Track Group Stock Market Value
| TRCK Stock | USD 0.21 0.01 5.00% |
| 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.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Track on February 2, 2025 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 Spectris Plc, Sono Tek, Genasys, Sensata Technologies, Focus Universal, Mesa Laboratories, and Teledyne Technologies. 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.
| Downside Deviation | 26.83 | |||
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 222.56 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 13.33 |
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 | 0.0752 | |||
| Jensen Alpha | 2.5 | |||
| Total Risk Alpha | 4.19 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 0.3978 |
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 is out of control given 3 months investment horizon. Track Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0967, which indicates the firm had a 0.0967 % return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.55% are justified by taking the suggested risk. Use Track Group Coefficient Of Variation of 1141.56, semi deviation of 8.65, and Risk Adjusted Performance of 0.0752 to evaluate company specific risk that cannot be diversified away. Track holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of 5.46, 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. Use Track Group jensen alpha and the relationship between the value at risk and day typical price , to analyze future returns on Track Group.
Auto-correlation | 0.84 |
Very good predictability
Track Group has very good predictability. Overlapping area represents the amount of predictability between Track time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th 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 Track Group price movement. The serial correlation of 0.84 indicates that around 84.0% of current Track price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 1.0 | |
| 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.