TronicS Microsystems (France) Market Value
| ALTRO Stock | EUR 5.00 1.36 37.36% |
| Symbol | TronicS |
TronicS Microsystems '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 TronicS Microsystems' 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 TronicS Microsystems.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in TronicS Microsystems on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding TronicS Microsystems SA or generate 0.0% return on investment in TronicS Microsystems over 90 days. TronicS Microsystems is related to or competes with Memscap Regpt, Intrasense, Logic Instrume, Linedata Services, and Sensorion. Tronics Microsystems SA manufactures and sells MEMS devices for various applications in France and internationally More
TronicS Microsystems 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 TronicS Microsystems' 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 TronicS Microsystems SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.12 | |||
| Information Ratio | 0.0773 | |||
| Maximum Drawdown | 77.25 | |||
| Value At Risk | (23.36) | |||
| Potential Upside | 36.82 |
TronicS Microsystems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TronicS Microsystems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TronicS Microsystems' standard deviation. In reality, there are many statistical measures that can use TronicS Microsystems historical prices to predict the future TronicS Microsystems' volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | 0.9755 | |||
| Total Risk Alpha | 2.89 | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | (1.88) |
TronicS Microsystems Backtested Returns
TronicS Microsystems is dangerous given 3 months investment horizon. TronicS Microsystems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0706, which indicates the firm had a 0.0706 % return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use TronicS Microsystems Semi Deviation of 8.96, risk adjusted performance of 0.0709, and Coefficient Of Variation of 1416.38 to evaluate company specific risk that cannot be diversified away. TronicS Microsystems holds a performance score of 5 on a scale of zero to a hundred. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TronicS Microsystems are expected to decrease at a much lower rate. During the bear market, TronicS Microsystems is likely to outperform the market. Use TronicS Microsystems semi variance, and the relationship between the treynor ratio and rate of daily change , to analyze future returns on TronicS Microsystems.
Auto-correlation | -0.21 |
Weak reverse predictability
TronicS Microsystems SA has weak reverse predictability. Overlapping area represents the amount of predictability between TronicS Microsystems time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 TronicS Microsystems price movement. The serial correlation of -0.21 indicates that over 21.0% of current TronicS Microsystems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
TronicS Microsystems lagged returns against current returns
Autocorrelation, which is TronicS Microsystems 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 TronicS Microsystems' stock expected returns. We can calculate the autocorrelation of TronicS Microsystems returns to help us make a trade decision. For example, suppose you find that TronicS Microsystems 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 |
TronicS Microsystems 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 TronicS Microsystems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TronicS Microsystems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TronicS Microsystems stock over time.
Current vs Lagged Prices |
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TronicS Microsystems Lagged Returns
When evaluating TronicS Microsystems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TronicS Microsystems stock have on its future price. TronicS Microsystems 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, TronicS Microsystems autocorrelation shows the relationship between TronicS Microsystems stock current value and its past values and can show if there is a momentum factor associated with investing in TronicS Microsystems SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for TronicS Stock Analysis
When running TronicS Microsystems' price analysis, check to measure TronicS Microsystems' 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 TronicS Microsystems is operating at the current time. Most of TronicS Microsystems' value examination focuses on studying past and present price action to predict the probability of TronicS Microsystems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TronicS Microsystems' price. Additionally, you may evaluate how the addition of TronicS Microsystems to your portfolios can decrease your overall portfolio volatility.