TMX GROUP (Germany) Market Value
| 9TX Stock | EUR 29.20 0.40 1.39% |
| Symbol | TMX |
TMX GROUP '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 TMX GROUP'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 TMX GROUP.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in TMX GROUP on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding TMX GROUP LTD or generate 0.0% return on investment in TMX GROUP over 30 days. TMX GROUP is related to or competes with CME, Hong Kong, London Stock, and DEUTSCHE BOERSE. TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internatio... More
TMX GROUP 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 TMX GROUP'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 TMX GROUP LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.2 |
TMX GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TMX GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TMX GROUP's standard deviation. In reality, there are many statistical measures that can use TMX GROUP historical prices to predict the future TMX GROUP's volatility.| Risk Adjusted Performance | 0.0515 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1336 |
TMX GROUP LTD Backtested Returns
At this point, TMX GROUP is very steady. TMX GROUP LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0485, which indicates the firm had a 0.0485% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TMX GROUP LTD, which you can use to evaluate the volatility of the company. Please validate TMX GROUP's Semi Deviation of 1.45, coefficient of variation of 1678.56, and Risk Adjusted Performance of 0.0515 to confirm if the risk estimate we provide is consistent with the expected return of 0.0921%. TMX GROUP has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TMX GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding TMX GROUP is expected to be smaller as well. TMX GROUP LTD presently has a risk of 1.9%. Please validate TMX GROUP sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if TMX GROUP will be following its existing price patterns.
Auto-correlation | 0.23 |
Weak predictability
TMX GROUP LTD has weak predictability. Overlapping area represents the amount of predictability between TMX GROUP time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 TMX GROUP LTD price movement. The serial correlation of 0.23 indicates that over 23.0% of current TMX GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
TMX GROUP LTD lagged returns against current returns
Autocorrelation, which is TMX GROUP 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 TMX GROUP's stock expected returns. We can calculate the autocorrelation of TMX GROUP returns to help us make a trade decision. For example, suppose you find that TMX GROUP 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 |
TMX GROUP 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 TMX GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TMX GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TMX GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
TMX GROUP Lagged Returns
When evaluating TMX GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TMX GROUP stock have on its future price. TMX GROUP 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, TMX GROUP autocorrelation shows the relationship between TMX GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in TMX GROUP LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TMX Stock
TMX GROUP financial ratios help investors to determine whether TMX 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 TMX with respect to the benefits of owning TMX GROUP security.