Toro Energy Limited Stock Market Value
| TOEYF Stock | USD 0.10 0.01 9.09% |
| Symbol | Toro |
Toro Energy '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 Toro Energy's 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 Toro Energy.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Toro Energy on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Toro Energy Limited or generate 0.0% return on investment in Toro Energy over 30 days. Toro Energy Limited engages in the exploration, evaluation, and development of uranium properties in Australia More
Toro Energy 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 Toro Energy's 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 Toro Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.58 | |||
| Information Ratio | 0.0234 | |||
| Maximum Drawdown | 126.67 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 18.92 |
Toro Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toro Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toro Energy's standard deviation. In reality, there are many statistical measures that can use Toro Energy historical prices to predict the future Toro Energy's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.3958 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toro Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Toro Energy Limited Backtested Returns
Toro Energy appears to be out of control, given 3 months investment horizon. Toro Energy Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0607, which indicates the firm had a 0.0607% return per unit of risk over the last 3 months. By inspecting Toro Energy's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please review Toro Energy's Semi Deviation of 7.62, coefficient of variation of 3920.74, and Risk Adjusted Performance of 0.0297 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Toro Energy holds a performance score of 4. The entity has a beta of -0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Toro Energy are expected to decrease at a much lower rate. During the bear market, Toro Energy is likely to outperform the market. Please check Toro Energy's potential upside, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Toro Energy's existing price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Toro Energy Limited has good predictability. Overlapping area represents the amount of predictability between Toro Energy time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Toro Energy Limited price movement. The serial correlation of 0.79 indicates that around 79.0% of current Toro Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Toro Energy Limited lagged returns against current returns
Autocorrelation, which is Toro Energy 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 Toro Energy's pink sheet expected returns. We can calculate the autocorrelation of Toro Energy returns to help us make a trade decision. For example, suppose you find that Toro Energy 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 |
Toro Energy 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 Toro Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toro Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toro Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Toro Energy Lagged Returns
When evaluating Toro Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toro Energy pink sheet have on its future price. Toro Energy 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, Toro Energy autocorrelation shows the relationship between Toro Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Toro Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Toro Pink Sheet
Toro Energy financial ratios help investors to determine whether Toro 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 Toro with respect to the benefits of owning Toro Energy security.