Teco 2030 Asa Stock Market Value
| TECFF Stock | USD 0.03 0.00 0.00% |
| Symbol | TECO |
TECO 2030 '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 TECO 2030'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 TECO 2030.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in TECO 2030 on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding TECO 2030 ASA or generate 0.0% return on investment in TECO 2030 over 720 days. TECO 2030 is related to or competes with Schneider Electric, Nordex SE, Xinjiang Goldwind, Nordex SE, SMC Corp, Schneider Electric, and Atlas Copco. TECO 2030 ASA, together with its subsidiaries, operates as an engineering and equipment development company for the mari... More
TECO 2030 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 TECO 2030'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 TECO 2030 ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 126.67 |
TECO 2030 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TECO 2030's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TECO 2030's standard deviation. In reality, there are many statistical measures that can use TECO 2030 historical prices to predict the future TECO 2030's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (2.51) | |||
| Treynor Ratio | 2.7 |
TECO 2030 ASA Backtested Returns
TECO 2030 ASA retains Efficiency (Sharpe Ratio) of -0.0553, which indicates the firm had a -0.0553% return per unit of volatility over the last 3 months. TECO 2030 exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TECO 2030's standard deviation of 11.75, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TECO 2030 are expected to decrease at a much lower rate. During the bear market, TECO 2030 is likely to outperform the market. At this point, TECO 2030 ASA has a negative expected return of -0.65%. Please make sure to validate TECO 2030's information ratio, as well as the relationship between the skewness and day median price , to decide if TECO 2030 ASA performance from the past will be repeated in the future.
Auto-correlation | 0.79 |
Good predictability
TECO 2030 ASA has good predictability. Overlapping area represents the amount of predictability between TECO 2030 time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 TECO 2030 ASA price movement. The serial correlation of 0.79 indicates that around 79.0% of current TECO 2030 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TECO 2030 ASA lagged returns against current returns
Autocorrelation, which is TECO 2030 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 TECO 2030's pink sheet expected returns. We can calculate the autocorrelation of TECO 2030 returns to help us make a trade decision. For example, suppose you find that TECO 2030 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 |
TECO 2030 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 TECO 2030 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TECO 2030 pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TECO 2030 pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TECO 2030 Lagged Returns
When evaluating TECO 2030's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TECO 2030 pink sheet have on its future price. TECO 2030 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, TECO 2030 autocorrelation shows the relationship between TECO 2030 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TECO 2030 ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TECO Pink Sheet
TECO 2030 financial ratios help investors to determine whether TECO 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 TECO with respect to the benefits of owning TECO 2030 security.