Techtronic Industries (Germany) Market Value
| TIB1 Stock | EUR 12.45 0.12 0.95% |
| Symbol | Techtronic |
Techtronic Industries '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 Techtronic Industries' 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 Techtronic Industries.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Techtronic Industries on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Techtronic Industries or generate 0.0% return on investment in Techtronic Industries over 30 days. Techtronic Industries is related to or competes with Addus HomeCare, ASPEN TECHINC, ADDUS HOMECARE, DFS Furniture, Neinor Homes, and Minerals Technologies. Techtronic Industries Company Limited, an investment holding company, engages in the design, manufacture, and marketing ... More
Techtronic Industries 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 Techtronic Industries' 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 Techtronic Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.83 |
Techtronic Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techtronic Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techtronic Industries' standard deviation. In reality, there are many statistical measures that can use Techtronic Industries historical prices to predict the future Techtronic Industries' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.77) |
Techtronic Industries Backtested Returns
Techtronic Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0394, which indicates the firm had a -0.0394 % return per unit of risk over the last 3 months. Techtronic Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techtronic Industries' Variance of 5.04, coefficient of variation of (4,834), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.0734, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Techtronic Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Techtronic Industries is expected to be smaller as well. At this point, Techtronic Industries has a negative expected return of -0.0908%. Please make sure to validate Techtronic Industries' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Techtronic Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Techtronic Industries has excellent reverse predictability. Overlapping area represents the amount of predictability between Techtronic Industries time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Techtronic Industries price movement. The serial correlation of -0.82 indicates that around 82.0% of current Techtronic Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Techtronic Industries lagged returns against current returns
Autocorrelation, which is Techtronic Industries 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 Techtronic Industries' stock expected returns. We can calculate the autocorrelation of Techtronic Industries returns to help us make a trade decision. For example, suppose you find that Techtronic Industries 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 |
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Techtronic Industries 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 Techtronic Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techtronic Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techtronic Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Techtronic Industries Lagged Returns
When evaluating Techtronic Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techtronic Industries stock have on its future price. Techtronic Industries 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, Techtronic Industries autocorrelation shows the relationship between Techtronic Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Techtronic Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Techtronic Stock
Techtronic Industries financial ratios help investors to determine whether Techtronic Stock 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 Techtronic with respect to the benefits of owning Techtronic Industries security.