Triumph Gold Corp Stock Market Value
| TIG Stock | CAD 0.20 0.02 9.09% |
| Symbol | Triumph |
Triumph Gold Corp Price To Book Ratio
Triumph Gold '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 Triumph Gold'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 Triumph Gold.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Triumph Gold on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Triumph Gold Corp or generate 0.0% return on investment in Triumph Gold over 30 days. Triumph Gold is related to or competes with Gunpoint Exploration. Triumph Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of miner... More
Triumph Gold 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 Triumph Gold'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 Triumph Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.67 | |||
| Information Ratio | 0.0196 | |||
| Maximum Drawdown | 41.41 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 12.5 |
Triumph Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Triumph Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Triumph Gold's standard deviation. In reality, there are many statistical measures that can use Triumph Gold historical prices to predict the future Triumph Gold's volatility.| Risk Adjusted Performance | 0.0343 | |||
| Jensen Alpha | 0.2148 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0167 | |||
| Treynor Ratio | 0.7932 |
Triumph Gold Corp Backtested Returns
Triumph Gold appears to be out of control, given 3 months investment horizon. Triumph Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0356, which indicates the firm had a 0.0356% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Triumph Gold Corp, which you can use to evaluate the volatility of the company. Please review Triumph Gold's Semi Deviation of 5.08, risk adjusted performance of 0.0343, and Coefficient Of Variation of 2874.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Triumph Gold holds a performance score of 2. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Triumph Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Triumph Gold is expected to be smaller as well. Please check Triumph Gold's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Triumph Gold's existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Triumph Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Triumph Gold time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Triumph Gold Corp price movement. The serial correlation of -0.18 indicates that over 18.0% of current Triumph Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Triumph Gold Corp lagged returns against current returns
Autocorrelation, which is Triumph Gold 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 Triumph Gold's stock expected returns. We can calculate the autocorrelation of Triumph Gold returns to help us make a trade decision. For example, suppose you find that Triumph Gold 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 |
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Triumph Gold 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 Triumph Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Triumph Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Triumph Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Triumph Gold Lagged Returns
When evaluating Triumph Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Triumph Gold stock have on its future price. Triumph Gold 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, Triumph Gold autocorrelation shows the relationship between Triumph Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Triumph Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Triumph Stock Analysis
When running Triumph Gold's price analysis, check to measure Triumph Gold's 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 Triumph Gold is operating at the current time. Most of Triumph Gold's value examination focuses on studying past and present price action to predict the probability of Triumph Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triumph Gold's price. Additionally, you may evaluate how the addition of Triumph Gold to your portfolios can decrease your overall portfolio volatility.