Titan Machinery (Germany) Market Value
| 3TY Stock | EUR 13.70 0.50 3.79% |
| Symbol | Titan |
Titan Machinery '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 Titan Machinery'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 Titan Machinery.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Titan Machinery on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Titan Machinery or generate 0.0% return on investment in Titan Machinery over 510 days. Titan Machinery is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores More
Titan Machinery 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 Titan Machinery'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 Titan Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 5.47 |
Titan Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Titan Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Titan Machinery's standard deviation. In reality, there are many statistical measures that can use Titan Machinery historical prices to predict the future Titan Machinery's volatility.| Risk Adjusted Performance | 0.0599 | |||
| Jensen Alpha | 0.1481 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0261 | |||
| Treynor Ratio | 0.4671 |
Titan Machinery Backtested Returns
At this point, Titan Machinery is somewhat reliable. Titan Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0617, which indicates the firm had a 0.0617% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Titan Machinery, which you can use to evaluate the volatility of the company. Please validate Titan Machinery's Semi Deviation of 2.45, risk adjusted performance of 0.0599, and Coefficient Of Variation of 1458.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Titan Machinery has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Titan Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Titan Machinery is expected to be smaller as well. Titan Machinery right now has a risk of 3.07%. Please validate Titan Machinery jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if Titan Machinery will be following its existing price patterns.
Auto-correlation | 0.75 |
Good predictability
Titan Machinery has good predictability. Overlapping area represents the amount of predictability between Titan Machinery time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Titan Machinery price movement. The serial correlation of 0.75 indicates that around 75.0% of current Titan Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 13.9 |
Titan Machinery lagged returns against current returns
Autocorrelation, which is Titan Machinery 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 Titan Machinery's stock expected returns. We can calculate the autocorrelation of Titan Machinery returns to help us make a trade decision. For example, suppose you find that Titan Machinery 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 |
Titan Machinery 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 Titan Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Titan Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Titan Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Titan Machinery Lagged Returns
When evaluating Titan Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Titan Machinery stock have on its future price. Titan Machinery 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, Titan Machinery autocorrelation shows the relationship between Titan Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Titan Machinery.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Titan Stock
When determining whether Titan Machinery offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Titan Machinery's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Titan Machinery Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Titan Machinery Stock:Check out Titan Machinery Correlation, Titan Machinery Volatility and Titan Machinery Alpha and Beta module to complement your research on Titan Machinery. For more detail on how to invest in Titan Stock please use our How to Invest in Titan Machinery guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Titan Machinery technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.