Trencor's market value is the price at which a share of Trencor trades on a public exchange. It measures the collective expectations of Trencor investors about its performance. Trencor is trading at 795.00 as of the 11th of January 2025, a 0.38% down since the beginning of the trading day. The stock's lowest day price was 790.0. With this module, you can estimate the performance of a buy and hold strategy of Trencor and determine expected loss or profit from investing in Trencor over a given investment horizon. Check out Trencor Correlation, Trencor Volatility and Trencor Alpha and Beta module to complement your research on Trencor.
Please note, there is a significant difference between Trencor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trencor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trencor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Trencor '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 Trencor'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 Trencor.
0.00
12/12/2024
No Change 0.00
0.0
In 30 days
01/11/2025
0.00
If you would invest 0.00 in Trencor on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Trencor or generate 0.0% return on investment in Trencor over 30 days. Trencor is related to or competes with Life Healthcare, Kumba Iron, Reinet Investments, RCL Foods, and Frontier Transport. More
Trencor 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 Trencor'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 Trencor upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trencor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trencor's standard deviation. In reality, there are many statistical measures that can use Trencor historical prices to predict the future Trencor's volatility.
Trencor appears to be very steady, given 3 months investment horizon. Trencor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trencor, which you can use to evaluate the volatility of the company. Please review Trencor's Risk Adjusted Performance of 0.082, semi deviation of 1.33, and Coefficient Of Variation of 1041.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trencor holds a performance score of 10. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Trencor are expected to decrease at a much lower rate. During the bear market, Trencor is likely to outperform the market. Please check Trencor's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Trencor's existing price patterns will revert.
Auto-correlation
0.64
Good predictability
Trencor has good predictability. Overlapping area represents the amount of predictability between Trencor time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 Trencor price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Trencor price fluctuation can be explain by its past prices.
Correlation Coefficient
0.64
Spearman Rank Test
0.63
Residual Average
0.0
Price Variance
99.73
Trencor lagged returns against current returns
Autocorrelation, which is Trencor 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 Trencor's stock expected returns. We can calculate the autocorrelation of Trencor returns to help us make a trade decision. For example, suppose you find that Trencor 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
Trencor 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 Trencor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trencor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trencor stock over time.
Current vs Lagged Prices
Timeline
Trencor Lagged Returns
When evaluating Trencor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trencor stock have on its future price. Trencor 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, Trencor autocorrelation shows the relationship between Trencor stock current value and its past values and can show if there is a momentum factor associated with investing in Trencor.
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.
Trencor financial ratios help investors to determine whether Trencor 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 Trencor with respect to the benefits of owning Trencor security.