Tabcorp Holdings (Australia) Market Value
| TAH Stock | 0.64 0.01 1.59% |
| Symbol | Tabcorp |
Tabcorp Holdings '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 Tabcorp Holdings' 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 Tabcorp Holdings.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tabcorp Holdings on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tabcorp Holdings or generate 0.0% return on investment in Tabcorp Holdings over 90 days. Tabcorp Holdings is related to or competes with Apiam Animal, Ainsworth Game, Dug Technology, Technology One, Homeco Daily, and Australian Unity. Tabcorp Holdings is entity of Australia. It is traded as Stock on AU exchange. More
Tabcorp Holdings 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 Tabcorp Holdings' 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 Tabcorp Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 5.88 |
Tabcorp Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tabcorp Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tabcorp Holdings' standard deviation. In reality, there are many statistical measures that can use Tabcorp Holdings historical prices to predict the future Tabcorp Holdings' volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.2638 | |||
| Total Risk Alpha | 0.5698 | |||
| Sortino Ratio | 0.1278 | |||
| Treynor Ratio | 0.7087 |
Tabcorp Holdings Backtested Returns
Tabcorp Holdings appears to be extremely dangerous, given 3 months investment horizon. Tabcorp Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0725, which indicates the firm had a 0.0725 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Tabcorp Holdings, which you can use to evaluate the volatility of the company. Please review Tabcorp Holdings' Semi Deviation of 1.99, coefficient of variation of 1141.72, and Risk Adjusted Performance of 0.0831 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tabcorp Holdings holds a performance score of 5. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tabcorp Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tabcorp Holdings is expected to be smaller as well. Please check Tabcorp Holdings' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Tabcorp Holdings' existing price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Tabcorp Holdings has very weak predictability. Overlapping area represents the amount of predictability between Tabcorp Holdings time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Tabcorp Holdings price movement. The serial correlation of 0.17 indicates that over 17.0% of current Tabcorp Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tabcorp Holdings lagged returns against current returns
Autocorrelation, which is Tabcorp Holdings 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 Tabcorp Holdings' stock expected returns. We can calculate the autocorrelation of Tabcorp Holdings returns to help us make a trade decision. For example, suppose you find that Tabcorp Holdings 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 |
Tabcorp Holdings 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 Tabcorp Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tabcorp Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tabcorp Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Tabcorp Holdings Lagged Returns
When evaluating Tabcorp Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tabcorp Holdings stock have on its future price. Tabcorp Holdings 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, Tabcorp Holdings autocorrelation shows the relationship between Tabcorp Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Tabcorp Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tabcorp Stock Analysis
When running Tabcorp Holdings' price analysis, check to measure Tabcorp Holdings' 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 Tabcorp Holdings is operating at the current time. Most of Tabcorp Holdings' value examination focuses on studying past and present price action to predict the probability of Tabcorp Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tabcorp Holdings' price. Additionally, you may evaluate how the addition of Tabcorp Holdings to your portfolios can decrease your overall portfolio volatility.