Terravest Capital Stock Market Value
| TVK Stock | CAD 116.08 1.08 0.94% |
| Symbol | Terravest |
Terravest Capital Price To Book Ratio
Terravest Capital '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 Terravest Capital'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 Terravest Capital.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Terravest Capital on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Terravest Capital or generate 0.0% return on investment in Terravest Capital over 720 days. Terravest Capital is related to or competes with Sangoma Technologies, Data Communications, Aya Gold, Vizsla Silver, Evertz Technologies, and Wishpond Technologies. TerraVest Industries Inc., together with its subsidiaries, manufactures and sells goods and services to energy, agricult... More
Terravest Capital 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 Terravest Capital'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 Terravest Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.1042 | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 4.31 |
Terravest Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terravest Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terravest Capital's standard deviation. In reality, there are many statistical measures that can use Terravest Capital historical prices to predict the future Terravest Capital's volatility.| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 0.2354 | |||
| Total Risk Alpha | 0.049 | |||
| Sortino Ratio | 0.1189 | |||
| Treynor Ratio | 0.5962 |
Terravest Capital Backtested Returns
Terravest Capital appears to be very steady, given 3 months investment horizon. Terravest Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Terravest Capital, which you can use to evaluate the volatility of the company. Please review Terravest Capital's Semi Deviation of 1.24, coefficient of variation of 590.43, and Risk Adjusted Performance of 0.1348 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Terravest Capital holds a performance score of 14. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Terravest Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Terravest Capital is expected to be smaller as well. Please check Terravest Capital's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Terravest Capital's existing price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Terravest Capital has very good predictability. Overlapping area represents the amount of predictability between Terravest Capital time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Terravest Capital price movement. The serial correlation of 0.85 indicates that around 85.0% of current Terravest Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 485.53 |
Terravest Capital lagged returns against current returns
Autocorrelation, which is Terravest Capital 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 Terravest Capital's stock expected returns. We can calculate the autocorrelation of Terravest Capital returns to help us make a trade decision. For example, suppose you find that Terravest Capital 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 |
Terravest Capital 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 Terravest Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terravest Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terravest Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Terravest Capital Lagged Returns
When evaluating Terravest Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terravest Capital stock have on its future price. Terravest Capital 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, Terravest Capital autocorrelation shows the relationship between Terravest Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Terravest Capital.
Regressed Prices |
| Timeline |
Pair Trading with Terravest Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Terravest Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Terravest Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Terravest Stock
Moving against Terravest Stock
| 0.88 | DII-B | Dorel Industries | PairCorr |
| 0.84 | TC | Tucows Inc | PairCorr |
| 0.83 | SLF-PH | Sun Lif Non | PairCorr |
| 0.41 | SAGE | Sage Potash Corp | PairCorr |
| 0.37 | AIM | Aimia Inc | PairCorr |
The ability to find closely correlated positions to Terravest Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Terravest Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Terravest Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Terravest Capital to buy it.
The correlation of Terravest Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Terravest Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Terravest Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Terravest Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Terravest Stock
Terravest Capital financial ratios help investors to determine whether Terravest 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 Terravest with respect to the benefits of owning Terravest Capital security.