Tritax EuroBox (UK) Market Value
| BOXE Stock | 0.83 0.01 1.22% |
| Symbol | Tritax |
Tritax EuroBox '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 EuroBox'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 EuroBox.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Tritax EuroBox on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Tritax EuroBox PLC or generate 0.0% return on investment in Tritax EuroBox over 30 days. Tritax EuroBox is related to or competes with Derwent London, Hammerson PLC, Workspace Group, Supermarket Income, SoftBank Group, Rolls Royce, and DS Smith. Tritax EuroBox is entity of United Kingdom More
Tritax EuroBox 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 EuroBox'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 EuroBox PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.22 |
Tritax EuroBox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tritax EuroBox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tritax EuroBox's standard deviation. In reality, there are many statistical measures that can use Tritax EuroBox historical prices to predict the future Tritax EuroBox's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.16) |
Tritax EuroBox PLC Backtested Returns
Tritax EuroBox PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0521, which indicates the firm had a -0.0521% return per unit of risk over the last 3 months. Tritax EuroBox PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tritax EuroBox's Risk Adjusted Performance of 0.0013, coefficient of variation of (19,100), and Variance of 2.15 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tritax EuroBox's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tritax EuroBox is expected to be smaller as well. At this point, Tritax EuroBox PLC has a negative expected return of -0.0657%. Please make sure to validate Tritax EuroBox's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Tritax EuroBox PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Tritax EuroBox PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Tritax EuroBox 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 EuroBox PLC price movement. The serial correlation of -0.24 indicates that over 24.0% of current Tritax EuroBox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tritax EuroBox PLC lagged returns against current returns
Autocorrelation, which is Tritax EuroBox 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 EuroBox's stock expected returns. We can calculate the autocorrelation of Tritax EuroBox returns to help us make a trade decision. For example, suppose you find that Tritax EuroBox 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 EuroBox 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 EuroBox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tritax EuroBox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tritax EuroBox stock over time.
Current vs Lagged Prices |
| Timeline |
Tritax EuroBox Lagged Returns
When evaluating Tritax EuroBox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tritax EuroBox stock have on its future price. Tritax EuroBox 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 EuroBox autocorrelation shows the relationship between Tritax EuroBox stock current value and its past values and can show if there is a momentum factor associated with investing in Tritax EuroBox PLC.
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 EuroBox's price analysis, check to measure Tritax EuroBox'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 EuroBox is operating at the current time. Most of Tritax EuroBox's value examination focuses on studying past and present price action to predict the probability of Tritax EuroBox'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 EuroBox's price. Additionally, you may evaluate how the addition of Tritax EuroBox to your portfolios can decrease your overall portfolio volatility.