Talon Metals Corp Stock Market Value
| TLO Stock | CAD 0.19 0.01 5.56% |
| Symbol | Talon |
Talon Metals Corp Price To Book Ratio
Talon Metals '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 Talon Metals' 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 Talon Metals.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Talon Metals on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Talon Metals Corp or generate 0.0% return on investment in Talon Metals over 90 days. Talon Metals is related to or competes with ArcWest Exploration, Silver Bull, and Saville Resources. Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties More
Talon Metals 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 Talon Metals' 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 Talon Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.14 | |||
| Information Ratio | 0.0903 | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.33 |
Talon Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talon Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talon Metals' standard deviation. In reality, there are many statistical measures that can use Talon Metals historical prices to predict the future Talon Metals' volatility.| Risk Adjusted Performance | 0.067 | |||
| Jensen Alpha | 0.5026 | |||
| Total Risk Alpha | 0.1659 | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | (4.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Talon Metals' 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.
Talon Metals Corp Backtested Returns
Talon Metals appears to be out of control, given 3 months investment horizon. Talon Metals Corp 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. By inspecting Talon Metals' technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Talon Metals' Risk Adjusted Performance of 0.067, coefficient of variation of 1002.45, and Semi Deviation of 3.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Talon Metals holds a performance score of 9. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Talon Metals are expected to decrease at a much lower rate. During the bear market, Talon Metals is likely to outperform the market. Please check Talon Metals' treynor ratio and the relationship between the downside variance and day median price , to make a quick decision on whether Talon Metals' existing price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Talon Metals Corp has good reverse predictability. Overlapping area represents the amount of predictability between Talon Metals time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Talon Metals Corp price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Talon Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talon Metals Corp lagged returns against current returns
Autocorrelation, which is Talon Metals 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 Talon Metals' stock expected returns. We can calculate the autocorrelation of Talon Metals returns to help us make a trade decision. For example, suppose you find that Talon Metals 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 |
Talon Metals 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 Talon Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talon Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talon Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Talon Metals Lagged Returns
When evaluating Talon Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talon Metals stock have on its future price. Talon Metals 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, Talon Metals autocorrelation shows the relationship between Talon Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Talon Metals Corp.
Regressed Prices |
| Timeline |
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When running Talon Metals' price analysis, check to measure Talon Metals' 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 Talon Metals is operating at the current time. Most of Talon Metals' value examination focuses on studying past and present price action to predict the probability of Talon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Talon Metals' price. Additionally, you may evaluate how the addition of Talon Metals to your portfolios can decrease your overall portfolio volatility.
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Talon Metals 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.