Triple Flag Precious Stock Market Value
| TFPM Stock | 27.18 0.19 0.70% |
| Symbol | Triple |
Triple Flag Precious Price To Book Ratio
Triple Flag '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 Triple Flag'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 Triple Flag.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Triple Flag on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Triple Flag Precious or generate 0.0% return on investment in Triple Flag over 90 days. Triple Flag is related to or competes with Verizon Communications, Chemtrade Logistics, Cogeco Communications, Economic Investment, Precision Drilling, Primaris Retail, and Major Drilling. Triple Flag is entity of Canada. It is traded as Stock on TO exchange. More
Triple Flag 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 Triple Flag'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 Triple Flag Precious upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1808 | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.33 |
Triple Flag Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Triple Flag's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Triple Flag's standard deviation. In reality, there are many statistical measures that can use Triple Flag historical prices to predict the future Triple Flag's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.2612 | |||
| Total Risk Alpha | 0.4647 | |||
| Sortino Ratio | 0.1854 | |||
| Treynor Ratio | 0.8007 |
Triple Flag Precious Backtested Returns
Triple Flag appears to be very steady, given 3 months investment horizon. Triple Flag Precious owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Triple Flag Precious, which you can use to evaluate the volatility of the company. Please review Triple Flag's Risk Adjusted Performance of 0.1168, semi deviation of 1.58, and Coefficient Of Variation of 781.5 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Triple Flag holds a performance score of 12. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Triple Flag's returns are expected to increase less than the market. However, during the bear market, the loss of holding Triple Flag is expected to be smaller as well. Please check Triple Flag's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Triple Flag's existing price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Triple Flag Precious has below average predictability. Overlapping area represents the amount of predictability between Triple Flag time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Triple Flag Precious price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Triple Flag price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Triple Flag Precious lagged returns against current returns
Autocorrelation, which is Triple Flag 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 Triple Flag's stock expected returns. We can calculate the autocorrelation of Triple Flag returns to help us make a trade decision. For example, suppose you find that Triple Flag 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 |
Triple Flag 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 Triple Flag stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Triple Flag stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Triple Flag stock over time.
Current vs Lagged Prices |
| Timeline |
Triple Flag Lagged Returns
When evaluating Triple Flag's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Triple Flag stock have on its future price. Triple Flag 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, Triple Flag autocorrelation shows the relationship between Triple Flag stock current value and its past values and can show if there is a momentum factor associated with investing in Triple Flag Precious.
Regressed Prices |
| Timeline |
Pair Trading with Triple Flag
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Triple Flag position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Triple Flag will appreciate offsetting losses from the drop in the long position's value.Moving together with Triple Stock
Moving against Triple Stock
The ability to find closely correlated positions to Triple Flag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triple Flag when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Triple Flag - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Triple Flag Precious to buy it.
The correlation of Triple Flag is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Triple Flag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triple Flag Precious moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Triple Flag can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Triple Flag Correlation, Triple Flag Volatility and Triple Flag Alpha and Beta module to complement your research on Triple Flag. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Triple Flag technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.