TT Electronics (Germany) Market Value
| 7TT Stock | 1.29 0.12 8.51% |
| Symbol | 7TT |
TT Electronics '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 TT Electronics' 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 TT Electronics.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in TT Electronics on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding TT Electronics PLC or generate 0.0% return on investment in TT Electronics over 390 days. TT Electronics is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
TT Electronics 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 TT Electronics' 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 TT Electronics PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.39 | |||
| Value At Risk | (7.00) | |||
| Potential Upside | 3.57 |
TT Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TT Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TT Electronics' standard deviation. In reality, there are many statistical measures that can use TT Electronics historical prices to predict the future TT Electronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | 0.2977 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TT Electronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TT Electronics PLC Backtested Returns
TT Electronics appears to be extremely dangerous, given 3 months investment horizon. TT Electronics PLC retains Efficiency (Sharpe Ratio) of 0.0627, which indicates the firm had a 0.0627% return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for TT Electronics, which you can use to evaluate the volatility of the company. Please review TT Electronics' Risk Adjusted Performance of (0.01), standard deviation of 5.83, and Mean Deviation of 2.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TT Electronics holds a performance score of 4. The entity owns a Beta (Systematic Risk) of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TT Electronics are expected to decrease at a much lower rate. During the bear market, TT Electronics is likely to outperform the market. Please check TT Electronics' standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to make a quick decision on whether TT Electronics' current price history will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
TT Electronics PLC has very good reverse predictability. Overlapping area represents the amount of predictability between TT Electronics time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 TT Electronics PLC price movement. The serial correlation of -0.67 indicates that around 67.0% of current TT Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
TT Electronics PLC lagged returns against current returns
Autocorrelation, which is TT Electronics 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 TT Electronics' stock expected returns. We can calculate the autocorrelation of TT Electronics returns to help us make a trade decision. For example, suppose you find that TT Electronics 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 |
TT Electronics 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 TT Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TT Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TT Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
TT Electronics Lagged Returns
When evaluating TT Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TT Electronics stock have on its future price. TT Electronics 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, TT Electronics autocorrelation shows the relationship between TT Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in TT Electronics PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 7TT Stock Analysis
When running TT Electronics' price analysis, check to measure TT Electronics' 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 TT Electronics is operating at the current time. Most of TT Electronics' value examination focuses on studying past and present price action to predict the probability of TT Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TT Electronics' price. Additionally, you may evaluate how the addition of TT Electronics to your portfolios can decrease your overall portfolio volatility.