Travelsky Technology Limited Stock Market Value
| TSYHF Stock | USD 1.40 0.03 2.19% |
| Symbol | TravelSky |
TravelSky Technology '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 TravelSky Technology'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 TravelSky Technology.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in TravelSky Technology on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding TravelSky Technology Limited or generate 0.0% return on investment in TravelSky Technology over 90 days. TravelSky Technology is related to or competes with Hackett, CSP, IBEX, Formula Systems, ASGN, CACI International, and Genpact. TravelSky Technology Limited, together with its subsidiaries, provides information technology solutions for aviation and... More
TravelSky Technology 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 TravelSky Technology'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 TravelSky Technology Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.06 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 26.14 | |||
| Value At Risk | (9.60) | |||
| Potential Upside | 11.61 |
TravelSky Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TravelSky Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TravelSky Technology's standard deviation. In reality, there are many statistical measures that can use TravelSky Technology historical prices to predict the future TravelSky Technology's volatility.| Risk Adjusted Performance | 0.0379 | |||
| Jensen Alpha | 0.2077 | |||
| Total Risk Alpha | 0.9705 | |||
| Sortino Ratio | 0.0506 | |||
| Treynor Ratio | 2.14 |
TravelSky Technology Backtested Returns
TravelSky Technology appears to be extremely dangerous, given 3 months investment horizon. TravelSky Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0541, which indicates the firm had a 0.0541 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TravelSky Technology Limited, which you can use to evaluate the volatility of the company. Please review TravelSky Technology's Risk Adjusted Performance of 0.0379, coefficient of variation of 2971.77, and Semi Deviation of 5.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TravelSky Technology holds a performance score of 4. The entity has a beta of 0.0922, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TravelSky Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding TravelSky Technology is expected to be smaller as well. Please check TravelSky Technology's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether TravelSky Technology's existing price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
TravelSky Technology Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TravelSky Technology 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 TravelSky Technology price movement. The serial correlation of -0.75 indicates that around 75.0% of current TravelSky Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TravelSky Technology lagged returns against current returns
Autocorrelation, which is TravelSky Technology 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 TravelSky Technology's pink sheet expected returns. We can calculate the autocorrelation of TravelSky Technology returns to help us make a trade decision. For example, suppose you find that TravelSky Technology 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 |
TravelSky Technology 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 TravelSky Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TravelSky Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TravelSky Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TravelSky Technology Lagged Returns
When evaluating TravelSky Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TravelSky Technology pink sheet have on its future price. TravelSky Technology 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, TravelSky Technology autocorrelation shows the relationship between TravelSky Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TravelSky Technology Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TravelSky Pink Sheet
TravelSky Technology financial ratios help investors to determine whether TravelSky Pink Sheet 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 TravelSky with respect to the benefits of owning TravelSky Technology security.