Tubize Fin (Belgium) Market Value
| TUB Stock | EUR 137.80 1.60 1.17% |
| Symbol | Tubize |
Tubize Fin '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 Tubize Fin'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 Tubize Fin.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Tubize Fin on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Tubize Fin or generate 0.0% return on investment in Tubize Fin over 540 days. Tubize Fin is related to or competes with Groep Brussel, Ackermans Van, Tessenderlo, Sofina Socit, and GIMV NV. Financire de Tubize S.A., through its interest in UCB, operates as a biopharmaceutical company worldwide More
Tubize Fin 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 Tubize Fin'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 Tubize Fin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.6 |
Tubize Fin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tubize Fin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tubize Fin's standard deviation. In reality, there are many statistical measures that can use Tubize Fin historical prices to predict the future Tubize Fin's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1947 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0332 | |||
| Treynor Ratio | 2.75 |
Tubize Fin Backtested Returns
Tubize Fin appears to be very steady, given 3 months investment horizon. Tubize Fin owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tubize Fin, which you can use to evaluate the volatility of the company. Please review Tubize Fin's Risk Adjusted Performance of 0.0947, coefficient of variation of 860.39, and Semi Deviation of 1.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tubize Fin holds a performance score of 8. The entity has a beta of 0.0742, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tubize Fin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tubize Fin is expected to be smaller as well. Please check Tubize Fin's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Tubize Fin's existing price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Tubize Fin has below average predictability. Overlapping area represents the amount of predictability between Tubize Fin time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Tubize Fin price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Tubize Fin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 343.21 |
Tubize Fin lagged returns against current returns
Autocorrelation, which is Tubize Fin 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 Tubize Fin's stock expected returns. We can calculate the autocorrelation of Tubize Fin returns to help us make a trade decision. For example, suppose you find that Tubize Fin 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 |
Tubize Fin 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 Tubize Fin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tubize Fin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tubize Fin stock over time.
Current vs Lagged Prices |
| Timeline |
Tubize Fin Lagged Returns
When evaluating Tubize Fin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tubize Fin stock have on its future price. Tubize Fin 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, Tubize Fin autocorrelation shows the relationship between Tubize Fin stock current value and its past values and can show if there is a momentum factor associated with investing in Tubize Fin.
Regressed Prices |
| Timeline |
Pair Trading with Tubize Fin
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 Tubize Fin 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 Tubize Fin will appreciate offsetting losses from the drop in the long position's value.Moving against Tubize Stock
| 0.74 | DEME | DEME Group NV | PairCorr |
| 0.62 | VGP | VGP NV | PairCorr |
| 0.58 | COMB | Compagnie du Bois | PairCorr |
| 0.44 | COFB | Cofinimmo SA | PairCorr |
| 0.32 | BNB | Banque nationale | PairCorr |
The ability to find closely correlated positions to Tubize Fin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tubize Fin 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 Tubize Fin - 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 Tubize Fin to buy it.
The correlation of Tubize Fin 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 Tubize Fin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tubize Fin 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 Tubize Fin 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.Additional Tools for Tubize Stock Analysis
When running Tubize Fin's price analysis, check to measure Tubize Fin'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 Tubize Fin is operating at the current time. Most of Tubize Fin's value examination focuses on studying past and present price action to predict the probability of Tubize Fin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tubize Fin's price. Additionally, you may evaluate how the addition of Tubize Fin to your portfolios can decrease your overall portfolio volatility.