Tesoro Minerals Corp Stock Market Value
| TES Stock | CAD 0.02 0.00 0.00% |
| Symbol | Tesoro |
Tesoro Minerals '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 Tesoro Minerals' 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 Tesoro Minerals.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Tesoro Minerals on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Tesoro Minerals Corp or generate 0.0% return on investment in Tesoro Minerals over 30 days. Tesoro Minerals is related to or competes with NeXGold Mining, Titan Mining, Canadian Imperial, Magna Mining, Canso Credit, Royal Bank, and IA Financial. Tesoro Minerals Corp. engages in the acquisition, exploration, and evaluation of resource properties in Western South Am... More
Tesoro Minerals 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 Tesoro Minerals' 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 Tesoro Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0011 | |||
| Maximum Drawdown | 83.33 |
Tesoro Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tesoro Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tesoro Minerals' standard deviation. In reality, there are many statistical measures that can use Tesoro Minerals historical prices to predict the future Tesoro Minerals' volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.3434 | |||
| Treynor Ratio | 0.0217 |
Tesoro Minerals Corp Backtested Returns
Tesoro Minerals appears to be out of control, given 3 months investment horizon. Tesoro Minerals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0499, which indicates the firm had a 0.0499 % return per unit of risk over the last 3 months. By inspecting Tesoro Minerals' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Tesoro Minerals' Risk Adjusted Performance of 0.0093, variance of 128.21, and Coefficient Of Variation of 7.473028467429E10 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tesoro Minerals holds a performance score of 3. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tesoro Minerals are expected to decrease at a much lower rate. During the bear market, Tesoro Minerals is likely to outperform the market. Please check Tesoro Minerals' variance, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Tesoro Minerals' existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Tesoro Minerals Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Tesoro Minerals time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Tesoro Minerals Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tesoro Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tesoro Minerals Corp lagged returns against current returns
Autocorrelation, which is Tesoro Minerals 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 Tesoro Minerals' stock expected returns. We can calculate the autocorrelation of Tesoro Minerals returns to help us make a trade decision. For example, suppose you find that Tesoro Minerals 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 |
Tesoro Minerals 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 Tesoro Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tesoro Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tesoro Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Tesoro Minerals Lagged Returns
When evaluating Tesoro Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tesoro Minerals stock have on its future price. Tesoro Minerals 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, Tesoro Minerals autocorrelation shows the relationship between Tesoro Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Tesoro Minerals Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Tesoro Stock Analysis
When running Tesoro Minerals' price analysis, check to measure Tesoro Minerals' 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 Tesoro Minerals is operating at the current time. Most of Tesoro Minerals' value examination focuses on studying past and present price action to predict the probability of Tesoro Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tesoro Minerals' price. Additionally, you may evaluate how the addition of Tesoro Minerals to your portfolios can decrease your overall portfolio volatility.