Tritax Big (UK) Market Value
| BBOX Stock | 134.40 1.70 1.25% |
| Symbol | Tritax |
Tritax Big '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 Tritax Big'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 Tritax Big.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Tritax Big on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Tritax Big Box or generate 0.0% return on investment in Tritax Big over 30 days. Tritax Big is related to or competes with Derwent London, Hammerson PLC, Workspace Group, Supermarket Income, DS Smith, Rolls Royce, and Bank of Georgia. Tritax Big is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Tritax Big 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 Tritax Big'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 Tritax Big Box upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 1.98 |
Tritax Big Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tritax Big's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tritax Big's standard deviation. In reality, there are many statistical measures that can use Tritax Big historical prices to predict the future Tritax Big's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.56) |
Tritax Big Box Backtested Returns
Tritax Big Box owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Tritax Big Box exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tritax Big's Risk Adjusted Performance of (0.14), variance of 1.66, and Coefficient Of Variation of (487.28) to confirm the risk estimate we provide. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tritax Big's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tritax Big is expected to be smaller as well. At this point, Tritax Big Box has a negative expected return of -0.3%. Please make sure to validate Tritax Big's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tritax Big Box performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Tritax Big Box has modest reverse predictability. Overlapping area represents the amount of predictability between Tritax Big time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Tritax Big Box price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Tritax Big price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.83 |
Tritax Big Box lagged returns against current returns
Autocorrelation, which is Tritax Big 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 Tritax Big's stock expected returns. We can calculate the autocorrelation of Tritax Big returns to help us make a trade decision. For example, suppose you find that Tritax Big 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 |
Tritax Big 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 Tritax Big stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tritax Big stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tritax Big stock over time.
Current vs Lagged Prices |
| Timeline |
Tritax Big Lagged Returns
When evaluating Tritax Big's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tritax Big stock have on its future price. Tritax Big 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, Tritax Big autocorrelation shows the relationship between Tritax Big stock current value and its past values and can show if there is a momentum factor associated with investing in Tritax Big Box.
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 Tritax Stock Analysis
When running Tritax Big's price analysis, check to measure Tritax Big'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 Tritax Big is operating at the current time. Most of Tritax Big's value examination focuses on studying past and present price action to predict the probability of Tritax Big's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tritax Big's price. Additionally, you may evaluate how the addition of Tritax Big to your portfolios can decrease your overall portfolio volatility.