Tesoro Minerals Corp Stock Market Value
| TES Stock | CAD 0.03 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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Tesoro Minerals on December 13, 2022 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 720 days. Tesoro Minerals is related to or competes with Algoma Steel, Champion Iron, European Residential, Financial, Rubicon Organics, Linamar, and Amazon CDR. 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 | 0.1016 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
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 | 0.0937 | |||
| Jensen Alpha | 2.26 | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.44) |
Tesoro Minerals Corp Backtested Returns
Tesoro Minerals is out of control given 3 months investment horizon. Tesoro Minerals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.85% are justified by taking the suggested risk. Use Tesoro Minerals Corp Coefficient Of Variation of 907.81, variance of 257.51, and Risk Adjusted Performance of 0.0937 to evaluate company specific risk that cannot be diversified away. Tesoro Minerals holds a performance score of 8 on a scale of zero to a hundred. The entity has a beta of -3.95, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tesoro Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Tesoro Minerals is expected to outperform it. Use Tesoro Minerals Corp variance, as well as the relationship between the value at risk and rate of daily change , to analyze future returns on Tesoro Minerals Corp.
Auto-correlation | 0.30 |
Below average predictability
Tesoro Minerals Corp has below average predictability. Overlapping area represents the amount of predictability between Tesoro Minerals time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Tesoro Minerals Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Tesoro Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.51 | |
| 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 |
Thematic Opportunities
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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.