TYSNES SPAREBANK (Germany) Market Value
| 8QC Stock | EUR 9.77 0.06 0.62% |
| Symbol | TYSNES |
TYSNES SPAREBANK '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 TYSNES SPAREBANK'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 TYSNES SPAREBANK.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in TYSNES SPAREBANK on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding TYSNES SPAREBANK NK or generate 0.0% return on investment in TYSNES SPAREBANK over 30 days. TYSNES SPAREBANK is related to or competes with POSBO UNSPADRS20YC1, Postal Savings, UTD OV, Superior Plus, SIVERS SEMICONDUCTORS, RYOHIN UNSPADR1, and Vanguard Funds. Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness a... More
TYSNES SPAREBANK 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 TYSNES SPAREBANK'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 TYSNES SPAREBANK NK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.58 |
TYSNES SPAREBANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TYSNES SPAREBANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TYSNES SPAREBANK's standard deviation. In reality, there are many statistical measures that can use TYSNES SPAREBANK historical prices to predict the future TYSNES SPAREBANK's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.06) |
TYSNES SPAREBANK Backtested Returns
TYSNES SPAREBANK owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0358, which indicates the firm had a -0.0358% return per unit of standard deviation over the last 3 months. TYSNES SPAREBANK NK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TYSNES SPAREBANK's risk adjusted performance of (0.01), and Variance of 1.28 to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TYSNES SPAREBANK's returns are expected to increase less than the market. However, during the bear market, the loss of holding TYSNES SPAREBANK is expected to be smaller as well. At this point, TYSNES SPAREBANK has a negative expected return of -0.0408%. Please make sure to validate TYSNES SPAREBANK's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if TYSNES SPAREBANK performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
TYSNES SPAREBANK NK has very weak reverse predictability. Overlapping area represents the amount of predictability between TYSNES SPAREBANK time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 TYSNES SPAREBANK price movement. The serial correlation of -0.1 indicates that less than 10.0% of current TYSNES SPAREBANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TYSNES SPAREBANK lagged returns against current returns
Autocorrelation, which is TYSNES SPAREBANK 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 TYSNES SPAREBANK's stock expected returns. We can calculate the autocorrelation of TYSNES SPAREBANK returns to help us make a trade decision. For example, suppose you find that TYSNES SPAREBANK 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 |
TYSNES SPAREBANK 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 TYSNES SPAREBANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TYSNES SPAREBANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TYSNES SPAREBANK stock over time.
Current vs Lagged Prices |
| Timeline |
TYSNES SPAREBANK Lagged Returns
When evaluating TYSNES SPAREBANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TYSNES SPAREBANK stock have on its future price. TYSNES SPAREBANK 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, TYSNES SPAREBANK autocorrelation shows the relationship between TYSNES SPAREBANK stock current value and its past values and can show if there is a momentum factor associated with investing in TYSNES SPAREBANK NK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TYSNES Stock
TYSNES SPAREBANK financial ratios help investors to determine whether TYSNES 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 TYSNES with respect to the benefits of owning TYSNES SPAREBANK security.