Technip Energies (France) Market Value
| TE Stock | EUR 22.54 0.10 0.44% |
| Symbol | Technip |
Technip Energies '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 Technip Energies' 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 Technip Energies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Technip Energies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Technip Energies BV or generate 0.0% return on investment in Technip Energies over 30 days. Technip Energies is related to or competes with Gaztransport Technigaz, TotalEnergies, Neoen SA, Rubis SCA, and Eramet SA. Technip Energies B.V. operates as an engineering technology company for the energy transition in Europe, Russia, the Asi... More
Technip Energies 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 Technip Energies' 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 Technip Energies BV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.4 |
Technip Energies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technip Energies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technip Energies' standard deviation. In reality, there are many statistical measures that can use Technip Energies historical prices to predict the future Technip Energies' volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.0874 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0153 | |||
| Treynor Ratio | 0.2889 |
Technip Energies Backtested Returns
At this point, Technip Energies is very steady. Technip Energies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0437, which indicates the firm had a 0.0437% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Technip Energies BV, which you can use to evaluate the volatility of the company. Please validate Technip Energies' Semi Deviation of 1.79, risk adjusted performance of 0.0598, and Coefficient Of Variation of 1439.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Technip Energies has a performance score of 3 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, Technip Energies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Technip Energies is expected to be smaller as well. Technip Energies right now has a risk of 2.3%. Please validate Technip Energies coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Technip Energies will be following its existing price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Technip Energies BV has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Technip Energies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Technip Energies price movement. The serial correlation of -0.72 indicates that around 72.0% of current Technip Energies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Technip Energies lagged returns against current returns
Autocorrelation, which is Technip Energies 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 Technip Energies' stock expected returns. We can calculate the autocorrelation of Technip Energies returns to help us make a trade decision. For example, suppose you find that Technip Energies 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 |
Technip Energies 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 Technip Energies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technip Energies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technip Energies stock over time.
Current vs Lagged Prices |
| Timeline |
Technip Energies Lagged Returns
When evaluating Technip Energies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technip Energies stock have on its future price. Technip Energies 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, Technip Energies autocorrelation shows the relationship between Technip Energies stock current value and its past values and can show if there is a momentum factor associated with investing in Technip Energies BV.
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.Other Information on Investing in Technip Stock
Technip Energies financial ratios help investors to determine whether Technip 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 Technip with respect to the benefits of owning Technip Energies security.