Terna Energy (Greece) Market Value
| TENERGY Stock | EUR 19.85 0.03 0.15% |
| Symbol | Terna |
Terna Energy '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 Terna Energy'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 Terna Energy.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Terna Energy on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Terna Energy Societe or generate 0.0% return on investment in Terna Energy over 720 days. Terna Energy is related to or competes with Intertech, Logismos Information, Bank of Greece, Foodlink, Performance Technologies, Optronics Technologies, and Piraeus Financial. Terna Energy Societe Anonyme Commercial Technical Company operates in the renewable energy sources , construction, tradi... More
Terna Energy 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 Terna Energy'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 Terna Energy Societe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1686 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.4119 |
Terna Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terna Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terna Energy's standard deviation. In reality, there are many statistical measures that can use Terna Energy historical prices to predict the future Terna Energy's volatility.| Risk Adjusted Performance | 0.1992 | |||
| Jensen Alpha | 0.0466 | |||
| Total Risk Alpha | 0.0216 | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | 4.77 |
Terna Energy Societe Backtested Returns
At this stage we consider Terna Stock to be very steady. Terna Energy Societe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Terna Energy Societe, which you can use to evaluate the volatility of the company. Please validate Terna Energy's Standard Deviation of 0.1922, risk adjusted performance of 0.1992, and Downside Deviation of 0.1686 to confirm if the risk estimate we provide is consistent with the expected return of 0.0489%. Terna Energy has a performance score of 20 on a scale of 0 to 100. The entity has a beta of 0.01, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Terna Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Terna Energy is expected to be smaller as well. Terna Energy Societe right now has a risk of 0.19%. Please validate Terna Energy downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Terna Energy will be following its existing price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Terna Energy Societe has very good reverse predictability. Overlapping area represents the amount of predictability between Terna Energy time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Terna Energy Societe price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Terna Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
Terna Energy Societe lagged returns against current returns
Autocorrelation, which is Terna Energy 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 Terna Energy's stock expected returns. We can calculate the autocorrelation of Terna Energy returns to help us make a trade decision. For example, suppose you find that Terna Energy 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 |
Terna Energy 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 Terna Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terna Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terna Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Terna Energy Lagged Returns
When evaluating Terna Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terna Energy stock have on its future price. Terna Energy 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, Terna Energy autocorrelation shows the relationship between Terna Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Terna Energy Societe.
Regressed Prices |
| Timeline |
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Additional Tools for Terna Stock Analysis
When running Terna Energy's price analysis, check to measure Terna Energy'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 Terna Energy is operating at the current time. Most of Terna Energy's value examination focuses on studying past and present price action to predict the probability of Terna Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Terna Energy's price. Additionally, you may evaluate how the addition of Terna Energy to your portfolios can decrease your overall portfolio volatility.