Tubos Reunidos (Spain) Market Value
| TRG Stock | EUR 0.68 0.04 6.25% |
| Symbol | Tubos |
Tubos Reunidos '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 Tubos Reunidos' 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 Tubos Reunidos.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tubos Reunidos on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tubos Reunidos SA or generate 0.0% return on investment in Tubos Reunidos over 90 days. Tubos Reunidos is related to or competes with Elaia Investment, International Consolidated, Caixabank, Media Investment, and Arrienda Rental. Tubos Reunidos, S.A. manufactures and distributes seamless steel pipes in Europe, Northamercia, the Meadle East, Africa,... More
Tubos Reunidos 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 Tubos Reunidos' 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 Tubos Reunidos SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1357 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 6.67 |
Tubos Reunidos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tubos Reunidos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tubos Reunidos' standard deviation. In reality, there are many statistical measures that can use Tubos Reunidos historical prices to predict the future Tubos Reunidos' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.4634 | |||
| Total Risk Alpha | 0.7993 | |||
| Sortino Ratio | 0.1462 | |||
| Treynor Ratio | 0.3957 |
Tubos Reunidos SA Backtested Returns
Tubos Reunidos appears to be extremely dangerous, given 3 months investment horizon. Tubos Reunidos SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tubos Reunidos SA, which you can use to evaluate the volatility of the company. Please review Tubos Reunidos' Semi Deviation of 2.2, coefficient of variation of 932.69, and Risk Adjusted Performance of 0.1008 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tubos Reunidos holds a performance score of 10. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Tubos Reunidos returns are very sensitive to returns on the market. As the market goes up or down, Tubos Reunidos is expected to follow. Please check Tubos Reunidos' coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Tubos Reunidos' existing price patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Tubos Reunidos SA has average predictability. Overlapping area represents the amount of predictability between Tubos Reunidos time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Tubos Reunidos SA price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Tubos Reunidos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tubos Reunidos SA lagged returns against current returns
Autocorrelation, which is Tubos Reunidos 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 Tubos Reunidos' stock expected returns. We can calculate the autocorrelation of Tubos Reunidos returns to help us make a trade decision. For example, suppose you find that Tubos Reunidos 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 |
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Tubos Reunidos 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 Tubos Reunidos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tubos Reunidos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tubos Reunidos stock over time.
Current vs Lagged Prices |
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Tubos Reunidos Lagged Returns
When evaluating Tubos Reunidos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tubos Reunidos stock have on its future price. Tubos Reunidos 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, Tubos Reunidos autocorrelation shows the relationship between Tubos Reunidos stock current value and its past values and can show if there is a momentum factor associated with investing in Tubos Reunidos SA.
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 Tubos Stock
Tubos Reunidos financial ratios help investors to determine whether Tubos 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 Tubos with respect to the benefits of owning Tubos Reunidos security.