Trican Well Service Stock Market Value
| TOLWF Stock | USD 3.45 0.05 1.47% |
| Symbol | Trican |
Trican Well '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 Trican Well'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 Trican Well.
| 10/16/2023 |
| 12/09/2024 |
If you would invest 0.00 in Trican Well on October 16, 2023 and sell it all today you would earn a total of 0.00 from holding Trican Well Service or generate 0.0% return on investment in Trican Well over 420 days. Trican Well is related to or competes with STEP Energy, Koil Energy, TerraVest Industries, Source Energy, Total Energy, Enterprise, and High Arctic. Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and... More
Trican Well 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 Trican Well'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 Trican Well Service upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.48 |
Trican Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trican Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trican Well's standard deviation. In reality, there are many statistical measures that can use Trican Well historical prices to predict the future Trican Well's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | 0.0288 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0289 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trican Well'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.
Trican Well Service Backtested Returns
At this point, Trican Well is moderately volatile. Trican Well Service owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0379, which indicates the firm had a 0.0379% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Trican Well Service, which you can use to evaluate the volatility of the company. Please validate Trican Well's Risk Adjusted Performance of 0.0075, semi deviation of 2.05, and Coefficient Of Variation of 93511.88 to confirm if the risk estimate we provide is consistent with the expected return of 0.0822%. Trican Well has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trican Well are expected to decrease at a much lower rate. During the bear market, Trican Well is likely to outperform the market. Trican Well Service right now has a risk of 2.17%. Please validate Trican Well semi variance, and the relationship between the treynor ratio and rate of daily change , to decide if Trican Well will be following its existing price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Trican Well Service has poor reverse predictability. Overlapping area represents the amount of predictability between Trican Well time series from 16th of October 2023 to 13th of May 2024 and 13th of May 2024 to 9th 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 Trican Well Service price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Trican Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Trican Well Service lagged returns against current returns
Autocorrelation, which is Trican Well 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 Trican Well's pink sheet expected returns. We can calculate the autocorrelation of Trican Well returns to help us make a trade decision. For example, suppose you find that Trican Well 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 |
Trican Well 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 Trican Well pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trican Well pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trican Well pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Trican Well Lagged Returns
When evaluating Trican Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trican Well pink sheet have on its future price. Trican Well 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, Trican Well autocorrelation shows the relationship between Trican Well pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trican Well Service.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Trican Pink Sheet
Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.