Track Group Stock Market Value
| TRCK Stock | USD 0.11 0.01 10.00% |
| Symbol | Track |
Track '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 Track's otc 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 Track.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Track on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Track Group or generate 0.0% return on investment in Track over 30 days. Track is related to or competes with Deere, Caterpillar, Lion Electric, Nikola Corp, Wabash National, and Titan International. Track Group, Inc., together with its subsidiaries, designs, manufactures, and markets location tracking devices More
Track 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 Track's otc 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 Track Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 78.79 | |||
| Value At Risk | (21.05) | |||
| Potential Upside | 18.75 |
Track Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Track's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Track's standard deviation. In reality, there are many statistical measures that can use Track historical prices to predict the future Track's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (1.97) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Track'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.
Track Group Backtested Returns
Track Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0038, which indicates the firm had a -0.0038% return per unit of risk over the last 3 months. Track Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Track's Risk Adjusted Performance of 0.0067, coefficient of variation of (26,672), and Variance of 146.18 to confirm the risk estimate we provide. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Track will likely underperform. At this point, Track Group has a negative expected return of -0.0475%. Please make sure to validate Track's jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Track Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Track Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Track time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Track Group price movement. The serial correlation of -0.79 indicates that around 79.0% of current Track price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Track Group lagged returns against current returns
Autocorrelation, which is Track otc 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 Track's otc stock expected returns. We can calculate the autocorrelation of Track returns to help us make a trade decision. For example, suppose you find that Track has exhibited high autocorrelation historically, and you observe that the otc 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 |
Track 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 Track otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Track otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Track otc stock over time.
Current vs Lagged Prices |
| Timeline |
Track Lagged Returns
When evaluating Track's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Track otc stock have on its future price. Track 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, Track autocorrelation shows the relationship between Track otc stock current value and its past values and can show if there is a momentum factor associated with investing in Track Group.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Track OTC Stock
Track financial ratios help investors to determine whether Track OTC 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 Track with respect to the benefits of owning Track security.