Touax SCA (France) Market Value
| TOUP Stock | EUR 4.42 0.02 0.45% |
| Symbol | Touax |
Touax SCA '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 Touax SCA'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 Touax SCA.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Touax SCA on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Touax SCA or generate 0.0% return on investment in Touax SCA over 90 days. Touax SCA is related to or competes with Lacroix Group, Vicat SA, Vetoquinol, and Thermador Groupe. Touax SCA engages in the operational leasing, sale, and management of mobile standardized equipment worldwide More
Touax SCA 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 Touax SCA'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 Touax SCA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.1689 | |||
| Maximum Drawdown | 10.84 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.27 |
Touax SCA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touax SCA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touax SCA's standard deviation. In reality, there are many statistical measures that can use Touax SCA historical prices to predict the future Touax SCA's volatility.| Risk Adjusted Performance | 0.0886 | |||
| Jensen Alpha | 0.1859 | |||
| Total Risk Alpha | 0.4905 | |||
| Sortino Ratio | 0.1961 | |||
| Treynor Ratio | 2.18 |
Touax SCA Backtested Returns
At this point, Touax SCA is somewhat reliable. Touax SCA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0954, which indicates the firm had a 0.0954 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Touax SCA, which you can use to evaluate the volatility of the company. Please validate Touax SCA's Semi Deviation of 1.4, risk adjusted performance of 0.0886, and Coefficient Of Variation of 1016.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Touax SCA has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.0801, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touax SCA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touax SCA is expected to be smaller as well. Touax SCA right now has a risk of 1.92%. Please validate Touax SCA treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Touax SCA will be following its existing price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Touax SCA has excellent reverse predictability. Overlapping area represents the amount of predictability between Touax SCA time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Touax SCA price movement. The serial correlation of -0.85 indicates that around 85.0% of current Touax SCA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Touax SCA lagged returns against current returns
Autocorrelation, which is Touax SCA 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 Touax SCA's stock expected returns. We can calculate the autocorrelation of Touax SCA returns to help us make a trade decision. For example, suppose you find that Touax SCA 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 |
Touax SCA 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 Touax SCA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touax SCA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touax SCA stock over time.
Current vs Lagged Prices |
| Timeline |
Touax SCA Lagged Returns
When evaluating Touax SCA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touax SCA stock have on its future price. Touax SCA 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, Touax SCA autocorrelation shows the relationship between Touax SCA stock current value and its past values and can show if there is a momentum factor associated with investing in Touax SCA.
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.Other Information on Investing in Touax Stock
Touax SCA financial ratios help investors to determine whether Touax 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 Touax with respect to the benefits of owning Touax SCA security.