Terreno Resources Corp Stock Market Value
| TNO-H Stock | CAD 0.01 0.00 0.00% |
| Symbol | Terreno |
Terreno Resources '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 Terreno Resources' 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 Terreno Resources.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Terreno Resources on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Terreno Resources Corp or generate 0.0% return on investment in Terreno Resources over 30 days. Terreno Resources is related to or competes with Arizona Metals, Boat Rocker, Lion One, Canso Select, Primaris Retail, Precious Metals, and Slate Grocery. Terreno Resources Corp. engages in the acquisition, exploration, and development of mineral properties More
Terreno Resources 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 Terreno Resources' 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 Terreno Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1186 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Terreno Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terreno Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terreno Resources' standard deviation. In reality, there are many statistical measures that can use Terreno Resources historical prices to predict the future Terreno Resources' volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 3.92 | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | (3.31) |
Terreno Resources Corp Backtested Returns
Terreno Resources is out of control given 3 months investment horizon. Terreno Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0815, which indicates the firm had a 0.0815% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for eighteen different technical indicators, which can help you to evaluate if expected returns of 2.34% are justified by taking the suggested risk. Use Terreno Resources Corp Variance of 946.97, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.1038 to evaluate company specific risk that cannot be diversified away. Terreno Resources holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of -1.14, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Terreno Resources are expected to decrease slowly. On the other hand, during market turmoil, Terreno Resources is expected to outperform it slightly. Use Terreno Resources Corp potential upside, as well as the relationship between the kurtosis and day median price , to analyze future returns on Terreno Resources Corp.
Auto-correlation | 1.00 |
Perfect predictability
Terreno Resources Corp has perfect predictability. Overlapping area represents the amount of predictability between Terreno Resources time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 Terreno Resources Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Terreno Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Terreno Resources Corp lagged returns against current returns
Autocorrelation, which is Terreno Resources 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 Terreno Resources' stock expected returns. We can calculate the autocorrelation of Terreno Resources returns to help us make a trade decision. For example, suppose you find that Terreno Resources 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 |
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Terreno Resources 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 Terreno Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terreno Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terreno Resources stock over time.
Current vs Lagged Prices |
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Terreno Resources Lagged Returns
When evaluating Terreno Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terreno Resources stock have on its future price. Terreno Resources 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, Terreno Resources autocorrelation shows the relationship between Terreno Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Terreno Resources Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Terreno Stock Analysis
When running Terreno Resources' price analysis, check to measure Terreno Resources' 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 Terreno Resources is operating at the current time. Most of Terreno Resources' value examination focuses on studying past and present price action to predict the probability of Terreno Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Terreno Resources' price. Additionally, you may evaluate how the addition of Terreno Resources to your portfolios can decrease your overall portfolio volatility.