TEN SQUARE (Germany) Market Value
| 1HQ Stock | EUR 17.78 0.20 1.11% |
| Symbol | TEN |
TEN SQUARE '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 TEN SQUARE'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 TEN SQUARE.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in TEN SQUARE on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding TEN SQUARE GAMES or generate 0.0% return on investment in TEN SQUARE over 30 days. TEN SQUARE is related to or competes with NEXON, NEXON, Take Two, Aristocrat Leisure, and Bilibili. Ten Square Games S.A. engages in the mobile games development business worldwide More
TEN SQUARE 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 TEN SQUARE'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 TEN SQUARE GAMES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.77 |
TEN SQUARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TEN SQUARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TEN SQUARE's standard deviation. In reality, there are many statistical measures that can use TEN SQUARE historical prices to predict the future TEN SQUARE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.405 |
TEN SQUARE GAMES Backtested Returns
TEN SQUARE GAMES owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of standard deviation over the last 3 months. TEN SQUARE GAMES exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TEN SQUARE's risk adjusted performance of (0.03), and Variance of 3.73 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TEN SQUARE are expected to decrease at a much lower rate. During the bear market, TEN SQUARE is likely to outperform the market. At this point, TEN SQUARE GAMES has a negative expected return of -0.0147%. Please make sure to validate TEN SQUARE's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if TEN SQUARE GAMES performance from the past will be repeated at future time.
Auto-correlation | 0.09 |
Virtually no predictability
TEN SQUARE GAMES has virtually no predictability. Overlapping area represents the amount of predictability between TEN SQUARE time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 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 TEN SQUARE GAMES price movement. The serial correlation of 0.09 indicates that less than 9.0% of current TEN SQUARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
TEN SQUARE GAMES lagged returns against current returns
Autocorrelation, which is TEN SQUARE 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 TEN SQUARE's stock expected returns. We can calculate the autocorrelation of TEN SQUARE returns to help us make a trade decision. For example, suppose you find that TEN SQUARE 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 |
TEN SQUARE 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 TEN SQUARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TEN SQUARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TEN SQUARE stock over time.
Current vs Lagged Prices |
| Timeline |
TEN SQUARE Lagged Returns
When evaluating TEN SQUARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TEN SQUARE stock have on its future price. TEN SQUARE 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, TEN SQUARE autocorrelation shows the relationship between TEN SQUARE stock current value and its past values and can show if there is a momentum factor associated with investing in TEN SQUARE GAMES.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TEN Stock
TEN SQUARE financial ratios help investors to determine whether TEN Stock 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 TEN with respect to the benefits of owning TEN SQUARE security.