Tesco Plc Stock Market Value
| TSCDY Stock | USD 13.58 0.39 2.96% |
| Symbol | Tesco |
Tesco PLC '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 Tesco PLC's pink sheet 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 Tesco PLC.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Tesco PLC on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tesco PLC or generate 0.0% return on investment in Tesco PLC over 570 days. Tesco PLC is related to or competes with Ocado Group, Dairy Farm, Woolworths Group, Kesko Oyj, J Sainsbury, J Sainsbury, and Tesco PLC. Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities More
Tesco PLC 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 Tesco PLC's pink sheet 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 Tesco PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.88 |
Tesco PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tesco PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tesco PLC's standard deviation. In reality, there are many statistical measures that can use Tesco PLC historical prices to predict the future Tesco PLC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tesco PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tesco PLC Backtested Returns
Tesco PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0434, which indicates the firm had a -0.0434% return per unit of risk over the last 3 months. Tesco PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tesco PLC's Variance of 1.21, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,974) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tesco PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tesco PLC is expected to be smaller as well. At this point, Tesco PLC has a negative expected return of -0.0471%. Please make sure to validate Tesco PLC's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Tesco PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Tesco PLC has very good predictability. Overlapping area represents the amount of predictability between Tesco PLC time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tesco PLC price movement. The serial correlation of 0.8 indicates that around 80.0% of current Tesco PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 1.98 |
Tesco PLC lagged returns against current returns
Autocorrelation, which is Tesco PLC pink sheet'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 Tesco PLC's pink sheet expected returns. We can calculate the autocorrelation of Tesco PLC returns to help us make a trade decision. For example, suppose you find that Tesco PLC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tesco PLC 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 Tesco PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tesco PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tesco PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tesco PLC Lagged Returns
When evaluating Tesco PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tesco PLC pink sheet have on its future price. Tesco PLC 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, Tesco PLC autocorrelation shows the relationship between Tesco PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tesco PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Tesco Pink Sheet Analysis
When running Tesco PLC's price analysis, check to measure Tesco PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tesco PLC is operating at the current time. Most of Tesco PLC's value examination focuses on studying past and present price action to predict the probability of Tesco PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tesco PLC's price. Additionally, you may evaluate how the addition of Tesco PLC to your portfolios can decrease your overall portfolio volatility.