Toro Energy Limited Stock Market Value
| TOEYF Stock | USD 0.26 0.07 21.21% |
| Symbol | Toro |
Toro Energy '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 Toro Energy's 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 Toro Energy.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Toro Energy on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Toro Energy Limited or generate 0.0% return on investment in Toro Energy over 30 days. Toro Energy is related to or competes with NioCorp Developments, Lithium Americas, Sigma Lithium, Standard Lithium, and MP Materials. Toro Energy Limited engages in the exploration, evaluation, and development of uranium properties in Australia More
Toro Energy 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 Toro Energy's 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 Toro Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.99 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 8.0 |
Toro Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toro Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toro Energy's standard deviation. In reality, there are many statistical measures that can use Toro Energy historical prices to predict the future Toro Energy's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 0.4726 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toro Energy'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.
Toro Energy Limited Backtested Returns
Toro Energy Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0962, which indicates the firm had a -0.0962% return per unit of risk over the last 3 months. Toro Energy Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toro Energy's Risk Adjusted Performance of (0.02), variance of 31.98, and Coefficient Of Variation of (2,284) to confirm the risk estimate we provide. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Toro Energy are expected to decrease at a much lower rate. During the bear market, Toro Energy is likely to outperform the market. Toro Energy Limited has an expected return of -0.54%. Please make sure to validate Toro Energy treynor ratio, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Toro Energy Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Toro Energy Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Toro Energy time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th of April 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 Toro Energy Limited price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Toro Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Toro Energy Limited lagged returns against current returns
Autocorrelation, which is Toro Energy 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 Toro Energy's pink sheet expected returns. We can calculate the autocorrelation of Toro Energy returns to help us make a trade decision. For example, suppose you find that Toro Energy 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 |
Toro Energy 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 Toro Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toro Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toro Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Toro Energy Lagged Returns
When evaluating Toro Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toro Energy pink sheet have on its future price. Toro Energy 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, Toro Energy autocorrelation shows the relationship between Toro Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Toro Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink | |
| XLM | Stellar | |
| CRO | Cronos |
Check out Toro Energy Correlation, Toro Energy Volatility and Toro Energy Alpha and Beta module to complement your research on Toro Energy. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Toro Pink Sheet analysis
When running Toro Energy's price analysis, check to measure Toro Energy'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 Toro Energy is operating at the current time. Most of Toro Energy's value examination focuses on studying past and present price action to predict the probability of Toro Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toro Energy's price. Additionally, you may evaluate how the addition of Toro Energy to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |
Toro Energy technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.