Transtema Group (Sweden) Market Value
| TRANS Stock | SEK 15.14 0.02 0.13% |
| Symbol | Transtema |
Transtema Group '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 Transtema Group'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 Transtema Group.
| 01/18/2023 |
| 01/07/2025 |
If you would invest 0.00 in Transtema Group on January 18, 2023 and sell it all today you would earn a total of 0.00 from holding Transtema Group AB or generate 0.0% return on investment in Transtema Group over 720 days. Transtema Group is related to or competes with Humble Group, Enad Global, Goodbye Kansas, KABE Group, IAR Systems, Mekonomen, and Embellence Group. More
Transtema Group 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 Transtema Group'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 Transtema Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0252 | |||
| Maximum Drawdown | 15.8 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.24 |
Transtema Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transtema Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transtema Group's standard deviation. In reality, there are many statistical measures that can use Transtema Group historical prices to predict the future Transtema Group's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | 0.0754 | |||
| Total Risk Alpha | 0.0354 | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transtema Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Transtema Group AB Backtested Returns
Currently, Transtema Group AB is not too volatile. Transtema Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0343, which indicates the firm had a 0.0343% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Transtema Group AB, which you can use to evaluate the volatility of the company. Please validate Transtema Group's Coefficient Of Variation of 2872.39, risk adjusted performance of 0.0347, and Semi Deviation of 1.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.0815%. Transtema Group has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Transtema Group are expected to decrease at a much lower rate. During the bear market, Transtema Group is likely to outperform the market. Transtema Group AB right now has a risk of 2.38%. Please validate Transtema Group value at risk, and the relationship between the jensen alpha and skewness , to decide if Transtema Group will be following its existing price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
Transtema Group AB has very good reverse predictability. Overlapping area represents the amount of predictability between Transtema Group time series from 18th of January 2023 to 13th of January 2024 and 13th of January 2024 to 7th 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 Transtema Group AB price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Transtema Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.27 |
Transtema Group AB lagged returns against current returns
Autocorrelation, which is Transtema Group 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 Transtema Group's stock expected returns. We can calculate the autocorrelation of Transtema Group returns to help us make a trade decision. For example, suppose you find that Transtema Group 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 |
Transtema Group 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 Transtema Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transtema Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transtema Group stock over time.
Current vs Lagged Prices |
| Timeline |
Transtema Group Lagged Returns
When evaluating Transtema Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transtema Group stock have on its future price. Transtema Group 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, Transtema Group autocorrelation shows the relationship between Transtema Group stock current value and its past values and can show if there is a momentum factor associated with investing in Transtema Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Transtema Stock Analysis
When running Transtema Group's price analysis, check to measure Transtema Group'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 Transtema Group is operating at the current time. Most of Transtema Group's value examination focuses on studying past and present price action to predict the probability of Transtema Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transtema Group's price. Additionally, you may evaluate how the addition of Transtema Group to your portfolios can decrease your overall portfolio volatility.