Technopro Holdings Stock Market Value
| TCCPY Stock | USD 3.69 0.10 2.79% |
| Symbol | TechnoPro |
TechnoPro Holdings '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 TechnoPro Holdings' pink sheet 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 TechnoPro Holdings.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in TechnoPro Holdings on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding TechnoPro Holdings or generate 0.0% return on investment in TechnoPro Holdings over 360 days. TechnoPro Holdings is related to or competes with Caldwell Partners, Adecco, Kelly Services, Korn Ferry, Heidrick Struggles, Hudson Global, and ManpowerGroup. TechnoPro Holdings, Inc., through its subsidiaries, operates as a technology-focused staffing and services company in Ja... More
TechnoPro Holdings 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 TechnoPro Holdings' pink sheet 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 TechnoPro Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.27 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.95 |
TechnoPro Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechnoPro Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechnoPro Holdings' standard deviation. In reality, there are many statistical measures that can use TechnoPro Holdings historical prices to predict the future TechnoPro Holdings' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.66) |
TechnoPro Holdings Backtested Returns
TechnoPro Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0351, which indicates the firm had a -0.0351% return per unit of risk over the last 3 months. TechnoPro Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TechnoPro Holdings' Risk Adjusted Performance of (0.05), coefficient of variation of (1,386), and Variance of 5.39 to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TechnoPro Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding TechnoPro Holdings is expected to be smaller as well. At this point, TechnoPro Holdings has a negative expected return of -0.0831%. Please make sure to validate TechnoPro Holdings' coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if TechnoPro Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
TechnoPro Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between TechnoPro Holdings time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 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 TechnoPro Holdings price movement. The serial correlation of -0.41 indicates that just about 41.0% of current TechnoPro Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
TechnoPro Holdings lagged returns against current returns
Autocorrelation, which is TechnoPro Holdings pink sheet'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 TechnoPro Holdings' pink sheet expected returns. We can calculate the autocorrelation of TechnoPro Holdings returns to help us make a trade decision. For example, suppose you find that TechnoPro Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
TechnoPro Holdings 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 TechnoPro Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechnoPro Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechnoPro Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TechnoPro Holdings Lagged Returns
When evaluating TechnoPro Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechnoPro Holdings pink sheet have on its future price. TechnoPro Holdings 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, TechnoPro Holdings autocorrelation shows the relationship between TechnoPro Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TechnoPro Holdings.
Regressed Prices |
| Timeline |
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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.Additional Tools for TechnoPro Pink Sheet Analysis
When running TechnoPro Holdings' price analysis, check to measure TechnoPro Holdings' 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 TechnoPro Holdings is operating at the current time. Most of TechnoPro Holdings' value examination focuses on studying past and present price action to predict the probability of TechnoPro Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechnoPro Holdings' price. Additionally, you may evaluate how the addition of TechnoPro Holdings to your portfolios can decrease your overall portfolio volatility.