Tecsys Inc Stock Market Value
| TCYSF Stock | USD 30.80 0.25 0.81% |
| Symbol | Tecsys |
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' pink sheet 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.
| 11/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Tecsys on November 20, 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 60 days. Tecsys is related to or competes with NRx Pharmaceuticals, Aerovate Therapeutics, Akari Therapeutics, Armata Pharmaceuticals, Anebulo Pharmaceuticals, Processa Pharmaceuticals, and Inhibikase Therapeutics. Tecsys Inc. engages in the development, marketing, and sale of enterprise-wide supply chain management software and rela... 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' pink sheet 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 | 0.0504 | |||
| Maximum Drawdown | 12.87 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 2.39 |
Tecsys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecsys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecsys' standard deviation. In reality, there are many statistical measures that can use Tecsys historical prices to predict the future Tecsys' volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.0865 | |||
| Total Risk Alpha | 0.057 | |||
| Treynor Ratio | 0.5457 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tecsys' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tecsys Inc Backtested Returns
At this point, Tecsys is very steady. Tecsys Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0723, which indicates the firm had a 0.0723% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Tecsys Inc, which you can use to evaluate the volatility of the company. Please validate Tecsys' Variance of 1.93, risk adjusted performance of 0.064, and Coefficient Of Variation of 1392.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Tecsys has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tecsys' 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. Tecsys Inc right now has a risk of 1.4%. Please validate Tecsys treynor ratio, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Tecsys will be following its existing price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Tecsys Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Tecsys time series from 20th of November 2024 to 20th of December 2024 and 20th of December 2024 to 19th 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 Tecsys Inc price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Tecsys price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Tecsys Inc lagged returns against current returns
Autocorrelation, which is Tecsys pink sheet'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' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecsys pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecsys pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tecsys Lagged Returns
When evaluating Tecsys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecsys pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tecsys Inc.
Regressed Prices |
| Timeline |
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Other Information on Investing in Tecsys Pink Sheet
Tecsys financial ratios help investors to determine whether Tecsys Pink Sheet 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.