TRADEDOUBLER (Germany) Market Value
| T1D Stock | 0.28 0.01 3.70% |
| Symbol | TRADEDOUBLER |
TRADEDOUBLER '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 TRADEDOUBLER'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 TRADEDOUBLER.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in TRADEDOUBLER on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding TRADEDOUBLER AB SK or generate 0.0% return on investment in TRADEDOUBLER over 360 days. TRADEDOUBLER is related to or competes with Publicis Groupe, WPP PLC, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. More
TRADEDOUBLER 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 TRADEDOUBLER'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 TRADEDOUBLER AB SK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 22.71 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 8.0 |
TRADEDOUBLER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRADEDOUBLER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRADEDOUBLER's standard deviation. In reality, there are many statistical measures that can use TRADEDOUBLER historical prices to predict the future TRADEDOUBLER's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.23) |
TRADEDOUBLER AB SK Backtested Returns
TRADEDOUBLER AB SK retains Efficiency (Sharpe Ratio) of -0.0106, which indicates the firm had a -0.0106% return per unit of risk over the last 3 months. TRADEDOUBLER exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRADEDOUBLER's standard deviation of 4.64, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TRADEDOUBLER's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRADEDOUBLER is expected to be smaller as well. At this point, TRADEDOUBLER AB SK has a negative expected return of -0.0489%. Please make sure to validate TRADEDOUBLER's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if TRADEDOUBLER AB SK performance from the past will be repeated at future time.
Auto-correlation | -0.07 |
Very weak reverse predictability
TRADEDOUBLER AB SK has very weak reverse predictability. Overlapping area represents the amount of predictability between TRADEDOUBLER time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 TRADEDOUBLER AB SK price movement. The serial correlation of -0.07 indicates that barely 7.0% of current TRADEDOUBLER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRADEDOUBLER AB SK lagged returns against current returns
Autocorrelation, which is TRADEDOUBLER 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 TRADEDOUBLER's stock expected returns. We can calculate the autocorrelation of TRADEDOUBLER returns to help us make a trade decision. For example, suppose you find that TRADEDOUBLER 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 |
TRADEDOUBLER 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 TRADEDOUBLER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRADEDOUBLER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRADEDOUBLER stock over time.
Current vs Lagged Prices |
| Timeline |
TRADEDOUBLER Lagged Returns
When evaluating TRADEDOUBLER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRADEDOUBLER stock have on its future price. TRADEDOUBLER 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, TRADEDOUBLER autocorrelation shows the relationship between TRADEDOUBLER stock current value and its past values and can show if there is a momentum factor associated with investing in TRADEDOUBLER AB SK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TRADEDOUBLER Stock
TRADEDOUBLER financial ratios help investors to determine whether TRADEDOUBLER 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 TRADEDOUBLER with respect to the benefits of owning TRADEDOUBLER security.