TE CONNECTIV (Germany) Market Value
| 9TC Stock | 141.00 3.00 2.08% |
| Symbol | 9TC |
TE CONNECTIV '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 TE CONNECTIV'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 TE CONNECTIV.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in TE CONNECTIV on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding TE NECTIV N or generate 0.0% return on investment in TE CONNECTIV over 90 days.
TE CONNECTIV 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 TE CONNECTIV'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 TE NECTIV N upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 64.5 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.58 |
TE CONNECTIV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TE CONNECTIV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TE CONNECTIV's standard deviation. In reality, there are many statistical measures that can use TE CONNECTIV historical prices to predict the future TE CONNECTIV's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.8746 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.5968 | |||
| Treynor Ratio | 0.8086 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TE CONNECTIV's 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.
TE CONNECTIV Backtested Returns
TE CONNECTIV is very steady given 3 months investment horizon. TE CONNECTIV retains Efficiency (Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of price deviation over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use TE CONNECTIV Coefficient Of Variation of 751.17, risk adjusted performance of 0.111, and Mean Deviation of 2.21 to evaluate company specific risk that cannot be diversified away. TE CONNECTIV holds a performance score of 10 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of 1.26, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TE CONNECTIV will likely underperform. Use TE CONNECTIV maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on TE CONNECTIV.
Auto-correlation | 0.00 |
No correlation between past and present
TE NECTIV N has no correlation between past and present. Overlapping area represents the amount of predictability between TE CONNECTIV time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 TE CONNECTIV price movement. The serial correlation of 0.0 indicates that just 0.0% of current TE CONNECTIV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 194.25 |
TE CONNECTIV lagged returns against current returns
Autocorrelation, which is TE CONNECTIV 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 TE CONNECTIV's stock expected returns. We can calculate the autocorrelation of TE CONNECTIV returns to help us make a trade decision. For example, suppose you find that TE CONNECTIV 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 |
TE CONNECTIV 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 TE CONNECTIV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TE CONNECTIV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TE CONNECTIV stock over time.
Current vs Lagged Prices |
| Timeline |
TE CONNECTIV Lagged Returns
When evaluating TE CONNECTIV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TE CONNECTIV stock have on its future price. TE CONNECTIV 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, TE CONNECTIV autocorrelation shows the relationship between TE CONNECTIV stock current value and its past values and can show if there is a momentum factor associated with investing in TE NECTIV N.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for 9TC Stock Analysis
When running TE CONNECTIV's price analysis, check to measure TE CONNECTIV's 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 TE CONNECTIV is operating at the current time. Most of TE CONNECTIV's value examination focuses on studying past and present price action to predict the probability of TE CONNECTIV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TE CONNECTIV's price. Additionally, you may evaluate how the addition of TE CONNECTIV to your portfolios can decrease your overall portfolio volatility.