Transpaco (South Africa) Market Value
| TPC Stock | 3,700 1.00 0.03% |
| Symbol | Transpaco |
Transpaco '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 Transpaco'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 Transpaco.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Transpaco on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Transpaco or generate 0.0% return on investment in Transpaco over 30 days. Transpaco is related to or competes with Nampak, Bowler Metcalf, Avi, Aveng, Naspers, and Allied Electronics. More
Transpaco 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 Transpaco'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 Transpaco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.75 |
Transpaco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transpaco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transpaco's standard deviation. In reality, there are many statistical measures that can use Transpaco historical prices to predict the future Transpaco's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.0394 | |||
| Total Risk Alpha | 0.003 | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | (1.21) |
Transpaco Backtested Returns
At this point, Transpaco is very steady. Transpaco owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0408, which indicates the firm had a 0.0408% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Transpaco, which you can use to evaluate the volatility of the company. Please validate Transpaco's Semi Deviation of 0.9196, risk adjusted performance of 0.0341, and Coefficient Of Variation of 2616.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.0513%. Transpaco has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0321, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Transpaco are expected to decrease at a much lower rate. During the bear market, Transpaco is likely to outperform the market. Transpaco right now has a risk of 1.26%. Please validate Transpaco total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Transpaco will be following its existing price patterns.
Auto-correlation | 0.49 |
Average predictability
Transpaco has average predictability. Overlapping area represents the amount of predictability between Transpaco time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Transpaco price movement. The serial correlation of 0.49 indicates that about 49.0% of current Transpaco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 402.09 |
Transpaco lagged returns against current returns
Autocorrelation, which is Transpaco 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 Transpaco's stock expected returns. We can calculate the autocorrelation of Transpaco returns to help us make a trade decision. For example, suppose you find that Transpaco 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 |
Transpaco 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 Transpaco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transpaco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transpaco stock over time.
Current vs Lagged Prices |
| Timeline |
Transpaco Lagged Returns
When evaluating Transpaco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transpaco stock have on its future price. Transpaco 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, Transpaco autocorrelation shows the relationship between Transpaco stock current value and its past values and can show if there is a momentum factor associated with investing in Transpaco.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Transpaco Stock
Transpaco financial ratios help investors to determine whether Transpaco 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 Transpaco with respect to the benefits of owning Transpaco security.