Teco 2030 (Norway) Market Value
| TECO Stock | 0.22 0.02 10.00% |
| 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 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 Teco 2030.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Teco 2030 on October 23, 2024 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 30 days. Teco 2030 is related to or competes with PCI Biotech, Awilco Drilling, Norwegian Air, Grieg Seafood, Napatech, Clean Seas, and Waste Plastic. 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 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 Teco 2030 Asa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 66.56 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 19.05 |
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 | (0.12) | |||
| Jensen Alpha | (1.88) | |||
| Total Risk Alpha | (3.54) | |||
| Treynor Ratio | 2.21 |
Teco 2030 Asa Backtested Returns
Teco 2030 Asa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Teco 2030 Asa exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teco 2030's Risk Adjusted Performance of (0.12), coefficient of variation of (611.36), and Variance of 144.03 to confirm the risk estimate we provide. The entity has a beta of -0.89, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Teco 2030 are expected to decrease slowly. On the other hand, during market turmoil, Teco 2030 is expected to outperform it slightly. At this point, Teco 2030 Asa has a negative expected return of -1.86%. Please make sure to validate Teco 2030's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Teco 2030 Asa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Teco 2030 Asa has modest reverse predictability. Overlapping area represents the amount of predictability between Teco 2030 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 -0.42 indicates that just about 42.0% of current Teco 2030 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Teco 2030 Asa lagged returns against current returns
Autocorrelation, which is Teco 2030 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 Teco 2030's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teco 2030 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teco 2030 stock 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 stock 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 stock 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 |
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Teco 2030 financial ratios help investors to determine whether Teco 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 Teco with respect to the benefits of owning Teco 2030 security.