Tristar Gold Stock Market Value
| TSG Stock | CAD 0.12 0.03 33.33% |
| Symbol | Tristar |
Tristar Gold Price To Book Ratio
Tristar 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 Tristar 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 Tristar Gold.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Tristar Gold on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Tristar Gold or generate 0.0% return on investment in Tristar Gold over 720 days. Tristar Gold is related to or competes with Q Gold, and Goldbank Mining. TriStar Gold, Inc. engages in the acquisition, exploration, and development of precious metal prospects in the Americas More
Tristar 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 Tristar 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 Tristar Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 35.26 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Tristar Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tristar Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tristar Gold's standard deviation. In reality, there are many statistical measures that can use Tristar Gold historical prices to predict the future Tristar Gold's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.6546 |
Tristar Gold Backtested Returns
Tristar Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.047, which indicates the firm had a -0.047% return per unit of risk over the last 3 months. Tristar Gold exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tristar Gold's Variance of 74.95, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,179) to confirm the risk estimate we provide. The entity has a beta of -0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tristar Gold are expected to decrease at a much lower rate. During the bear market, Tristar Gold is likely to outperform the market. At this point, Tristar Gold has a negative expected return of -0.41%. Please make sure to validate Tristar Gold's treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Tristar Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Tristar Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Tristar Gold time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Tristar Gold price movement. The serial correlation of -0.22 indicates that over 22.0% of current Tristar Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tristar Gold lagged returns against current returns
Autocorrelation, which is Tristar 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 Tristar Gold's stock expected returns. We can calculate the autocorrelation of Tristar Gold returns to help us make a trade decision. For example, suppose you find that Tristar 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 |
Tristar 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 Tristar Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tristar Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tristar Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Tristar Gold Lagged Returns
When evaluating Tristar Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tristar Gold stock have on its future price. Tristar 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, Tristar Gold autocorrelation shows the relationship between Tristar Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Tristar Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tristar Stock Analysis
When running Tristar Gold's price analysis, check to measure Tristar 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 Tristar Gold is operating at the current time. Most of Tristar Gold's value examination focuses on studying past and present price action to predict the probability of Tristar 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 Tristar Gold's price. Additionally, you may evaluate how the addition of Tristar Gold to your portfolios can decrease your overall portfolio volatility.