Teraplast Bist (Romania) Market Value
| TRP Stock | 0.43 0.01 2.38% |
| Symbol | Teraplast |
Please note, there is a significant difference between Teraplast Bist's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teraplast Bist is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teraplast Bist'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.
Teraplast Bist '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 Teraplast Bist'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 Teraplast Bist.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Teraplast Bist on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Teraplast Bist or generate 0.0% return on investment in Teraplast Bist over 90 days. More
Teraplast Bist 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 Teraplast Bist'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 Teraplast Bist upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.0752 | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.63 |
Teraplast Bist Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teraplast Bist's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teraplast Bist's standard deviation. In reality, there are many statistical measures that can use Teraplast Bist historical prices to predict the future Teraplast Bist's volatility.| Risk Adjusted Performance | 0.0296 | |||
| Jensen Alpha | 0.0457 | |||
| Total Risk Alpha | 0.3061 | |||
| Sortino Ratio | 0.054 | |||
| Treynor Ratio | (5.36) |
Teraplast Bist Backtested Returns
Teraplast Bist owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0157, which indicates the firm had a -0.0157 % return per unit of risk over the last 3 months. Teraplast Bist exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teraplast Bist's Risk Adjusted Performance of 0.0296, semi deviation of 1.49, and Coefficient Of Variation of 3657.66 to confirm the risk estimate we provide. The entity has a beta of -0.0087, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Teraplast Bist are expected to decrease at a much lower rate. During the bear market, Teraplast Bist is likely to outperform the market. At this point, Teraplast Bist has a negative expected return of -0.0265%. Please make sure to validate Teraplast Bist's value at risk and the relationship between the expected short fall and period momentum indicator , to decide if Teraplast Bist performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Teraplast Bist has poor reverse predictability. Overlapping area represents the amount of predictability between Teraplast Bist time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Teraplast Bist price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Teraplast Bist price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Teraplast Bist lagged returns against current returns
Autocorrelation, which is Teraplast Bist 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 Teraplast Bist's stock expected returns. We can calculate the autocorrelation of Teraplast Bist returns to help us make a trade decision. For example, suppose you find that Teraplast Bist 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 |
Teraplast Bist 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 Teraplast Bist stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teraplast Bist stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teraplast Bist stock over time.
Current vs Lagged Prices |
| Timeline |
Teraplast Bist Lagged Returns
When evaluating Teraplast Bist's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teraplast Bist stock have on its future price. Teraplast Bist 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, Teraplast Bist autocorrelation shows the relationship between Teraplast Bist stock current value and its past values and can show if there is a momentum factor associated with investing in Teraplast Bist.
Regressed Prices |
| Timeline |
Pair Trading with Teraplast Bist
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Teraplast Bist position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Teraplast Bist will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Teraplast Bist could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teraplast Bist when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Teraplast Bist - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Teraplast Bist to buy it.
The correlation of Teraplast Bist is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teraplast Bist moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teraplast Bist moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Teraplast Bist can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Teraplast Stock
Teraplast Bist financial ratios help investors to determine whether Teraplast 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 Teraplast with respect to the benefits of owning Teraplast Bist security.