Takix Stock Market Value
| TAKIX Stock | USD 8.56 0.00 0.00% |
| Symbol | TAKIX |
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TAKIX. If investors know TAKIX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TAKIX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of TAKIX is measured differently than its book value, which is the value of TAKIX that is recorded on the company's balance sheet. Investors also form their own opinion of TAKIX's value that differs from its market value or its book value, called intrinsic value, which is TAKIX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TAKIX's market value can be influenced by many factors that don't directly affect TAKIX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TAKIX's value and its price as these two are different measures arrived at by different means. Investors typically determine if TAKIX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TAKIX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TAKIX '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 TAKIX'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 TAKIX.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in TAKIX on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding TAKIX or generate 0.0% return on investment in TAKIX over 30 days. TAKIX is related to or competes with Park Electrochemical, Mesa Air, United Airlines, and Saia. TAKIX is entity of United States. It is traded as Stock on NMFQS exchange. More
TAKIX 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 TAKIX'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 TAKIX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.80) | |||
| Maximum Drawdown | 0.2338 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.1166 |
TAKIX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAKIX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAKIX's standard deviation. In reality, there are many statistical measures that can use TAKIX historical prices to predict the future TAKIX's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 9.66 |
TAKIX Backtested Returns
TAKIX owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0744, which indicates the company had a -0.0744 % return per unit of volatility over the last 3 months. TAKIX exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TAKIX's Standard Deviation of 0.05, risk adjusted performance of (0.22), and Market Risk Adjusted Performance of 9.67 to confirm the risk estimate we provide. The firm has a beta of -0.0014, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TAKIX are expected to decrease at a much lower rate. During the bear market, TAKIX is likely to outperform the market. At this point, TAKIX has a negative expected return of -0.0039%. Please make sure to validate TAKIX's information ratio and kurtosis , to decide if TAKIX performance from the past will be repeated in the future.
Auto-correlation | -0.57 |
Good reverse predictability
TAKIX has good reverse predictability. Overlapping area represents the amount of predictability between TAKIX time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 TAKIX price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current TAKIX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAKIX lagged returns against current returns
Autocorrelation, which is TAKIX 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 TAKIX's stock expected returns. We can calculate the autocorrelation of TAKIX returns to help us make a trade decision. For example, suppose you find that TAKIX 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 |
TAKIX 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 TAKIX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAKIX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAKIX stock over time.
Current vs Lagged Prices |
| Timeline |
TAKIX Lagged Returns
When evaluating TAKIX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAKIX stock have on its future price. TAKIX 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, TAKIX autocorrelation shows the relationship between TAKIX stock current value and its past values and can show if there is a momentum factor associated with investing in TAKIX.
Regressed Prices |
| Timeline |
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When running TAKIX's price analysis, check to measure TAKIX'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 TAKIX is operating at the current time. Most of TAKIX's value examination focuses on studying past and present price action to predict the probability of TAKIX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAKIX's price. Additionally, you may evaluate how the addition of TAKIX to your portfolios can decrease your overall portfolio volatility.