Tree Island Steel Stock Market Value
| TSL Stock | CAD 3.11 0.06 1.97% |
| Symbol | Tree |
Tree Island Steel Price To Book Ratio
Tree Island '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 Tree Island'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 Tree Island.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Tree Island on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Tree Island Steel or generate 0.0% return on investment in Tree Island over 360 days. Tree Island is related to or competes with Supremex, Conifex Timber, Exco Technologies, and Taiga Building. Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction... More
Tree Island 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 Tree Island'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 Tree Island Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0293 | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.29 |
Tree Island Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tree Island's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tree Island's standard deviation. In reality, there are many statistical measures that can use Tree Island historical prices to predict the future Tree Island's volatility.| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | 0.249 |
Tree Island Steel Backtested Returns
Tree Island appears to be relatively risky, given 3 months investment horizon. Tree Island Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tree Island Steel, which you can use to evaluate the volatility of the company. Please review Tree Island's Risk Adjusted Performance of 0.0692, semi deviation of 2.42, and Coefficient Of Variation of 1230.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tree Island holds a performance score of 9. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tree Island's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tree Island is expected to be smaller as well. Please check Tree Island's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Tree Island's existing price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Tree Island Steel has modest reverse predictability. Overlapping area represents the amount of predictability between Tree Island time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Tree Island Steel price movement. The serial correlation of -0.48 indicates that about 48.0% of current Tree Island price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tree Island Steel lagged returns against current returns
Autocorrelation, which is Tree Island 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 Tree Island's stock expected returns. We can calculate the autocorrelation of Tree Island returns to help us make a trade decision. For example, suppose you find that Tree Island 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 |
Tree Island 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 Tree Island stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tree Island stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tree Island stock over time.
Current vs Lagged Prices |
| Timeline |
Tree Island Lagged Returns
When evaluating Tree Island's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tree Island stock have on its future price. Tree Island 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, Tree Island autocorrelation shows the relationship between Tree Island stock current value and its past values and can show if there is a momentum factor associated with investing in Tree Island Steel.
Regressed Prices |
| Timeline |
Pair Trading with Tree Island
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tree Island position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tree Island will appreciate offsetting losses from the drop in the long position's value.Moving together with Tree Stock
Moving against Tree Stock
The ability to find closely correlated positions to Tree Island could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tree Island when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tree Island - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tree Island Steel to buy it.
The correlation of Tree Island is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tree Island moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tree Island Steel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tree Island can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Tree Stock
Tree Island financial ratios help investors to determine whether Tree 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 Tree with respect to the benefits of owning Tree Island security.