Turism Hotelur (Romania) Market Value
| EFO Stock | 0.45 0.01 2.27% |
| Symbol | Turism |
Please note, there is a significant difference between Turism Hotelur's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turism Hotelur is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turism Hotelur's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Turism Hotelur '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 Turism Hotelur'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 Turism Hotelur.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Turism Hotelur on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Turism Hotelur or generate 0.0% return on investment in Turism Hotelur over 30 days. More
Turism Hotelur 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 Turism Hotelur'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 Turism Hotelur upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 16.41 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.0 |
Turism Hotelur Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turism Hotelur's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turism Hotelur's standard deviation. In reality, there are many statistical measures that can use Turism Hotelur historical prices to predict the future Turism Hotelur's volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.184 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | (0.26) |
Turism Hotelur Backtested Returns
As of now, Turism Stock is abnormally volatile. Turism Hotelur owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0518, which indicates the firm had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Turism Hotelur, which you can use to evaluate the volatility of the company. Please validate Turism Hotelur's Semi Deviation of 1.97, coefficient of variation of 1954.56, and Risk Adjusted Performance of 0.0463 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Turism Hotelur has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Turism Hotelur are expected to decrease at a much lower rate. During the bear market, Turism Hotelur is likely to outperform the market. Turism Hotelur right now has a risk of 2.78%. Please validate Turism Hotelur semi variance, day median price, and the relationship between the value at risk and kurtosis , to decide if Turism Hotelur will be following its existing price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Turism Hotelur has weak reverse predictability. Overlapping area represents the amount of predictability between Turism Hotelur time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Turism Hotelur price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Turism Hotelur price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Turism Hotelur lagged returns against current returns
Autocorrelation, which is Turism Hotelur 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 Turism Hotelur's stock expected returns. We can calculate the autocorrelation of Turism Hotelur returns to help us make a trade decision. For example, suppose you find that Turism Hotelur 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 |
Turism Hotelur 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 Turism Hotelur stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turism Hotelur stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turism Hotelur stock over time.
Current vs Lagged Prices |
| Timeline |
Turism Hotelur Lagged Returns
When evaluating Turism Hotelur's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turism Hotelur stock have on its future price. Turism Hotelur 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, Turism Hotelur autocorrelation shows the relationship between Turism Hotelur stock current value and its past values and can show if there is a momentum factor associated with investing in Turism Hotelur.
Regressed Prices |
| Timeline |
Pair Trading with Turism Hotelur
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Turism Hotelur position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Turism Hotelur will appreciate offsetting losses from the drop in the long position's value.Moving against Turism Stock
| 0.62 | TRP | Teraplast Bist | PairCorr |
| 0.61 | CMP | Compa Sibiu | PairCorr |
| 0.56 | ELGS | Electroarges S | PairCorr |
| 0.4 | IARV | IAR SA | PairCorr |
The ability to find closely correlated positions to Turism Hotelur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turism Hotelur when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Turism Hotelur - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Turism Hotelur to buy it.
The correlation of Turism Hotelur is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Turism Hotelur moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turism Hotelur moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Turism Hotelur can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Turism Stock
Turism Hotelur financial ratios help investors to determine whether Turism 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 Turism with respect to the benefits of owning Turism Hotelur security.