Tarku Resources Stock Market Value
| TKU Stock | CAD 0.03 0.01 20.00% |
| Symbol | Tarku |
Tarku Resources '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 Tarku Resources' 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 Tarku Resources.
| 10/17/2022 |
| 05/09/2024 |
If you would invest 0.00 in Tarku Resources on October 17, 2022 and sell it all today you would earn a total of 0.00 from holding Tarku Resources or generate 0.0% return on investment in Tarku Resources over 570 days. Tarku Resources is related to or competes with QC Copper, Economic Investment, AGF Management, and Western Investment. Tarku Resources Ltd., an exploration company, engages in the discovery and exploration of precious, base, and strategic ... More
Tarku Resources 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 Tarku Resources' 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 Tarku Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.09 | |||
| Information Ratio | 0.0492 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Tarku Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tarku Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tarku Resources' standard deviation. In reality, there are many statistical measures that can use Tarku Resources historical prices to predict the future Tarku Resources' volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.664 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | (4.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tarku Resources' 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.
Tarku Resources Backtested Returns
Tarku Resources appears to be out of control, given 3 months investment horizon. Tarku Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0822, which indicates the firm had a 0.0822% return per unit of risk over the last 3 months. By inspecting Tarku Resources' technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Tarku Resources' Coefficient Of Variation of 1763.38, risk adjusted performance of 0.0446, and Semi Deviation of 8.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tarku Resources holds a performance score of 6. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tarku Resources are expected to decrease at a much lower rate. During the bear market, Tarku Resources is likely to outperform the market. Please check Tarku Resources' potential upside, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Tarku Resources' existing price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Tarku Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Tarku Resources time series from 17th of October 2022 to 29th of July 2023 and 29th of July 2023 to 9th of May 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 Tarku Resources price movement. The serial correlation of -0.46 indicates that about 46.0% of current Tarku Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tarku Resources lagged returns against current returns
Autocorrelation, which is Tarku Resources 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 Tarku Resources' stock expected returns. We can calculate the autocorrelation of Tarku Resources returns to help us make a trade decision. For example, suppose you find that Tarku Resources 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 |
Tarku Resources 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 Tarku Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tarku Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tarku Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Tarku Resources Lagged Returns
When evaluating Tarku Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tarku Resources stock have on its future price. Tarku Resources 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, Tarku Resources autocorrelation shows the relationship between Tarku Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Tarku Resources.
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 Tarku Resources 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, Tarku Resources' short interest history, or implied volatility extrapolated from Tarku Resources options trading.
Currently Active Assets on Macroaxis
Check out Tarku Resources Correlation, Tarku Resources Volatility and Tarku Resources Alpha and Beta module to complement your research on Tarku Resources. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Tarku Stock analysis
When running Tarku Resources' price analysis, check to measure Tarku Resources' 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 Tarku Resources is operating at the current time. Most of Tarku Resources' value examination focuses on studying past and present price action to predict the probability of Tarku Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tarku Resources' price. Additionally, you may evaluate how the addition of Tarku Resources to your portfolios can decrease your overall portfolio volatility.
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Tarku Resources technical stock 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, stock market cycles, or different charting patterns.