Tecsys Inc Stock Market Value
| TCS Stock | CAD 39.75 0.23 0.58% |
| Symbol | TECSYS |
TECSYS Inc Price To Book Ratio
TECSYS '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 TECSYS'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 TECSYS.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in TECSYS on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding TECSYS Inc or generate 0.0% return on investment in TECSYS over 90 days. TECSYS is related to or competes with Enghouse Systems, Descartes Systems, and Kinaxis. Tecsys Inc. engages in the development, marketing, and sale of supply chain management software for distribution, wareho... More
TECSYS 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 TECSYS'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 TECSYS Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.27 |
TECSYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TECSYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TECSYS's standard deviation. In reality, there are many statistical measures that can use TECSYS historical prices to predict the future TECSYS's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0739 | |||
| Treynor Ratio | (0.25) |
TECSYS Inc Backtested Returns
TECSYS Inc retains Efficiency (Sharpe Ratio) of -0.13, which indicates the firm had a -0.13 % return per unit of volatility over the last 3 months. TECSYS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TECSYS's risk adjusted performance of (0.06), and Standard Deviation of 1.83 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TECSYS's returns are expected to increase less than the market. However, during the bear market, the loss of holding TECSYS is expected to be smaller as well. At this point, TECSYS Inc has a negative expected return of -0.23%. Please make sure to validate TECSYS's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if TECSYS Inc performance from the past will be repeated in the future.
Auto-correlation | -0.36 |
Poor reverse predictability
TECSYS Inc has poor reverse predictability. Overlapping area represents the amount of predictability between TECSYS time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 TECSYS Inc price movement. The serial correlation of -0.36 indicates that just about 36.0% of current TECSYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 5.13 |
TECSYS Inc lagged returns against current returns
Autocorrelation, which is TECSYS 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 TECSYS's stock expected returns. We can calculate the autocorrelation of TECSYS returns to help us make a trade decision. For example, suppose you find that TECSYS 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 |
TECSYS 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 TECSYS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TECSYS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TECSYS stock over time.
Current vs Lagged Prices |
| Timeline |
TECSYS Lagged Returns
When evaluating TECSYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TECSYS stock have on its future price. TECSYS 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, TECSYS autocorrelation shows the relationship between TECSYS stock current value and its past values and can show if there is a momentum factor associated with investing in TECSYS Inc.
Regressed Prices |
| Timeline |
Pair Trading with TECSYS
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 TECSYS 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 TECSYS will appreciate offsetting losses from the drop in the long position's value.Moving against TECSYS Stock
| 0.33 | ASM | Avino Silver Gold Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to TECSYS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TECSYS 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 TECSYS - 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 TECSYS Inc to buy it.
The correlation of TECSYS 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 TECSYS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TECSYS Inc 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 TECSYS 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 TECSYS Stock
TECSYS financial ratios help investors to determine whether TECSYS 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 TECSYS with respect to the benefits of owning TECSYS security.