Turquoise Stock Market Value

TRQ
 Stock
  

USD 31.50  0.03  0.1%   

Turquoise Hill's market value is the price at which a share of Turquoise Hill stock trades on a public exchange. It measures the collective expectations of Turquoise Hill Resources investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Turquoise Hill Resources and determine expected loss or profit from investing in Turquoise Hill over a given investment horizon. Additionally, take a look at Turquoise Hill Correlation, Turquoise Hill Volatility and Turquoise Hill Alpha and Beta module to complement your research on Turquoise Hill.
Symbol


Is Turquoise Hill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turquoise Hill. If investors know Turquoise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turquoise Hill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.16) 
Market Capitalization
6.4 B
Quarterly Revenue Growth YOY
(0.41) 
Return On Assets
0.0225
Return On Equity
0.0746
The market value of Turquoise Hill Resources is measured differently than its book value, which is the value of Turquoise that is recorded on the company's balance sheet. Investors also form their own opinion of Turquoise Hill's value that differs from its market value or its book value, called intrinsic value, which is Turquoise Hill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turquoise Hill's market value can be influenced by many factors that don't directly affect Turquoise Hill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turquoise Hill's value and its price as these two are different measures arrived at by different means. Investors typically determine Turquoise Hill value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turquoise Hill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Turquoise Hill '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 Turquoise Hill'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 Turquoise Hill.
0.00
06/04/2022
No Change 0.00  0.0 
In 5 months and 30 days
12/01/2022
0.00
If you would invest  0.00  in Turquoise Hill on June 4, 2022 and sell it all today you would earn a total of 0.00 from holding Turquoise Hill Resources or generate 0.0% return on investment in Turquoise Hill over 180 days. Turquoise Hill is related to or competes with Coca Cola. Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company More

Turquoise Hill 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 Turquoise Hill'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 Turquoise Hill Resources upside and downside potential and time the market with a certain degree of confidence.

Turquoise Hill Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Turquoise Hill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turquoise Hill's standard deviation. In reality, there are many statistical measures that can use Turquoise Hill historical prices to predict the future Turquoise Hill's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Turquoise Hill'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. Please use the tools below to analyze the current value of Turquoise Hill in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
29.6931.4733.25
Details
Intrinsic
Valuation
LowReal ValueHigh
18.7420.5234.62
Details
Naive
Forecast
LowNext ValueHigh
28.6530.4232.20
Details
1 Analysts
Consensus
LowTarget PriceHigh
3.903.903.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Turquoise Hill. Your research has to be compared to or analyzed against Turquoise Hill's peers to derive any actionable benefits. When done correctly, Turquoise Hill's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Turquoise Hill Resources.

Turquoise Hill Resources Backtested Returns

We consider Turquoise Hill very steady. Turquoise Hill Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.032, which indicates the firm had 0.032% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Turquoise Hill Resources, which you can use to evaluate the future volatility of the company. Please validate Turquoise Hill Semi Deviation of 1.13, coefficient of variation of 1194.29, and Risk Adjusted Performance of 0.1286 to confirm if the risk estimate we provide is consistent with the expected return of 0.0563%.
Turquoise Hill has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.2306, which indicates not very significant fluctuations relative to the market. Let's try to break down what Turquoise's beta means in this case. As returns on the market increase, Turquoise Hill returns are expected to increase less than the market. However, during the bear market, the loss on holding Turquoise Hill will be expected to be smaller as well. Although it is important to respect Turquoise Hill Resources current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Turquoise Hill Resources technical indicators, you can presently evaluate if the expected return of 0.0563% will be sustainable into the future. Turquoise Hill Resources right now has a risk of 1.76%. Please validate Turquoise Hill total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power to decide if Turquoise Hill will be following its existing price patterns.

Auto-correlation

    
  0.38  

Below average predictability

Turquoise Hill Resources has below average predictability. Overlapping area represents the amount of predictability between Turquoise Hill time series from 4th of June 2022 to 2nd of September 2022 and 2nd of September 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Turquoise Hill Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Turquoise Hill price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.23
Residual Average0.0
Price Variance1.18

Turquoise Hill Resources lagged returns against current returns

Autocorrelation, which is Turquoise Hill 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 Turquoise Hill's stock expected returns. We can calculate the autocorrelation of Turquoise Hill returns to help us make a trade decision. For example, suppose you find that Turquoise Hill stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Turquoise Hill 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 Turquoise Hill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turquoise Hill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turquoise Hill stock over time.
   Current vs Lagged Prices   
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       Timeline  

Turquoise Hill Lagged Returns

When evaluating Turquoise Hill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turquoise Hill stock have on its future price. Turquoise Hill 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, Turquoise Hill autocorrelation shows the relationship between Turquoise Hill stock current value and its past values and can show if there is a momentum factor associated with investing in Turquoise Hill Resources.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Turquoise Hill without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Turquoise Hill Correlation, Turquoise Hill Volatility and Turquoise Hill Alpha and Beta module to complement your research on Turquoise Hill. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for analysis

When running Turquoise Hill Resources price analysis, check to measure Turquoise Hill'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 Turquoise Hill is operating at the current time. Most of Turquoise Hill's value examination focuses on studying past and present price action to predict the probability of Turquoise Hill's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Turquoise Hill's price. Additionally, you may evaluate how the addition of Turquoise Hill to your portfolios can decrease your overall portfolio volatility.
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Turquoise Hill 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.
A focus of Turquoise Hill technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Turquoise Hill trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...