TCL Corp's market value is the price at which a share of TCL Corp trades on a public exchange. It measures the collective expectations of TCL Corp investors about its performance. TCL Corp is trading at 4.89 as of the 7th of January 2025, a 0.20% increase since the beginning of the trading day. The stock's open price was 4.88. With this module, you can estimate the performance of a buy and hold strategy of TCL Corp and determine expected loss or profit from investing in TCL Corp over a given investment horizon. Check out TCL Corp Correlation, TCL Corp Volatility and TCL Corp Alpha and Beta module to complement your research on TCL Corp.
Please note, there is a significant difference between TCL Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TCL Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TCL Corp'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.
TCL 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 TCL 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 TCL Corp.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TCL 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 TCL Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCL Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCL Corp's standard deviation. In reality, there are many statistical measures that can use TCL Corp historical prices to predict the future TCL Corp's volatility.
TCL Corp appears to be moderately volatile, given 3 months investment horizon. TCL Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0856, which indicates the company had a 0.0856% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for TCL Corp, which you can use to evaluate the volatility of the entity. Please review TCL Corp's Risk Adjusted Performance of 0.0763, market risk adjusted performance of (0.54), and Downside Deviation of 2.03 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TCL Corp holds a performance score of 6. The firm has a beta of -0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TCL Corp are expected to decrease at a much lower rate. During the bear market, TCL Corp is likely to outperform the market. Please check TCL Corp's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether TCL Corp's existing price patterns will revert.
Auto-correlation
-0.77
Almost perfect reverse predictability
TCL Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TCL Corp time series from 12th of April 2024 to 25th of August 2024 and 25th of August 2024 to 7th of January 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 TCL Corp price movement. The serial correlation of -0.77 indicates that around 77.0% of current TCL Corp price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.72
Residual Average
0.0
Price Variance
0.27
TCL Corp lagged returns against current returns
Autocorrelation, which is TCL 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 TCL Corp's stock expected returns. We can calculate the autocorrelation of TCL Corp returns to help us make a trade decision. For example, suppose you find that TCL 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
TCL 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 TCL Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCL Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCL Corp stock over time.
Current vs Lagged Prices
Timeline
TCL Corp Lagged Returns
When evaluating TCL Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCL Corp stock have on its future price. TCL 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, TCL Corp autocorrelation shows the relationship between TCL Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TCL Corp.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
TCL Corp financial ratios help investors to determine whether TCL 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 TCL with respect to the benefits of owning TCL Corp security.