TCM (Denmark) Market Value
| TCM Stock | DKK 73.20 1.20 1.61% |
| Symbol | TCM |
TCM '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 TCM'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 TCM.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in TCM on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding TCM Group or generate 0.0% return on investment in TCM over 90 days. TCM is related to or competes with Solar AS, Per Aarsleff, Matas AS, North Media, and HusCompagniet. TCM Group AS engages in the manufacture and sale of kitchen and furniture products for bathrooms and storage in Denmark ... More
TCM 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 TCM'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 TCM Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.1466 | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.26 |
TCM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCM's standard deviation. In reality, there are many statistical measures that can use TCM historical prices to predict the future TCM's volatility.| Risk Adjusted Performance | 0.0951 | |||
| Jensen Alpha | 0.2399 | |||
| Total Risk Alpha | 0.4974 | |||
| Sortino Ratio | 0.1646 | |||
| Treynor Ratio | 1.08 |
TCM Group Backtested Returns
TCM appears to be very steady, given 3 months investment horizon. TCM Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the company had a 0.11 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for TCM Group, which you can use to evaluate the volatility of the entity. Please review TCM's Market Risk Adjusted Performance of 1.09, risk adjusted performance of 0.0951, and Downside Deviation of 1.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TCM holds a performance score of 8. The firm has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TCM's returns are expected to increase less than the market. However, during the bear market, the loss of holding TCM is expected to be smaller as well. Please check TCM's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether TCM's existing price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
TCM Group has poor predictability. Overlapping area represents the amount of predictability between TCM 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 TCM Group price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current TCM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 12.02 |
TCM Group lagged returns against current returns
Autocorrelation, which is TCM 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 TCM's stock expected returns. We can calculate the autocorrelation of TCM returns to help us make a trade decision. For example, suppose you find that TCM 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 |
TCM 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 TCM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCM stock over time.
Current vs Lagged Prices |
| Timeline |
TCM Lagged Returns
When evaluating TCM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCM stock have on its future price. TCM 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, TCM autocorrelation shows the relationship between TCM stock current value and its past values and can show if there is a momentum factor associated with investing in TCM Group.
Regressed Prices |
| Timeline |
Pair Trading with TCM
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TCM position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TCM will appreciate offsetting losses from the drop in the long position's value.Moving against TCM Stock
The ability to find closely correlated positions to TCM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TCM when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TCM - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TCM Group to buy it.
The correlation of TCM is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TCM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TCM Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TCM can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TCM Stock
TCM financial ratios help investors to determine whether TCM 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 TCM with respect to the benefits of owning TCM security.