Tatry Mountain (Czech Republic) Market Value
| TMR Stock | CZK 535.00 5.00 0.93% |
| Symbol | Tatry |
Tatry Mountain '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 Tatry Mountain'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 Tatry Mountain.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tatry Mountain on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tatry Mountain Resorts or generate 0.0% return on investment in Tatry Mountain over 90 days. Tatry Mountain is related to or competes with UNIQA Insurance, and Komercni Banka. Tatry mountain resorts, a.s., together with its subsidiaries, provides tourism services in Slovakia More
Tatry Mountain 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 Tatry Mountain'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 Tatry Mountain Resorts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0789 | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.92 |
Tatry Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tatry Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tatry Mountain's standard deviation. In reality, there are many statistical measures that can use Tatry Mountain historical prices to predict the future Tatry Mountain's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | 0.2635 | |||
| Sortino Ratio | 0.0604 | |||
| Treynor Ratio | 0.4342 |
Tatry Mountain Resorts Backtested Returns
Currently, Tatry Mountain Resorts is very steady. Tatry Mountain Resorts owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0523, which indicates the firm had a 0.0523 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tatry Mountain Resorts, which you can use to evaluate the volatility of the company. Please validate Tatry Mountain's Coefficient Of Variation of 4063.47, risk adjusted performance of 0.0267, and Semi Deviation of 1.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0964%. Tatry Mountain has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0804, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tatry Mountain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tatry Mountain is expected to be smaller as well. Tatry Mountain Resorts right now has a risk of 1.85%. Please validate Tatry Mountain value at risk, kurtosis, period momentum indicator, as well as the relationship between the semi variance and day median price , to decide if Tatry Mountain will be following its existing price patterns.
Auto-correlation | 0.23 |
Weak predictability
Tatry Mountain Resorts has weak predictability. Overlapping area represents the amount of predictability between Tatry Mountain time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Tatry Mountain Resorts price movement. The serial correlation of 0.23 indicates that over 23.0% of current Tatry Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 96.08 |
Tatry Mountain Resorts lagged returns against current returns
Autocorrelation, which is Tatry Mountain 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 Tatry Mountain's stock expected returns. We can calculate the autocorrelation of Tatry Mountain returns to help us make a trade decision. For example, suppose you find that Tatry Mountain 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 |
Tatry Mountain 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 Tatry Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tatry Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tatry Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Tatry Mountain Lagged Returns
When evaluating Tatry Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tatry Mountain stock have on its future price. Tatry Mountain 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, Tatry Mountain autocorrelation shows the relationship between Tatry Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Tatry Mountain Resorts.
Regressed Prices |
| Timeline |
Pair Trading with Tatry Mountain
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tatry Mountain position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tatry Mountain will appreciate offsetting losses from the drop in the long position's value.Moving against Tatry Stock
The ability to find closely correlated positions to Tatry Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tatry Mountain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tatry Mountain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tatry Mountain Resorts to buy it.
The correlation of Tatry Mountain is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tatry Mountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tatry Mountain Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tatry Mountain can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tatry Stock Analysis
When running Tatry Mountain's price analysis, check to measure Tatry Mountain'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 Tatry Mountain is operating at the current time. Most of Tatry Mountain's value examination focuses on studying past and present price action to predict the probability of Tatry Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tatry Mountain's price. Additionally, you may evaluate how the addition of Tatry Mountain to your portfolios can decrease your overall portfolio volatility.