Truworths International's market value is the price at which a share of Truworths International trades on a public exchange. It measures the collective expectations of Truworths International investors about its performance. Truworths International is trading at 9784.00 as of the 10th of January 2025, a 1.76 percent decrease since the beginning of the trading day. The stock's lowest day price was 9760.0. With this module, you can estimate the performance of a buy and hold strategy of Truworths International and determine expected loss or profit from investing in Truworths International over a given investment horizon. Check out Truworths International Correlation, Truworths International Volatility and Truworths International Alpha and Beta module to complement your research on Truworths International.
Please note, there is a significant difference between Truworths International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Truworths International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Truworths International'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.
Truworths International '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 Truworths International'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 Truworths International.
0.00
01/21/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/10/2025
0.00
If you would invest 0.00 in Truworths International on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Truworths International or generate 0.0% return on investment in Truworths International over 720 days. Truworths International is related to or competes with Mr Price, Rex Trueform, Sabvest Capital, Dis Chem, and Impala Platinum. More
Truworths International 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 Truworths International'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 Truworths International 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 Truworths International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Truworths International's standard deviation. In reality, there are many statistical measures that can use Truworths International historical prices to predict the future Truworths International's volatility.
Truworths International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0839, which indicates the firm had a -0.0839% return per unit of risk over the last 3 months. Truworths International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Truworths International's Coefficient Of Variation of (3,417), variance of 3.37, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Truworths International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Truworths International is expected to be smaller as well. At this point, Truworths International has a negative expected return of -0.15%. Please make sure to validate Truworths International's rate of daily change, and the relationship between the kurtosis and market facilitation index , to decide if Truworths International performance from the past will be repeated at some point in the near future.
Auto-correlation
0.82
Very good predictability
Truworths International has very good predictability. Overlapping area represents the amount of predictability between Truworths International time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Truworths International price movement. The serial correlation of 0.82 indicates that around 82.0% of current Truworths International price fluctuation can be explain by its past prices.
Correlation Coefficient
0.82
Spearman Rank Test
0.71
Residual Average
0.0
Price Variance
1.6 M
Truworths International lagged returns against current returns
Autocorrelation, which is Truworths International 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 Truworths International's stock expected returns. We can calculate the autocorrelation of Truworths International returns to help us make a trade decision. For example, suppose you find that Truworths International 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
Truworths International 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 Truworths International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Truworths International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Truworths International stock over time.
Current vs Lagged Prices
Timeline
Truworths International Lagged Returns
When evaluating Truworths International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Truworths International stock have on its future price. Truworths International 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, Truworths International autocorrelation shows the relationship between Truworths International stock current value and its past values and can show if there is a momentum factor associated with investing in Truworths International.
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.
Truworths International financial ratios help investors to determine whether Truworths 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 Truworths with respect to the benefits of owning Truworths International security.