Metals stock have on its future price. Tectonic 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, Tectonic Metals autocorrelation shows the relationship between Tectonic Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Tectonic Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tectonic Stock Analysis
When running Tectonic Metals' price analysis, check to measure Tectonic 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 Tectonic Metals is operating at the current time. Most of Tectonic Metals' value examination focuses on studying past and present price action to predict the probability of Tectonic Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tectonic Metals' price. Additionally, you may evaluate how the addition of Tectonic Metals to your portfolios can decrease your overall portfolio volatility.