Talon Metals Corp Stock Market Value
| TLO Stock | CAD 0.09 0.01 5.56% |
| Symbol | Talon |
Talon Metals Corp Price To Book Ratio
Talon 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 Talon Metals' 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 Talon Metals.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Talon Metals on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Talon Metals Corp or generate 0.0% return on investment in Talon Metals over 60 days. Talon Metals is related to or competes with Canada Nickel, FPX Nickel, and Frontier Lithium. Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties More
Talon 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 Talon Metals' 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 Talon Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Talon Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talon Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talon Metals' standard deviation. In reality, there are many statistical measures that can use Talon Metals historical prices to predict the future Talon Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.40) |
Talon Metals Corp Backtested Returns
Talon Metals Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.027, which indicates the firm had a -0.027% return per unit of risk over the last 3 months. Talon Metals Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Talon Metals' Risk Adjusted Performance of (0.01), coefficient of variation of (4,479), and Variance of 26.68 to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Talon Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Talon Metals is expected to be smaller as well. At this point, Talon Metals Corp has a negative expected return of -0.14%. Please make sure to validate Talon Metals' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Talon Metals Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Talon Metals Corp has good reverse predictability. Overlapping area represents the amount of predictability between Talon Metals time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Talon Metals Corp price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Talon Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talon Metals Corp lagged returns against current returns
Autocorrelation, which is Talon Metals 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 Talon Metals' stock expected returns. We can calculate the autocorrelation of Talon Metals returns to help us make a trade decision. For example, suppose you find that Talon Metals 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 |
Talon 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 Talon Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talon Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talon Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Talon Metals Lagged Returns
When evaluating Talon Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talon Metals stock have on its future price. Talon 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, Talon Metals autocorrelation shows the relationship between Talon Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Talon Metals Corp.
Regressed Prices |
| Timeline |
Pair Trading with Talon Metals
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 Talon Metals 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 Talon Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Talon Stock
The ability to find closely correlated positions to Talon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talon Metals 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 Talon Metals - 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 Talon Metals Corp to buy it.
The correlation of Talon Metals 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 Talon Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talon Metals Corp 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 Talon Metals 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 Talon Stock
Talon Metals financial ratios help investors to determine whether Talon 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 Talon with respect to the benefits of owning Talon Metals security.