Tevano Systems Holdings Stock Market Value
Tevano Systems' market value is the price at which a share of Tevano Systems trades on a public exchange. It measures the collective expectations of Tevano Systems Holdings investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Tevano Systems Holdings and determine expected loss or profit from investing in Tevano Systems over a given investment horizon. Check out Tevano Systems Correlation, Tevano Systems Volatility and Tevano Systems Alpha and Beta module to complement your research on Tevano Systems.
| Symbol | Tevano |
Tevano Systems '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 Tevano Systems' 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 Tevano Systems.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Tevano Systems on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Tevano Systems Holdings or generate 0.0% return on investment in Tevano Systems over 720 days. Tevano Systems is related to or competes with Utah Medical, JIN MEDICAL, Nyxoah, Nexgel, Daxor, Milestone Scientific, and Sharps Technology. Tevano Systems Holdings Inc. develops and sells electronics products More
Tevano Systems 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 Tevano Systems' 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 Tevano Systems Holdings upside and downside potential and time the market with a certain degree of confidence.
Tevano Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tevano Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tevano Systems' standard deviation. In reality, there are many statistical measures that can use Tevano Systems historical prices to predict the future Tevano Systems' volatility.Tevano Systems Holdings Backtested Returns
Tevano Systems Holdings 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. Tevano Systems Holdings exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tevano Systems are completely uncorrelated.
Auto-correlation | -0.27 |
Weak reverse predictability
Tevano Systems Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Tevano Systems time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Tevano Systems Holdings price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Tevano Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tevano Systems Holdings lagged returns against current returns
Autocorrelation, which is Tevano Systems 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 Tevano Systems' pink sheet expected returns. We can calculate the autocorrelation of Tevano Systems returns to help us make a trade decision. For example, suppose you find that Tevano Systems 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 |
Tevano Systems 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 Tevano Systems pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tevano Systems pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tevano Systems pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tevano Systems Lagged Returns
When evaluating Tevano Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tevano Systems pink sheet have on its future price. Tevano Systems 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, Tevano Systems autocorrelation shows the relationship between Tevano Systems pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tevano Systems Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tevano Pink Sheet
Tevano Systems financial ratios help investors to determine whether Tevano 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 Tevano with respect to the benefits of owning Tevano Systems security.