Tnr Gold Corp Stock Market Value
| TNR Stock | CAD 0.05 0.00 0.00% |
| Symbol | TNR |
TNR Gold Corp Price To Book Ratio
TNR 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 TNR 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 TNR Gold.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in TNR Gold on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding TNR Gold Corp or generate 0.0% return on investment in TNR Gold over 720 days. TNR Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States and C... More
TNR 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 TNR 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 TNR Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.54 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 20.2 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
TNR Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TNR Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TNR Gold's standard deviation. In reality, there are many statistical measures that can use TNR Gold historical prices to predict the future TNR Gold's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.0937 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0024 | |||
| Treynor Ratio | (0.36) |
TNR Gold Corp Backtested Returns
At this stage we consider TNR Stock to be out of control. TNR Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0216, which indicates the firm had a 0.0216% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for TNR Gold Corp, which you can use to evaluate the volatility of the company. Please validate TNR Gold's risk adjusted performance of 0.0236, and Coefficient Of Variation of 4737.82 to confirm if the risk estimate we provide is consistent with the expected return of 0.0952%. TNR Gold has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TNR Gold are expected to decrease at a much lower rate. During the bear market, TNR Gold is likely to outperform the market. TNR Gold Corp presently has a risk of 4.41%. Please validate TNR Gold value at risk, as well as the relationship between the expected short fall and day median price , to decide if TNR Gold will be following its existing price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
TNR Gold Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between TNR Gold time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 TNR Gold Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current TNR Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TNR Gold Corp lagged returns against current returns
Autocorrelation, which is TNR 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 TNR Gold's stock expected returns. We can calculate the autocorrelation of TNR Gold returns to help us make a trade decision. For example, suppose you find that TNR 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 |
| Timeline |
TNR 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 TNR Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TNR Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TNR Gold stock over time.
Current vs Lagged Prices |
| Timeline |
TNR Gold Lagged Returns
When evaluating TNR Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TNR Gold stock have on its future price. TNR 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, TNR Gold autocorrelation shows the relationship between TNR Gold stock current value and its past values and can show if there is a momentum factor associated with investing in TNR Gold Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TNR Stock Analysis
When running TNR Gold's price analysis, check to measure TNR 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 TNR Gold is operating at the current time. Most of TNR Gold's value examination focuses on studying past and present price action to predict the probability of TNR 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 TNR Gold's price. Additionally, you may evaluate how the addition of TNR Gold to your portfolios can decrease your overall portfolio volatility.