Tva Group Stock Market Value
| TVA-B Stock | CAD 0.93 0.02 2.11% |
| Symbol | TVA |
TVA '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 TVA'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 TVA.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in TVA on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding TVA Group or generate 0.0% return on investment in TVA over 720 days. TVA is related to or competes with Velan, Dorel Industries, and Goodfellow. It operates through three segments Broadcasting Production Magazines and Film Production Audiovisual Services More
TVA 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 TVA'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 TVA Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.79 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 31.42 | |||
| Value At Risk | (11.46) | |||
| Potential Upside | 12.87 |
TVA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TVA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TVA's standard deviation. In reality, there are many statistical measures that can use TVA historical prices to predict the future TVA's volatility.| Risk Adjusted Performance | 0.0282 | |||
| Jensen Alpha | 0.2061 | |||
| Total Risk Alpha | 0.3659 | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 0.0837 |
TVA Group Backtested Returns
Currently, TVA Group is abnormally volatile. TVA Group retains Efficiency (Sharpe Ratio) of 0.0261, which indicates the firm had a 0.0261 % return per unit of risk over the last 3 months. We have found thirty technical indicators for TVA, which you can use to evaluate the volatility of the company. Please validate TVA's downside deviation of 7.79, and Risk Adjusted Performance of 0.0282 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. TVA has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 1.93, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TVA will likely underperform. TVA Group currently owns a risk of 6.49%. Please validate TVA Group semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if TVA Group will be following its current price history.
Auto-correlation | 0.85 |
Very good predictability
TVA Group has very good predictability. Overlapping area represents the amount of predictability between TVA time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 TVA Group price movement. The serial correlation of 0.85 indicates that around 85.0% of current TVA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TVA Group lagged returns against current returns
Autocorrelation, which is TVA 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 TVA's stock expected returns. We can calculate the autocorrelation of TVA returns to help us make a trade decision. For example, suppose you find that TVA 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 |
TVA 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 TVA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TVA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TVA stock over time.
Current vs Lagged Prices |
| Timeline |
TVA Lagged Returns
When evaluating TVA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TVA stock have on its future price. TVA 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, TVA autocorrelation shows the relationship between TVA stock current value and its past values and can show if there is a momentum factor associated with investing in TVA Group.
Regressed Prices |
| Timeline |
Pair Trading with TVA
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 TVA 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 TVA will appreciate offsetting losses from the drop in the long position's value.Moving against TVA Stock
| 0.46 | JPM | JPMorgan Chase | PairCorr |
| 0.46 | CEF-U | Sprott Physical Gold | PairCorr |
| 0.38 | TD | Toronto Dominion Bank | PairCorr |
| 0.37 | BOFA | Bank of America | PairCorr |
| 0.36 | ABX | Barrick Gold Corp | PairCorr |
The ability to find closely correlated positions to TVA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TVA 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 TVA - 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 TVA Group to buy it.
The correlation of TVA 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 TVA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TVA Group 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 TVA 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 TVA Stock Analysis
When running TVA's price analysis, check to measure TVA'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 TVA is operating at the current time. Most of TVA's value examination focuses on studying past and present price action to predict the probability of TVA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TVA's price. Additionally, you may evaluate how the addition of TVA to your portfolios can decrease your overall portfolio volatility.