Technology One Limited Stock Market Value
THNOF Stock | USD 19.70 0.00 0.00% |
Symbol | Technology |
Technology One '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 Technology One's 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 Technology One.
11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Technology One on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Technology One Limited or generate 0.0% return on investment in Technology One over 30 days. Technology One is related to or competes with Lindblad Expeditions, Sun Country, Arrow Financial, PennantPark Floating, Verra Mobility, Western Union, and Eastman Kodak. Technology One Limited researches, develops, markets, sells, implements, and supports integrated enterprise business sof... More
Technology One 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 Technology One's 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 Technology One Limited upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.1444 | |||
Maximum Drawdown | 69.75 |
Technology One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology One's standard deviation. In reality, there are many statistical measures that can use Technology One historical prices to predict the future Technology One's volatility.Risk Adjusted Performance | 0.1204 | |||
Jensen Alpha | 1.23 | |||
Total Risk Alpha | 0.4306 | |||
Treynor Ratio | 0.8125 |
Technology One Backtested Returns
Technology One is slightly risky given 3 months investment horizon. Technology One owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate data for sixteen different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Technology One Variance of 78.76, coefficient of variation of 649.45, and Risk Adjusted Performance of 0.1204 to evaluate company specific risk that cannot be diversified away. Technology One holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of 1.67, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Technology One will likely underperform. Use Technology One coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to analyze future returns on Technology One.
Auto-correlation | 0.50 |
Modest predictability
Technology One Limited has modest predictability. Overlapping area represents the amount of predictability between Technology One time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Technology One price movement. The serial correlation of 0.5 indicates that about 50.0% of current Technology One price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.5 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 2.56 |
Technology One lagged returns against current returns
Autocorrelation, which is Technology One 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 Technology One's pink sheet expected returns. We can calculate the autocorrelation of Technology One returns to help us make a trade decision. For example, suppose you find that Technology One 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 |
Technology One 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 Technology One pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology One pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology One pink sheet over time.
Current vs Lagged Prices |
Timeline |
Technology One Lagged Returns
When evaluating Technology One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology One pink sheet have on its future price. Technology One 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, Technology One autocorrelation shows the relationship between Technology One pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Technology One Limited.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Technology Pink Sheet
Technology One financial ratios help investors to determine whether Technology 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 Technology with respect to the benefits of owning Technology One security.