TRANS NATIONWIDE (Nigeria) Market Value
| TRANSEXPR | 1.38 0.00 0.00% |
| Symbol | TRANS |
TRANS NATIONWIDE '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 TRANS NATIONWIDE'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 TRANS NATIONWIDE.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in TRANS NATIONWIDE on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding TRANS NATIONWIDE EXPRESS PLC or generate 0.0% return on investment in TRANS NATIONWIDE over 30 days.
TRANS NATIONWIDE 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 TRANS NATIONWIDE'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 TRANS NATIONWIDE EXPRESS PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1062 | |||
| Maximum Drawdown | 9.52 |
TRANS NATIONWIDE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRANS NATIONWIDE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRANS NATIONWIDE's standard deviation. In reality, there are many statistical measures that can use TRANS NATIONWIDE historical prices to predict the future TRANS NATIONWIDE's volatility.| Risk Adjusted Performance | 0.1228 | |||
| Jensen Alpha | 0.1753 | |||
| Total Risk Alpha | 0.1056 | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TRANS NATIONWIDE'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.
TRANS NATIONWIDE EXP Backtested Returns
At this stage we consider TRANS Stock to be unstable. TRANS NATIONWIDE EXP retains Efficiency (Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found sixteen technical indicators for TRANS NATIONWIDE, which you can use to evaluate the volatility of the company. Please validate TRANS NATIONWIDE's standard deviation of 1.21, and Risk Adjusted Performance of 0.1228 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. TRANS NATIONWIDE has a performance score of 12 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.0927, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRANS NATIONWIDE are expected to decrease at a much lower rate. During the bear market, TRANS NATIONWIDE is likely to outperform the market. TRANS NATIONWIDE EXP currently owns a risk of 1.24%. Please validate TRANS NATIONWIDE EXPRESS PLC mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to decide if TRANS NATIONWIDE EXPRESS PLC will be following its current price history.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TRANS NATIONWIDE EXP lagged returns against current returns
Autocorrelation, which is TRANS NATIONWIDE 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 TRANS NATIONWIDE's stock expected returns. We can calculate the autocorrelation of TRANS NATIONWIDE returns to help us make a trade decision. For example, suppose you find that TRANS NATIONWIDE 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 |
TRANS NATIONWIDE 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 TRANS NATIONWIDE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRANS NATIONWIDE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRANS NATIONWIDE stock over time.
Current vs Lagged Prices |
| Timeline |
TRANS NATIONWIDE Lagged Returns
When evaluating TRANS NATIONWIDE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRANS NATIONWIDE stock have on its future price. TRANS NATIONWIDE 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, TRANS NATIONWIDE autocorrelation shows the relationship between TRANS NATIONWIDE stock current value and its past values and can show if there is a momentum factor associated with investing in TRANS NATIONWIDE EXPRESS PLC.
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 TRANS Stock Analysis
When running TRANS NATIONWIDE's price analysis, check to measure TRANS NATIONWIDE'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 TRANS NATIONWIDE is operating at the current time. Most of TRANS NATIONWIDE's value examination focuses on studying past and present price action to predict the probability of TRANS NATIONWIDE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TRANS NATIONWIDE's price. Additionally, you may evaluate how the addition of TRANS NATIONWIDE to your portfolios can decrease your overall portfolio volatility.