Trio Petroleum Corp Stock Market Value
| TPET Stock | 0.89 0.04 4.30% |
| Symbol | Trio |
Trio Petroleum Corp Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trio Petroleum. If investors know Trio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trio Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.40) | Revenue Per Share 0.004 | Return On Assets (0.34) | Return On Equity (1.01) |
The market value of Trio Petroleum Corp is measured differently than its book value, which is the value of Trio that is recorded on the company's balance sheet. Investors also form their own opinion of Trio Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Trio Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trio Petroleum's market value can be influenced by many factors that don't directly affect Trio Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trio Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trio Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trio Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Trio Petroleum '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 Trio Petroleum'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 Trio Petroleum.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Trio Petroleum on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Trio Petroleum Corp or generate 0.0% return on investment in Trio Petroleum over 30 days. Trio Petroleum is related to or competes with Catalent, Fidus Investment, Xtant Medical, Ameriprise Financial, SEI Investments, Bank of New York, and Sonida Senior. Trio Petroleum is entity of United States More
Trio Petroleum 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 Trio Petroleum'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 Trio Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 34.02 | |||
| Value At Risk | (11.94) | |||
| Potential Upside | 9.8 |
Trio Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trio Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trio Petroleum's standard deviation. In reality, there are many statistical measures that can use Trio Petroleum historical prices to predict the future Trio Petroleum's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (2.06) | |||
| Total Risk Alpha | (2.85) | |||
| Treynor Ratio | 44.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trio Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trio Petroleum Corp Backtested Returns
Trio Petroleum Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of risk over the last 3 months. Trio Petroleum Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trio Petroleum's Risk Adjusted Performance of (0.23), variance of 39.69, and Coefficient Of Variation of (306.66) to confirm the risk estimate we provide. The entity has a beta of -0.046, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trio Petroleum are expected to decrease at a much lower rate. During the bear market, Trio Petroleum is likely to outperform the market. At this point, Trio Petroleum Corp has a negative expected return of -1.96%. Please make sure to validate Trio Petroleum's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Trio Petroleum Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Trio Petroleum Corp has below average predictability. Overlapping area represents the amount of predictability between Trio Petroleum time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Trio Petroleum Corp price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Trio Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trio Petroleum Corp lagged returns against current returns
Autocorrelation, which is Trio Petroleum 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 Trio Petroleum's stock expected returns. We can calculate the autocorrelation of Trio Petroleum returns to help us make a trade decision. For example, suppose you find that Trio Petroleum 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 |
Trio Petroleum 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 Trio Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trio Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trio Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Trio Petroleum Lagged Returns
When evaluating Trio Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trio Petroleum stock have on its future price. Trio Petroleum 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, Trio Petroleum autocorrelation shows the relationship between Trio Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Trio Petroleum Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Trio Stock Analysis
When running Trio Petroleum's price analysis, check to measure Trio Petroleum'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 Trio Petroleum is operating at the current time. Most of Trio Petroleum's value examination focuses on studying past and present price action to predict the probability of Trio Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Petroleum's price. Additionally, you may evaluate how the addition of Trio Petroleum to your portfolios can decrease your overall portfolio volatility.