Topaz Resources Stock Market Value
Topaz Resources' market value is the price at which a share of Topaz Resources trades on a public exchange. It measures the collective expectations of Topaz Resources investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Topaz Resources and determine expected loss or profit from investing in Topaz Resources over a given investment horizon. Check out Topaz Resources Correlation, Topaz Resources Volatility and Topaz Resources Alpha and Beta module to complement your research on Topaz Resources.
| Symbol | Topaz |
Topaz 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 Topaz Resources' pink sheet 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 Topaz Resources.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Topaz Resources on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Topaz Resources or generate 0.0% return on investment in Topaz Resources over 30 days. Topaz Resources is related to or competes with Mesa Air, Sabra Healthcare, Freedom Holding, Lindblad Expeditions, Morgan Stanley, Aldel Financial, and Afya. Topaz Resources, Inc. operates as an independent oil and gas company More
Topaz 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 Topaz Resources' pink sheet 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 Topaz Resources upside and downside potential and time the market with a certain degree of confidence.
Topaz Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topaz Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topaz Resources' standard deviation. In reality, there are many statistical measures that can use Topaz Resources historical prices to predict the future Topaz Resources' volatility.Topaz Resources Backtested Returns
We have found zero technical indicators for Topaz Resources, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Topaz Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Topaz Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Topaz Resources time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Topaz Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Topaz Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Topaz Resources lagged returns against current returns
Autocorrelation, which is Topaz Resources pink sheet'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 Topaz Resources' pink sheet expected returns. We can calculate the autocorrelation of Topaz Resources returns to help us make a trade decision. For example, suppose you find that Topaz Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Topaz 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 Topaz Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topaz Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topaz Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Topaz Resources Lagged Returns
When evaluating Topaz Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topaz Resources pink sheet have on its future price. Topaz 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, Topaz Resources autocorrelation shows the relationship between Topaz Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Topaz Resources.
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.Additional Tools for Topaz Pink Sheet Analysis
When running Topaz Resources' price analysis, check to measure Topaz Resources' 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 Topaz Resources is operating at the current time. Most of Topaz Resources' value examination focuses on studying past and present price action to predict the probability of Topaz Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topaz Resources' price. Additionally, you may evaluate how the addition of Topaz Resources to your portfolios can decrease your overall portfolio volatility.