Transition Metals Corp Stock Market Value
| TNTMF Stock | USD 0.03 0.00 0.00% |
| Symbol | Transition |
Transition 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 Transition Metals' pink sheet 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 Transition Metals.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Transition Metals on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Transition Metals Corp or generate 0.0% return on investment in Transition Metals over 30 days. Transition Metals is related to or competes with Aurelia Metals, Azimut Exploration, Silver X, StrikePoint Gold, and Lotus Resources. Transition Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States More
Transition 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 Transition Metals' pink sheet 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 Transition Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 81.47 | |||
| Value At Risk | (21.92) | |||
| Potential Upside | 14.08 |
Transition Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transition Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transition Metals' standard deviation. In reality, there are many statistical measures that can use Transition Metals historical prices to predict the future Transition Metals' volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | 0.0808 | |||
| Total Risk Alpha | (2.04) | |||
| Treynor Ratio | 0.0792 |
Transition Metals Corp Backtested Returns
Transition Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.011, which indicates the firm had a -0.011% return per unit of risk over the last 3 months. Transition Metals Corp exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transition Metals' Risk Adjusted Performance of 0.0012, coefficient of variation of (9,376), and Variance of 131.25 to confirm the risk estimate we provide. The entity has a beta of -1.67, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Transition Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Transition Metals is expected to outperform it. At this point, Transition Metals Corp has a negative expected return of -0.13%. Please make sure to validate Transition Metals' information ratio, as well as the relationship between the potential upside and day median price , to decide if Transition Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Transition Metals Corp has very good predictability. Overlapping area represents the amount of predictability between Transition Metals 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 Transition Metals Corp price movement. The serial correlation of 0.83 indicates that around 83.0% of current Transition Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Transition Metals Corp lagged returns against current returns
Autocorrelation, which is Transition Metals pink sheet'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 Transition Metals' pink sheet expected returns. We can calculate the autocorrelation of Transition Metals returns to help us make a trade decision. For example, suppose you find that Transition Metals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Transition 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 Transition Metals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transition Metals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transition Metals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Transition Metals Lagged Returns
When evaluating Transition Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transition Metals pink sheet have on its future price. Transition 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, Transition Metals autocorrelation shows the relationship between Transition Metals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Transition Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Transition Pink Sheet
Transition Metals financial ratios help investors to determine whether Transition Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Transition with respect to the benefits of owning Transition Metals security.