Trinity Petroleum Trust Stock Market Value
TTYP Stock | USD 72.00 0.00 0.00% |
Symbol | Trinity |
Trinity 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 Trinity Petroleum'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 Trinity Petroleum.
07/07/2022 |
| 03/28/2024 |
If you would invest 0.00 in Trinity Petroleum on July 7, 2022 and sell it all today you would earn a total of 0.00 from holding Trinity Petroleum Trust or generate 0.0% return on investment in Trinity Petroleum over 630 days. Trinity Petroleum is related to or competes with ConocoPhillips, Canadian Natural, EOG Resources, Pioneer Natural, Occidental Petroleum, Hess, and Citigroup. Trinity Petroleum Trust operates as a royalty trust that owns oil and gas properties in the United States More
Trinity 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 Trinity Petroleum'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 Trinity Petroleum Trust upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.35) | |||
Maximum Drawdown | 3.74 |
Trinity Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinity Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinity Petroleum's standard deviation. In reality, there are many statistical measures that can use Trinity Petroleum historical prices to predict the future Trinity Petroleum's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.14) | |||
Treynor Ratio | 0.6254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trinity 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.
Trinity Petroleum Trust Backtested Returns
Trinity Petroleum Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0684, which indicates the firm had a -0.0684% return per unit of risk over the last 3 months. Trinity Petroleum Trust exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trinity Petroleum's Risk Adjusted Performance of (0.03), variance of 0.2097, and Coefficient Of Variation of (1,830) to confirm the risk estimate we provide. The entity has a beta of -0.056, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trinity Petroleum are expected to decrease at a much lower rate. During the bear market, Trinity Petroleum is likely to outperform the market. Trinity Petroleum Trust has an expected return of -0.0321%. Please make sure to validate Trinity Petroleum variance and rate of daily change , to decide if Trinity Petroleum Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Trinity Petroleum Trust has insignificant reverse predictability. Overlapping area represents the amount of predictability between Trinity Petroleum time series from 7th of July 2022 to 18th of May 2023 and 18th of May 2023 to 28th of March 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 Trinity Petroleum Trust price movement. The serial correlation of -0.19 indicates that over 19.0% of current Trinity Petroleum price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.19 | |
Spearman Rank Test | -0.16 | |
Residual Average | 0.0 | |
Price Variance | 5.93 |
Trinity Petroleum Trust lagged returns against current returns
Autocorrelation, which is Trinity Petroleum 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 Trinity Petroleum's pink sheet expected returns. We can calculate the autocorrelation of Trinity Petroleum returns to help us make a trade decision. For example, suppose you find that Trinity Petroleum 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 |
Trinity 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 Trinity Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinity Petroleum pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinity Petroleum pink sheet over time.
Current vs Lagged Prices |
Timeline |
Trinity Petroleum Lagged Returns
When evaluating Trinity Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinity Petroleum pink sheet have on its future price. Trinity 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, Trinity Petroleum autocorrelation shows the relationship between Trinity Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trinity Petroleum Trust.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Trinity Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Trinity Petroleum's short interest history, or implied volatility extrapolated from Trinity Petroleum options trading.
Currently Active Assets on Macroaxis
Check out Trinity Petroleum Correlation, Trinity Petroleum Volatility and Trinity Petroleum Alpha and Beta module to complement your research on Trinity Petroleum. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Trinity Pink Sheet analysis
When running Trinity Petroleum's price analysis, check to measure Trinity 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 Trinity Petroleum is operating at the current time. Most of Trinity Petroleum's value examination focuses on studying past and present price action to predict the probability of Trinity 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 Trinity Petroleum's price. Additionally, you may evaluate how the addition of Trinity Petroleum to your portfolios can decrease your overall portfolio volatility.
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Trinity Petroleum 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.