Tungsten West (UK) Market Value
| TUN Stock | 3.13 0.37 10.57% |
| Symbol | Tungsten |
Tungsten West '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 Tungsten West's 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 Tungsten West.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Tungsten West on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Tungsten West PLC or generate 0.0% return on investment in Tungsten West over 30 days. Tungsten West is related to or competes with Resolute Mining, First, Global Net, Micron Technology, Software Circle, Empire Metals, and AfriTin Mining. Tungsten West is entity of United Kingdom More
Tungsten West 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 Tungsten West's 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 Tungsten West PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.53 | |||
| Information Ratio | 0.0937 | |||
| Maximum Drawdown | 41.09 | |||
| Value At Risk | (10.57) | |||
| Potential Upside | 13.82 |
Tungsten West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tungsten West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tungsten West's standard deviation. In reality, there are many statistical measures that can use Tungsten West historical prices to predict the future Tungsten West's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.6221 | |||
| Total Risk Alpha | 0.5805 | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | 1.02 |
Tungsten West PLC Backtested Returns
Tungsten West appears to be very risky, given 3 months investment horizon. Tungsten West PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0435, which indicates the firm had a 0.0435 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tungsten West PLC, which you can use to evaluate the volatility of the company. Please review Tungsten West's Semi Deviation of 4.87, coefficient of variation of 1042.56, and Risk Adjusted Performance of 0.0794 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tungsten West holds a performance score of 3. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tungsten West's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tungsten West is expected to be smaller as well. Please check Tungsten West's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Tungsten West's existing price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Tungsten West PLC has virtually no predictability. Overlapping area represents the amount of predictability between Tungsten West time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tungsten West PLC price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Tungsten West price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tungsten West PLC lagged returns against current returns
Autocorrelation, which is Tungsten West 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 Tungsten West's stock expected returns. We can calculate the autocorrelation of Tungsten West returns to help us make a trade decision. For example, suppose you find that Tungsten West 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 |
Tungsten West 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 Tungsten West stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tungsten West stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tungsten West stock over time.
Current vs Lagged Prices |
| Timeline |
Tungsten West Lagged Returns
When evaluating Tungsten West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tungsten West stock have on its future price. Tungsten West 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, Tungsten West autocorrelation shows the relationship between Tungsten West stock current value and its past values and can show if there is a momentum factor associated with investing in Tungsten West PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tungsten Stock
Tungsten West financial ratios help investors to determine whether Tungsten Stock 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 Tungsten with respect to the benefits of owning Tungsten West security.