TIM SA (Brazil) Market Value
| TIMS3 Stock | BRL 15.84 0.29 1.86% |
| Symbol | TIM |
TIM SA '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 TIM SA'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 TIM SA.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in TIM SA on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding TIM SA or generate 0.0% return on investment in TIM SA over 180 days. TIM SA is related to or competes with Telefnica Brasil, Companhia Brasileira, Natura Co, Yduqs Participaes, and Hapvida Participaes. TIM S.A. operates as a telecommunications company in Brazil More
TIM SA 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 TIM SA'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 TIM SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 2.14 |
TIM SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TIM SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TIM SA's standard deviation. In reality, there are many statistical measures that can use TIM SA historical prices to predict the future TIM SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.4519 |
TIM SA Backtested Returns
TIM SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0984, which indicates the firm had a -0.0984% return per unit of standard deviation over the last 3 months. TIM SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TIM SA's risk adjusted performance of (0.08), and Variance of 2.53 to confirm the risk estimate we provide. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TIM SA are expected to decrease at a much lower rate. During the bear market, TIM SA is likely to outperform the market. At this point, TIM SA has a negative expected return of -0.16%. Please make sure to validate TIM SA's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if TIM SA performance from the past will be repeated at future time.
Auto-correlation | -0.91 |
Near perfect reversele predictability
TIM SA has near perfect reversele predictability. Overlapping area represents the amount of predictability between TIM SA time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 TIM SA price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current TIM SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
TIM SA lagged returns against current returns
Autocorrelation, which is TIM SA 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 TIM SA's stock expected returns. We can calculate the autocorrelation of TIM SA returns to help us make a trade decision. For example, suppose you find that TIM SA 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 |
TIM SA 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 TIM SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TIM SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TIM SA stock over time.
Current vs Lagged Prices |
| Timeline |
TIM SA Lagged Returns
When evaluating TIM SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TIM SA stock have on its future price. TIM SA 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, TIM SA autocorrelation shows the relationship between TIM SA stock current value and its past values and can show if there is a momentum factor associated with investing in TIM SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for TIM Stock Analysis
When running TIM SA's price analysis, check to measure TIM SA'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 TIM SA is operating at the current time. Most of TIM SA's value examination focuses on studying past and present price action to predict the probability of TIM SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TIM SA's price. Additionally, you may evaluate how the addition of TIM SA to your portfolios can decrease your overall portfolio volatility.