Tecan Group Stock Market Value
| TCHBF Stock | USD 277.00 0.00 0.00% |
| Symbol | Tecan |
Tecan '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 Tecan's 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 Tecan.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Tecan on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Tecan Group or generate 0.0% return on investment in Tecan over 510 days. Tecan is related to or competes with STAAR Surgical, Microbot Medical, Becton Dickinson, West Pharmaceutical, and ResMed. Tecan Group AG provides laboratory instruments and solutions for pharmaceutical and biotechnology companies, university ... More
Tecan 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 Tecan's 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 Tecan Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (2.50) |
Tecan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecan's standard deviation. In reality, there are many statistical measures that can use Tecan historical prices to predict the future Tecan's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.57) |
Tecan Group Backtested Returns
Tecan Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17% return per unit of risk over the last 3 months. Tecan Group exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tecan's Risk Adjusted Performance of (0.12), variance of 3.02, and Coefficient Of Variation of (588.31) to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tecan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tecan is expected to be smaller as well. At this point, Tecan Group has a negative expected return of -0.31%. Please make sure to validate Tecan's information ratio, as well as the relationship between the value at risk and rate of daily change , to decide if Tecan Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Tecan Group has weak predictability. Overlapping area represents the amount of predictability between Tecan time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Tecan Group price movement. The serial correlation of 0.22 indicates that over 22.0% of current Tecan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
Tecan Group lagged returns against current returns
Autocorrelation, which is Tecan 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 Tecan's pink sheet expected returns. We can calculate the autocorrelation of Tecan returns to help us make a trade decision. For example, suppose you find that Tecan 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 |
Tecan 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 Tecan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tecan Lagged Returns
When evaluating Tecan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecan pink sheet have on its future price. Tecan 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, Tecan autocorrelation shows the relationship between Tecan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tecan Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tecan Pink Sheet
Tecan financial ratios help investors to determine whether Tecan Pink Sheet 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 Tecan with respect to the benefits of owning Tecan security.