Texaf SA (Belgium) Market Value
| TEXF Stock | EUR 34.20 0.60 1.72% |
| Symbol | Texaf |
Texaf 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 Texaf 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 Texaf SA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Texaf SA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Texaf SA or generate 0.0% return on investment in Texaf SA over 30 days. Texaf SA is related to or competes with Sipef NV, Tessenderlo, Tubize Fin, GIMV NV, and Brederode. Texaf, S.A. owns, develops, and leases real estate properties in Kinshasa More
Texaf 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 Texaf 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 Texaf SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.67 |
Texaf SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texaf SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texaf SA's standard deviation. In reality, there are many statistical measures that can use Texaf SA historical prices to predict the future Texaf SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.29) |
Texaf SA Backtested Returns
Texaf SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0364, which indicates the firm had a -0.0364% return per unit of risk over the last 3 months. Texaf SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texaf SA's Variance of 1.12, coefficient of variation of (2,264), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Texaf SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Texaf SA is expected to be smaller as well. At this point, Texaf SA has a negative expected return of -0.0388%. Please make sure to validate Texaf SA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Texaf SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Texaf SA has average predictability. Overlapping area represents the amount of predictability between Texaf SA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Texaf SA price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Texaf SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Texaf SA lagged returns against current returns
Autocorrelation, which is Texaf 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 Texaf SA's stock expected returns. We can calculate the autocorrelation of Texaf SA returns to help us make a trade decision. For example, suppose you find that Texaf 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 |
Texaf 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 Texaf SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texaf SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texaf SA stock over time.
Current vs Lagged Prices |
| Timeline |
Texaf SA Lagged Returns
When evaluating Texaf SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texaf SA stock have on its future price. Texaf 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, Texaf SA autocorrelation shows the relationship between Texaf SA stock current value and its past values and can show if there is a momentum factor associated with investing in Texaf SA.
Regressed Prices |
| Timeline |
Pair Trading with Texaf SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Texaf SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Texaf SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Texaf Stock
Moving against Texaf Stock
The ability to find closely correlated positions to Texaf SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Texaf SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Texaf SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Texaf SA to buy it.
The correlation of Texaf SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Texaf SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Texaf SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Texaf SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Texaf Stock Analysis
When running Texaf SA's price analysis, check to measure Texaf 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 Texaf SA is operating at the current time. Most of Texaf SA's value examination focuses on studying past and present price action to predict the probability of Texaf 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 Texaf SA's price. Additionally, you may evaluate how the addition of Texaf SA to your portfolios can decrease your overall portfolio volatility.