Teradyne (Germany) Market Value
| TEY Stock | EUR 98.93 1.43 1.42% |
| Symbol | Teradyne |
Teradyne '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 Teradyne'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 Teradyne.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Teradyne on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Teradyne or generate 0.0% return on investment in Teradyne over 330 days. Teradyne is related to or competes with ASML HOLDING, Applied Materials, Lam Research, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide More
Teradyne 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 Teradyne'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 Teradyne upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.47 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 3.75 |
Teradyne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teradyne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teradyne's standard deviation. In reality, there are many statistical measures that can use Teradyne historical prices to predict the future Teradyne's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.82) |
Teradyne Backtested Returns
Teradyne owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.097, which indicates the firm had a -0.097% return per unit of risk over the last 3 months. Teradyne exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teradyne's Coefficient Of Variation of (993.59), risk adjusted performance of (0.07), and Variance of 7.46 to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teradyne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teradyne is expected to be smaller as well. At this point, Teradyne has a negative expected return of -0.26%. Please make sure to validate Teradyne's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Teradyne performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Teradyne has very good reverse predictability. Overlapping area represents the amount of predictability between Teradyne time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Teradyne price movement. The serial correlation of -0.66 indicates that around 66.0% of current Teradyne price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 176.44 |
Teradyne lagged returns against current returns
Autocorrelation, which is Teradyne 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 Teradyne's stock expected returns. We can calculate the autocorrelation of Teradyne returns to help us make a trade decision. For example, suppose you find that Teradyne 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 |
Teradyne 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 Teradyne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teradyne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teradyne stock over time.
Current vs Lagged Prices |
| Timeline |
Teradyne Lagged Returns
When evaluating Teradyne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teradyne stock have on its future price. Teradyne 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, Teradyne autocorrelation shows the relationship between Teradyne stock current value and its past values and can show if there is a momentum factor associated with investing in Teradyne.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Teradyne Stock
When determining whether Teradyne is a strong investment it is important to analyze Teradyne's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Teradyne's future performance. For an informed investment choice regarding Teradyne Stock, refer to the following important reports:Check out Teradyne Correlation, Teradyne Volatility and Teradyne Alpha and Beta module to complement your research on Teradyne. For more detail on how to invest in Teradyne Stock please use our How to Invest in Teradyne guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Teradyne technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.