Trigon Metals Stock Market Value
| TM Stock | CAD 0.25 0.01 3.85% |
| Symbol | Trigon |
Trigon 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 Trigon 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 Trigon Metals.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Trigon Metals on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Trigon Metals or generate 0.0% return on investment in Trigon Metals over 90 days. Trigon Metals is related to or competes with IMetal Resources. Trigon Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and maintenanc... More
Trigon 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 Trigon 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 Trigon Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 39.11 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.33 |
Trigon Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trigon Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trigon Metals' standard deviation. In reality, there are many statistical measures that can use Trigon Metals historical prices to predict the future Trigon Metals' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (1.39) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 1.52 |
Trigon Metals Backtested Returns
Trigon Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21 % return per unit of risk over the last 3 months. Trigon Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trigon Metals' Coefficient Of Variation of (480.52), variance of 38.32, and Risk Adjusted Performance of (0.17) to confirm the risk estimate we provide. The entity has a beta of -0.85, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Trigon Metals are expected to decrease slowly. On the other hand, during market turmoil, Trigon Metals is expected to outperform it slightly. At this point, Trigon Metals has a negative expected return of -1.29%. Please make sure to validate Trigon Metals' treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Trigon Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Trigon Metals has very good predictability. Overlapping area represents the amount of predictability between Trigon Metals 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 Trigon Metals price movement. The serial correlation of 0.8 indicates that around 80.0% of current Trigon Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trigon Metals lagged returns against current returns
Autocorrelation, which is Trigon 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 Trigon Metals' stock expected returns. We can calculate the autocorrelation of Trigon Metals returns to help us make a trade decision. For example, suppose you find that Trigon 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 |
Trigon 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 Trigon Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trigon Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trigon Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Trigon Metals Lagged Returns
When evaluating Trigon Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trigon Metals stock have on its future price. Trigon 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, Trigon Metals autocorrelation shows the relationship between Trigon Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Trigon Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Trigon Stock Analysis
When running Trigon Metals' price analysis, check to measure Trigon 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 Trigon Metals is operating at the current time. Most of Trigon Metals' value examination focuses on studying past and present price action to predict the probability of Trigon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigon Metals' price. Additionally, you may evaluate how the addition of Trigon Metals to your portfolios can decrease your overall portfolio volatility.