Tecnicas Reunidas (Spain) Market Value
| TRE Stock | EUR 13.72 0.17 1.25% |
| Symbol | Tecnicas |
Tecnicas Reunidas '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 Tecnicas Reunidas' 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 Tecnicas Reunidas.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Tecnicas Reunidas on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tecnicas Reunidas or generate 0.0% return on investment in Tecnicas Reunidas over 30 days. Tecnicas Reunidas is related to or competes with Caixabank, Elaia Investment, Atrys Health, Tier1 Technology, and Energy Solar. Tcnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plan... More
Tecnicas Reunidas 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 Tecnicas Reunidas' 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 Tecnicas Reunidas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 15.31 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.44 |
Tecnicas Reunidas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecnicas Reunidas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecnicas Reunidas' standard deviation. In reality, there are many statistical measures that can use Tecnicas Reunidas historical prices to predict the future Tecnicas Reunidas' volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.2839 | |||
| Total Risk Alpha | 0.1527 | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | (1.25) |
Tecnicas Reunidas Backtested Returns
Tecnicas Reunidas appears to be somewhat reliable, given 3 months investment horizon. Tecnicas Reunidas 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 Tecnicas Reunidas, which you can use to evaluate the volatility of the company. Please review Tecnicas Reunidas' Semi Deviation of 2.2, risk adjusted performance of 0.0953, and Coefficient Of Variation of 962.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tecnicas Reunidas holds a performance score of 10. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tecnicas Reunidas are expected to decrease at a much lower rate. During the bear market, Tecnicas Reunidas is likely to outperform the market. Please check Tecnicas Reunidas' standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Tecnicas Reunidas' existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Tecnicas Reunidas has poor predictability. Overlapping area represents the amount of predictability between Tecnicas Reunidas time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Tecnicas Reunidas price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Tecnicas Reunidas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Tecnicas Reunidas lagged returns against current returns
Autocorrelation, which is Tecnicas Reunidas 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 Tecnicas Reunidas' stock expected returns. We can calculate the autocorrelation of Tecnicas Reunidas returns to help us make a trade decision. For example, suppose you find that Tecnicas Reunidas 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 |
Tecnicas Reunidas 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 Tecnicas Reunidas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecnicas Reunidas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecnicas Reunidas stock over time.
Current vs Lagged Prices |
| Timeline |
Tecnicas Reunidas Lagged Returns
When evaluating Tecnicas Reunidas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecnicas Reunidas stock have on its future price. Tecnicas Reunidas 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, Tecnicas Reunidas autocorrelation shows the relationship between Tecnicas Reunidas stock current value and its past values and can show if there is a momentum factor associated with investing in Tecnicas Reunidas.
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.Other Information on Investing in Tecnicas Stock
Tecnicas Reunidas financial ratios help investors to determine whether Tecnicas 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 Tecnicas with respect to the benefits of owning Tecnicas Reunidas security.