Travel Leisure (UK) Market Value
| 0M1K Stock | 58.15 5.52 10.49% |
| Symbol | Travel |
Travel Leisure '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 Travel Leisure'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 Travel Leisure.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Travel Leisure on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Travel Leisure Co or generate 0.0% return on investment in Travel Leisure over 30 days. Travel Leisure is related to or competes with Waste Management, EVS Broadcast, Universal Music, Eastman Chemical, Gaztransport. Travel Leisure is entity of United Kingdom More
Travel Leisure 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 Travel Leisure'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 Travel Leisure Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.07 | |||
| Information Ratio | 0.0902 | |||
| Maximum Drawdown | 48.02 | |||
| Value At Risk | (9.63) | |||
| Potential Upside | 10.65 |
Travel Leisure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Travel Leisure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Travel Leisure's standard deviation. In reality, there are many statistical measures that can use Travel Leisure historical prices to predict the future Travel Leisure's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.7142 | |||
| Total Risk Alpha | 0.484 | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | (2.53) |
Travel Leisure Backtested Returns
Travel Leisure appears to be very steady, given 3 months investment horizon. Travel Leisure owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0951, which indicates the firm had a 0.0951% return per unit of risk over the last 3 months. By inspecting Travel Leisure's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please review Travel Leisure's Risk Adjusted Performance of 0.0841, semi deviation of 5.75, and Coefficient Of Variation of 1056.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Travel Leisure holds a performance score of 7. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Travel Leisure are expected to decrease at a much lower rate. During the bear market, Travel Leisure is likely to outperform the market. Please check Travel Leisure's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Travel Leisure's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Travel Leisure Co has poor predictability. Overlapping area represents the amount of predictability between Travel Leisure time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Travel Leisure price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Travel Leisure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 3.56 |
Travel Leisure lagged returns against current returns
Autocorrelation, which is Travel Leisure 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 Travel Leisure's stock expected returns. We can calculate the autocorrelation of Travel Leisure returns to help us make a trade decision. For example, suppose you find that Travel Leisure 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 |
Travel Leisure 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 Travel Leisure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Travel Leisure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Travel Leisure stock over time.
Current vs Lagged Prices |
| Timeline |
Travel Leisure Lagged Returns
When evaluating Travel Leisure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Travel Leisure stock have on its future price. Travel Leisure 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, Travel Leisure autocorrelation shows the relationship between Travel Leisure stock current value and its past values and can show if there is a momentum factor associated with investing in Travel Leisure Co.
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 Tools for Travel Stock Analysis
When running Travel Leisure's price analysis, check to measure Travel Leisure'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 Travel Leisure is operating at the current time. Most of Travel Leisure's value examination focuses on studying past and present price action to predict the probability of Travel Leisure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Travel Leisure's price. Additionally, you may evaluate how the addition of Travel Leisure to your portfolios can decrease your overall portfolio volatility.