Terrascend Corp Stock Market Value
| TSND Stock | 1.22 0.17 16.19% |
| Symbol | TerrAscend |
TerrAscend Corp Price To Book Ratio
TerrAscend Corp '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 TerrAscend Corp'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 TerrAscend Corp.
| 05/16/2025 |
| 08/14/2025 |
If you would invest 0.00 in TerrAscend Corp on May 16, 2025 and sell it all today you would earn a total of 0.00 from holding TerrAscend Corp or generate 0.0% return on investment in TerrAscend Corp over 90 days. TerrAscend Corp is related to or competes with Osisko Metals, Reliq Health, Lion One, Andean Precious, Precious Metals, WELL Health, and DRI Healthcare. TerrAscend Corp is entity of Canada. It is traded as Stock on TO exchange. More
TerrAscend Corp 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 TerrAscend Corp'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 TerrAscend Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.18 | |||
| Information Ratio | 0.1855 | |||
| Maximum Drawdown | 37.25 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 15.38 |
TerrAscend Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TerrAscend Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TerrAscend Corp's standard deviation. In reality, there are many statistical measures that can use TerrAscend Corp historical prices to predict the future TerrAscend Corp's volatility.| Risk Adjusted Performance | 0.1687 | |||
| Jensen Alpha | 1.72 | |||
| Total Risk Alpha | 0.3816 | |||
| Sortino Ratio | 0.2151 | |||
| Treynor Ratio | (3.93) |
TerrAscend Corp Backtested Returns
TerrAscend Corp is abnormally volatile given 3 months investment horizon. TerrAscend Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2 % return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.7% are justified by taking the suggested risk. Use TerrAscend Corp Risk Adjusted Performance of 0.1687, coefficient of variation of 496.43, and Semi Deviation of 5.41 to evaluate company specific risk that cannot be diversified away. TerrAscend Corp holds a performance score of 16 on a scale of zero to a hundred. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TerrAscend Corp are expected to decrease at a much lower rate. During the bear market, TerrAscend Corp is likely to outperform the market. Use TerrAscend Corp maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on TerrAscend Corp.
Auto-correlation | -0.58 |
Good reverse predictability
TerrAscend Corp has good reverse predictability. Overlapping area represents the amount of predictability between TerrAscend Corp time series from 16th of May 2025 to 30th of June 2025 and 30th of June 2025 to 14th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TerrAscend Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current TerrAscend Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TerrAscend Corp lagged returns against current returns
Autocorrelation, which is TerrAscend Corp 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 TerrAscend Corp's stock expected returns. We can calculate the autocorrelation of TerrAscend Corp returns to help us make a trade decision. For example, suppose you find that TerrAscend Corp 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 |
TerrAscend Corp 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 TerrAscend Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TerrAscend Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TerrAscend Corp stock over time.
Current vs Lagged Prices |
| Timeline |
TerrAscend Corp Lagged Returns
When evaluating TerrAscend Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TerrAscend Corp stock have on its future price. TerrAscend Corp 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, TerrAscend Corp autocorrelation shows the relationship between TerrAscend Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TerrAscend Corp.
Regressed Prices |
| Timeline |
Pair Trading with TerrAscend Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TerrAscend Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TerrAscend Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with TerrAscend Stock
| 0.7 | SCD | Scandium Canada | PairCorr |
| 0.61 | TIN | Tincorp Metals Earnings Call This Week | PairCorr |
| 0.69 | LI | American Lithium Corp | PairCorr |
The ability to find closely correlated positions to TerrAscend Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TerrAscend Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TerrAscend Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TerrAscend Corp to buy it.
The correlation of TerrAscend Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TerrAscend Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TerrAscend Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TerrAscend Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TerrAscend Stock
TerrAscend Corp financial ratios help investors to determine whether TerrAscend Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TerrAscend with respect to the benefits of owning TerrAscend Corp security.