Tinka Resources Limited Stock Market Value
| TKRFF Stock | USD 0.07 0.0006 0.86% |
| Symbol | Tinka |
Tinka 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 Tinka Resources' 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 Tinka Resources.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Tinka Resources on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tinka Resources Limited or generate 0.0% return on investment in Tinka Resources over 30 days. Tinka Resources is related to or competes with Pampa Metals, Progressive Planet, Americas Silver, Amarc Resources, and Mundoro Capital. Tinka Resources Limited, a junior mineral exploration company, engages in the acquisition and exploration of base and pr... More
Tinka 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 Tinka Resources' 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 Tinka Resources Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.78 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Tinka Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tinka Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tinka Resources' standard deviation. In reality, there are many statistical measures that can use Tinka Resources historical prices to predict the future Tinka Resources' volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.1563 | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
Tinka Resources Backtested Returns
Tinka Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0268, which indicates the firm had a -0.0268% return per unit of risk over the last 3 months. Tinka Resources Limited exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tinka Resources' Semi Deviation of 4.82, coefficient of variation of 29769.84, and Risk Adjusted Performance of 0.0114 to confirm the risk estimate we provide. The entity has a beta of -1.4, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Tinka Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Tinka Resources is expected to outperform it. At this point, Tinka Resources has a negative expected return of -0.18%. Please make sure to validate Tinka Resources' maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Tinka Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Tinka Resources Limited has poor predictability. Overlapping area represents the amount of predictability between Tinka Resources time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 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 Tinka Resources price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Tinka Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tinka Resources lagged returns against current returns
Autocorrelation, which is Tinka Resources 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 Tinka Resources' otc stock expected returns. We can calculate the autocorrelation of Tinka Resources returns to help us make a trade decision. For example, suppose you find that Tinka Resources 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 |
Tinka 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 Tinka Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tinka Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tinka Resources otc stock over time.
Current vs Lagged Prices |
| Timeline |
Tinka Resources Lagged Returns
When evaluating Tinka Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tinka Resources otc stock have on its future price. Tinka 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, Tinka Resources autocorrelation shows the relationship between Tinka Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Tinka Resources Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tinka OTC Stock
Tinka Resources financial ratios help investors to determine whether Tinka 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 Tinka with respect to the benefits of owning Tinka Resources security.