TOPPS TILES (Germany) Market Value
| 929 Stock | EUR 0.45 0.01 2.17% |
| Symbol | TOPPS |
TOPPS TILES '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 TOPPS TILES'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 TOPPS TILES.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in TOPPS TILES on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding TOPPS TILES PLC or generate 0.0% return on investment in TOPPS TILES over 720 days. TOPPS TILES is related to or competes with X-FAB Silicon, SEKISUI CHEMICAL, Selective Insurance, Soken Chemical, Sanyo Chemical, Safety Insurance, and Insurance Australia. Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and rela... More
TOPPS TILES 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 TOPPS TILES'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 TOPPS TILES PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.7 |
TOPPS TILES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOPPS TILES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOPPS TILES's standard deviation. In reality, there are many statistical measures that can use TOPPS TILES historical prices to predict the future TOPPS TILES's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.90) |
TOPPS TILES PLC Backtested Returns
TOPPS TILES PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of standard deviation over the last 3 months. TOPPS TILES PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOPPS TILES's variance of 2.81, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TOPPS TILES's returns are expected to increase less than the market. However, during the bear market, the loss of holding TOPPS TILES is expected to be smaller as well. At this point, TOPPS TILES PLC has a negative expected return of -0.3%. Please make sure to validate TOPPS TILES's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if TOPPS TILES PLC performance from the past will be repeated at some future point.
Auto-correlation | 0.06 |
Virtually no predictability
TOPPS TILES PLC has virtually no predictability. Overlapping area represents the amount of predictability between TOPPS TILES time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 TOPPS TILES PLC price movement. The serial correlation of 0.06 indicates that barely 6.0% of current TOPPS TILES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TOPPS TILES PLC lagged returns against current returns
Autocorrelation, which is TOPPS TILES 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 TOPPS TILES's stock expected returns. We can calculate the autocorrelation of TOPPS TILES returns to help us make a trade decision. For example, suppose you find that TOPPS TILES 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 |
TOPPS TILES 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 TOPPS TILES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOPPS TILES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOPPS TILES stock over time.
Current vs Lagged Prices |
| Timeline |
TOPPS TILES Lagged Returns
When evaluating TOPPS TILES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOPPS TILES stock have on its future price. TOPPS TILES 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, TOPPS TILES autocorrelation shows the relationship between TOPPS TILES stock current value and its past values and can show if there is a momentum factor associated with investing in TOPPS TILES PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TOPPS Stock
TOPPS TILES financial ratios help investors to determine whether TOPPS 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 TOPPS with respect to the benefits of owning TOPPS TILES security.