Tectonic Metals Stock Market Value
| TETOF Stock | USD 0.03 0.0007 2.08% |
| Symbol | Tectonic |
Tectonic Metals '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 Tectonic Metals' otc 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 Tectonic Metals.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tectonic Metals on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Tectonic Metals or generate 0.0% return on investment in Tectonic Metals over 30 days. Tectonic Metals is related to or competes with Grande Portage, Aurion Resources, and White Gold. Tectonic Metals Inc. engages in the identification, acquisition, and exploration of mineral properties in the United Sta... More
Tectonic Metals 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 Tectonic Metals' otc 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 Tectonic Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 31.76 | |||
| Value At Risk | (7.06) | |||
| Potential Upside | 5.99 |
Tectonic Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tectonic Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tectonic Metals' standard deviation. In reality, there are many statistical measures that can use Tectonic Metals historical prices to predict the future Tectonic Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 0.2614 |
Tectonic Metals Backtested Returns
Tectonic Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0274, which indicates the firm had a -0.0274% return per unit of risk over the last 3 months. Tectonic Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tectonic Metals' Variance of 25.69, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,354) to confirm the risk estimate we provide. The entity has a beta of -0.86, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Tectonic Metals are expected to decrease slowly. On the other hand, during market turmoil, Tectonic Metals is expected to outperform it slightly. At this point, Tectonic Metals has a negative expected return of -0.14%. Please make sure to validate Tectonic Metals' treynor ratio and the relationship between the skewness and period momentum indicator , to decide if Tectonic Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Tectonic Metals has below average predictability. Overlapping area represents the amount of predictability between Tectonic Metals time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Tectonic Metals price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Tectonic Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tectonic Metals lagged returns against current returns
Autocorrelation, which is Tectonic Metals otc 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 Tectonic Metals' otc stock expected returns. We can calculate the autocorrelation of Tectonic Metals returns to help us make a trade decision. For example, suppose you find that Tectonic Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Tectonic Metals 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 Tectonic Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tectonic Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tectonic Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Tectonic Metals Lagged Returns
When evaluating Tectonic Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tectonic Metals otc stock have on its future price. Tectonic Metals 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, Tectonic Metals autocorrelation shows the relationship between Tectonic Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Tectonic Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tectonic OTC Stock
Tectonic Metals financial ratios help investors to determine whether Tectonic OTC 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 Tectonic with respect to the benefits of owning Tectonic Metals security.