Teras Resources Stock Market Value
| TRA Stock | CAD 0.01 0.00 0.00% |
| Symbol | Teras |
Teras 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 Teras 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 Teras Resources.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Teras Resources on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Teras Resources or generate 0.0% return on investment in Teras Resources over 480 days. Teras Resources is related to or competes with Renoworks Software, Electra Battery, Doman Building, Bragg Gaming, and Postmedia Network. Teras Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Montana, Nevada, ... More
Teras 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 Teras 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 Teras Resources upside and downside potential and time the market with a certain degree of confidence.
Teras Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teras Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teras Resources' standard deviation. In reality, there are many statistical measures that can use Teras Resources historical prices to predict the future Teras Resources' volatility.Teras Resources Backtested Returns
We have found three technical indicators for Teras Resources, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Teras Resources are completely uncorrelated.
Auto-correlation | -0.51 |
Good reverse predictability
Teras Resources has good reverse predictability. Overlapping area represents the amount of predictability between Teras Resources time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Teras Resources price movement. The serial correlation of -0.51 indicates that about 51.0% of current Teras Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Teras Resources lagged returns against current returns
Autocorrelation, which is Teras 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 Teras Resources' stock expected returns. We can calculate the autocorrelation of Teras Resources returns to help us make a trade decision. For example, suppose you find that Teras 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 |
| Timeline |
Teras 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 Teras Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teras Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teras Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Teras Resources Lagged Returns
When evaluating Teras Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teras Resources stock have on its future price. Teras 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, Teras Resources autocorrelation shows the relationship between Teras Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Teras Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Teras Stock Analysis
When running Teras Resources' price analysis, check to measure Teras 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 Teras Resources is operating at the current time. Most of Teras Resources' value examination focuses on studying past and present price action to predict the probability of Teras Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teras Resources' price. Additionally, you may evaluate how the addition of Teras Resources to your portfolios can decrease your overall portfolio volatility.