Tecan Group (Switzerland) Market Value
| TECN Stock | CHF 175.40 2.90 1.68% |
| Symbol | Tecan |
Tecan Group '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 Tecan Group'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 Tecan Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Tecan Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tecan Group AG or generate 0.0% return on investment in Tecan Group over 90 days. Tecan Group is related to or competes with Straumann Holding, Sonova H, VAT Group, Lonza Group, and Bachem Holding. Tecan Group Ltd. provides laboratory instruments and solutions for pharmaceutical and biotechnology companies, universit... More
Tecan Group 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 Tecan Group'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 Tecan Group AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.86 |
Tecan Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecan Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecan Group's standard deviation. In reality, there are many statistical measures that can use Tecan Group historical prices to predict the future Tecan Group's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (1.09) |
Tecan Group AG Backtested Returns
Tecan Group AG owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13 % return per unit of risk over the last 3 months. Tecan Group AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tecan Group's Coefficient Of Variation of (738.36), variance of 3.34, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tecan Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tecan Group is expected to be smaller as well. At this point, Tecan Group AG has a negative expected return of -0.25%. Please make sure to validate Tecan Group's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Tecan Group AG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Tecan Group AG has excellent reverse predictability. Overlapping area represents the amount of predictability between Tecan Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Tecan Group AG price movement. The serial correlation of -0.83 indicates that around 83.0% of current Tecan Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 206.32 |
Tecan Group AG lagged returns against current returns
Autocorrelation, which is Tecan Group 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 Tecan Group's stock expected returns. We can calculate the autocorrelation of Tecan Group returns to help us make a trade decision. For example, suppose you find that Tecan Group 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 |
Tecan Group 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 Tecan Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecan Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecan Group stock over time.
Current vs Lagged Prices |
| Timeline |
Tecan Group Lagged Returns
When evaluating Tecan Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecan Group stock have on its future price. Tecan Group 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, Tecan Group autocorrelation shows the relationship between Tecan Group stock current value and its past values and can show if there is a momentum factor associated with investing in Tecan Group AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Tecan Stock Analysis
When running Tecan Group's price analysis, check to measure Tecan Group'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 Tecan Group is operating at the current time. Most of Tecan Group's value examination focuses on studying past and present price action to predict the probability of Tecan Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecan Group's price. Additionally, you may evaluate how the addition of Tecan Group to your portfolios can decrease your overall portfolio volatility.