Technology Minerals (UK) Market Value
| TM1 Stock | 0.20 0.05 20.00% |
| Symbol | Technology |
Technology Minerals '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 Technology Minerals' 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 Technology Minerals.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Technology Minerals on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Technology Minerals PLC or generate 0.0% return on investment in Technology Minerals over 720 days. Technology Minerals is related to or competes with Givaudan, Antofagasta PLC, Ferrexpo PLC, Atalaya Mining, Amaroq Minerals, Central Asia, and Anglo Asian. Technology Minerals is entity of United Kingdom More
Technology Minerals 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 Technology Minerals' 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 Technology Minerals PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.07 | |||
| Information Ratio | 0.0934 | |||
| Maximum Drawdown | 175.08 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 20.0 |
Technology Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Minerals' standard deviation. In reality, there are many statistical measures that can use Technology Minerals historical prices to predict the future Technology Minerals' volatility.| Risk Adjusted Performance | 0.0849 | |||
| Jensen Alpha | 1.92 | |||
| Total Risk Alpha | 1.34 | |||
| Sortino Ratio | 0.1102 | |||
| Treynor Ratio | (2.63) |
Technology Minerals PLC Backtested Returns
Technology Minerals is out of control given 3 months investment horizon. Technology Minerals PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.3% are justified by taking the suggested risk. Use Technology Minerals PLC Coefficient Of Variation of 1052.45, semi deviation of 6.64, and Risk Adjusted Performance of 0.0849 to evaluate company specific risk that cannot be diversified away. Technology Minerals holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of -0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Technology Minerals are expected to decrease at a much lower rate. During the bear market, Technology Minerals is likely to outperform the market. Use Technology Minerals PLC sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to analyze future returns on Technology Minerals PLC.
Auto-correlation | 0.03 |
Virtually no predictability
Technology Minerals PLC has virtually no predictability. Overlapping area represents the amount of predictability between Technology Minerals time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Technology Minerals PLC price movement. The serial correlation of 0.03 indicates that only 3.0% of current Technology Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Technology Minerals PLC lagged returns against current returns
Autocorrelation, which is Technology Minerals 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 Technology Minerals' stock expected returns. We can calculate the autocorrelation of Technology Minerals returns to help us make a trade decision. For example, suppose you find that Technology Minerals 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 |
Technology Minerals 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 Technology Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Technology Minerals Lagged Returns
When evaluating Technology Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Minerals stock have on its future price. Technology Minerals 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, Technology Minerals autocorrelation shows the relationship between Technology Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Technology Minerals PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Technology Stock
Technology Minerals financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology Minerals security.