Tectona's market value is the price at which a share of Tectona trades on a public exchange. It measures the collective expectations of Tectona investors about its performance. Tectona is trading at 497.50 as of the 5th of January 2025, a 6.24% up since the beginning of the trading day. The stock's open price was 468.3. With this module, you can estimate the performance of a buy and hold strategy of Tectona and determine expected loss or profit from investing in Tectona over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Tectona
Tectona '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 Tectona'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 Tectona.
0.00
07/09/2024
No Change 0.00
0.0
In 5 months and 30 days
01/05/2025
0.00
If you would invest 0.00 in Tectona on July 9, 2024 and sell it all today you would earn a total of 0.00 from holding Tectona or generate 0.0% return on investment in Tectona over 180 days.
Tectona 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 Tectona'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 Tectona upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tectona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tectona's standard deviation. In reality, there are many statistical measures that can use Tectona historical prices to predict the future Tectona's volatility.
Tectona appears to be very steady, given 3 months investment horizon. Tectona owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Tectona's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please review Tectona's Risk Adjusted Performance of 0.1293, coefficient of variation of 671.82, and Semi Deviation of 3.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tectona holds a performance score of 11. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tectona are expected to decrease at a much lower rate. During the bear market, Tectona is likely to outperform the market. Please check Tectona's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Tectona's existing price patterns will revert.
Auto-correlation
-0.56
Good reverse predictability
Tectona has good reverse predictability. Overlapping area represents the amount of predictability between Tectona time series from 9th of July 2024 to 7th of October 2024 and 7th of October 2024 to 5th 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 Tectona price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Tectona price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.44
Residual Average
0.0
Price Variance
2443.42
Tectona lagged returns against current returns
Autocorrelation, which is Tectona 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 Tectona's stock expected returns. We can calculate the autocorrelation of Tectona returns to help us make a trade decision. For example, suppose you find that Tectona 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
Tectona 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 Tectona stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tectona stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tectona stock over time.
Current vs Lagged Prices
Timeline
Tectona Lagged Returns
When evaluating Tectona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tectona stock have on its future price. Tectona 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, Tectona autocorrelation shows the relationship between Tectona stock current value and its past values and can show if there is a momentum factor associated with investing in Tectona.
Regressed Prices
Timeline
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