TechnoPro Holdings (Germany) Market Value
| 30T Stock | EUR 16.90 0.20 1.20% |
| Symbol | TechnoPro |
TechnoPro Holdings '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 TechnoPro Holdings' 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 TechnoPro Holdings.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TechnoPro Holdings on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding TechnoPro Holdings or generate 0.0% return on investment in TechnoPro Holdings over 60 days. TechnoPro Holdings is related to or competes with Data3, Silicon Motion, SEKISUI CHEMICAL, Pure Storage, Hyrican Informationssyst, Fidelity National, and Datadog. TechnoPro Holdings, Inc. operates as a technology-focused staffing and services company in Japan and China More
TechnoPro Holdings 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 TechnoPro Holdings' 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 TechnoPro Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.69 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.76 |
TechnoPro Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechnoPro Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechnoPro Holdings' standard deviation. In reality, there are many statistical measures that can use TechnoPro Holdings historical prices to predict the future TechnoPro Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 5.32 |
TechnoPro Holdings Backtested Returns
TechnoPro Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.059, which indicates the firm had a -0.059% return per unit of risk over the last 3 months. TechnoPro Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TechnoPro Holdings' Coefficient Of Variation of (1,575), risk adjusted performance of (0.04), and Variance of 2.48 to confirm the risk estimate we provide. The entity has a beta of -0.0207, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TechnoPro Holdings are expected to decrease at a much lower rate. During the bear market, TechnoPro Holdings is likely to outperform the market. At this point, TechnoPro Holdings has a negative expected return of -0.0933%. Please make sure to validate TechnoPro Holdings' mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if TechnoPro Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
TechnoPro Holdings has weak predictability. Overlapping area represents the amount of predictability between TechnoPro Holdings time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 TechnoPro Holdings price movement. The serial correlation of 0.22 indicates that over 22.0% of current TechnoPro Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
TechnoPro Holdings lagged returns against current returns
Autocorrelation, which is TechnoPro Holdings 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 TechnoPro Holdings' stock expected returns. We can calculate the autocorrelation of TechnoPro Holdings returns to help us make a trade decision. For example, suppose you find that TechnoPro Holdings 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 |
TechnoPro Holdings 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 TechnoPro Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechnoPro Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechnoPro Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
TechnoPro Holdings Lagged Returns
When evaluating TechnoPro Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechnoPro Holdings stock have on its future price. TechnoPro Holdings 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, TechnoPro Holdings autocorrelation shows the relationship between TechnoPro Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in TechnoPro Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TechnoPro Stock
TechnoPro Holdings financial ratios help investors to determine whether TechnoPro 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 TechnoPro with respect to the benefits of owning TechnoPro Holdings security.