Tesla (Brazil) Market Value
| TSLA34 Stock | BRL 89.38 6.78 8.21% |
| Symbol | Tesla |
Tesla '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 Tesla'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 Tesla.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Tesla on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tesla Inc or generate 0.0% return on investment in Tesla over 30 days. Tesla is related to or competes with Marcopolo, Randon SA, Randon SA, Klabin SA, and Indstrias Romi. Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage syst... More
Tesla 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 Tesla'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 Tesla Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.2617 | |||
| Maximum Drawdown | 21.38 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 9.04 |
Tesla Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tesla's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tesla's standard deviation. In reality, there are many statistical measures that can use Tesla historical prices to predict the future Tesla's volatility.| Risk Adjusted Performance | 0.2119 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.7362 | |||
| Sortino Ratio | 0.3514 | |||
| Treynor Ratio | (2.16) |
Tesla Inc Backtested Returns
Tesla is very steady given 3 months investment horizon. Tesla Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the firm had a 0.33% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.44% are justified by taking the suggested risk. Use Tesla Inc Risk Adjusted Performance of 0.2119, coefficient of variation of 354.63, and Semi Deviation of 2.33 to evaluate company specific risk that cannot be diversified away. Tesla holds a performance score of 25 on a scale of zero to a hundred. The entity has a beta of -0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tesla are expected to decrease at a much lower rate. During the bear market, Tesla is likely to outperform the market. Use Tesla Inc value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to analyze future returns on Tesla Inc.
Auto-correlation | 0.57 |
Modest predictability
Tesla Inc has modest predictability. Overlapping area represents the amount of predictability between Tesla time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Tesla Inc price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Tesla price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 28.71 |
Tesla Inc lagged returns against current returns
Autocorrelation, which is Tesla 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 Tesla's stock expected returns. We can calculate the autocorrelation of Tesla returns to help us make a trade decision. For example, suppose you find that Tesla 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 |
Tesla 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 Tesla stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tesla stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tesla stock over time.
Current vs Lagged Prices |
| Timeline |
Tesla Lagged Returns
When evaluating Tesla's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tesla stock have on its future price. Tesla 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, Tesla autocorrelation shows the relationship between Tesla stock current value and its past values and can show if there is a momentum factor associated with investing in Tesla Inc.
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.Additional Information and Resources on Investing in Tesla Stock
When determining whether Tesla Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tesla's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tesla Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tesla Inc Stock:Check out Tesla Correlation, Tesla Volatility and Tesla Alpha and Beta module to complement your research on Tesla. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Tesla technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.