Tamtron Group's market value is the price at which a share of Tamtron Group trades on a public exchange. It measures the collective expectations of Tamtron Group Oyj investors about its performance. Tamtron Group is selling at 5.76 as of the 30th of November 2024; that is 2.7 percent decrease since the beginning of the trading day. The stock's open price was 5.92. With this module, you can estimate the performance of a buy and hold strategy of Tamtron Group Oyj and determine expected loss or profit from investing in Tamtron Group over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Tamtron
Tamtron 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 Tamtron 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 Tamtron Group.
0.00
02/04/2024
No Change 0.00
0.0
In 9 months and 27 days
11/30/2024
0.00
If you would invest 0.00 in Tamtron Group on February 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tamtron Group Oyj or generate 0.0% return on investment in Tamtron Group over 300 days.
Tamtron 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 Tamtron 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 Tamtron Group Oyj upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamtron Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamtron Group's standard deviation. In reality, there are many statistical measures that can use Tamtron Group historical prices to predict the future Tamtron Group's volatility.
As of now, Tamtron Stock is somewhat reliable. Tamtron Group Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0729, which indicates the firm had a 0.0729% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tamtron Group Oyj, which you can use to evaluate the volatility of the company. Please validate Tamtron Group's Risk Adjusted Performance of 0.0578, semi deviation of 1.38, and Coefficient Of Variation of 1454.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Tamtron Group has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tamtron Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamtron Group is expected to be smaller as well. Tamtron Group Oyj right now has a risk of 1.62%. Please validate Tamtron Group value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Tamtron Group will be following its existing price patterns.
Auto-correlation
-0.32
Poor reverse predictability
Tamtron Group Oyj has poor reverse predictability. Overlapping area represents the amount of predictability between Tamtron Group time series from 4th of February 2024 to 3rd of July 2024 and 3rd of July 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 Tamtron Group Oyj price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Tamtron Group price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.32
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
0.04
Tamtron Group Oyj lagged returns against current returns
Autocorrelation, which is Tamtron 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 Tamtron Group's stock expected returns. We can calculate the autocorrelation of Tamtron Group returns to help us make a trade decision. For example, suppose you find that Tamtron 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
Tamtron 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 Tamtron Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamtron Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamtron Group stock over time.
Current vs Lagged Prices
Timeline
Tamtron Group Lagged Returns
When evaluating Tamtron Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamtron Group stock have on its future price. Tamtron 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, Tamtron Group autocorrelation shows the relationship between Tamtron Group stock current value and its past values and can show if there is a momentum factor associated with investing in Tamtron Group Oyj.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.