Technos SA (Brazil) Market Value
| TECN3 Stock | BRL 5.51 0.23 4.01% |
| Symbol | Technos |
Technos SA '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 Technos SA'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 Technos SA.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Technos SA on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Technos SA or generate 0.0% return on investment in Technos SA over 90 days. Technos SA is related to or competes with Baidu, Deutsche Bank, HSBC Holdings, Bank Of, Banco Do, and Alibaba Group. Technos S.A., together with its subsidiaries, engages in developing, assembling, and distributing watches More
Technos SA 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 Technos SA'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 Technos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.33 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 6.13 |
Technos SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technos SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technos SA's standard deviation. In reality, there are many statistical measures that can use Technos SA historical prices to predict the future Technos SA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.6286 |
Technos SA Backtested Returns
Currently, Technos SA is slightly risky. Technos SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0183, which indicates the firm had a 0.0183% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Technos SA, which you can use to evaluate the volatility of the company. Please validate Technos SA's Coefficient Of Variation of (3,419), variance of 8.72, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0537%. Technos SA has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Technos SA are expected to decrease at a much lower rate. During the bear market, Technos SA is likely to outperform the market. Technos SA right now has a risk of 2.94%. Please validate Technos SA jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Technos SA will be following its existing price patterns.
Auto-correlation | 0.24 |
Weak predictability
Technos SA has weak predictability. Overlapping area represents the amount of predictability between Technos SA time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Technos SA price movement. The serial correlation of 0.24 indicates that over 24.0% of current Technos SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Technos SA lagged returns against current returns
Autocorrelation, which is Technos SA 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 Technos SA's stock expected returns. We can calculate the autocorrelation of Technos SA returns to help us make a trade decision. For example, suppose you find that Technos SA 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 |
Technos SA 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 Technos SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technos SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technos SA stock over time.
Current vs Lagged Prices |
| Timeline |
Technos SA Lagged Returns
When evaluating Technos SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technos SA stock have on its future price. Technos SA 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, Technos SA autocorrelation shows the relationship between Technos SA stock current value and its past values and can show if there is a momentum factor associated with investing in Technos SA.
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 Technos Stock Analysis
When running Technos SA's price analysis, check to measure Technos SA's 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 Technos SA is operating at the current time. Most of Technos SA's value examination focuses on studying past and present price action to predict the probability of Technos SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Technos SA's price. Additionally, you may evaluate how the addition of Technos SA to your portfolios can decrease your overall portfolio volatility.