TF623 (Brazil) Market Value
| TF623 Stock | 10.00 2.00 16.67% |
| Symbol | TF623 |
Please note, there is a significant difference between TF623's value and its price as these two are different measures arrived at by different means. Investors typically determine if TF623 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TF623's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TF623 '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 TF623'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 TF623.
| 01/19/2025 |
| 01/14/2026 |
If you would invest 0.00 in TF623 on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding TF623 or generate 0.0% return on investment in TF623 over 360 days. TF623 is related to or competes with Eastman Chemical, British American, Verizon Communications, Metalurgica Gerdau, Zoom Video, and Charter Communications. More
TF623 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 TF623'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 TF623 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 46.37 | |||
| Information Ratio | 0.1931 | |||
| Maximum Drawdown | 170.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
TF623 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TF623's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TF623's standard deviation. In reality, there are many statistical measures that can use TF623 historical prices to predict the future TF623's volatility.| Risk Adjusted Performance | 0.1557 | |||
| Jensen Alpha | 9.6 | |||
| Total Risk Alpha | 4.17 | |||
| Sortino Ratio | 0.2062 | |||
| Treynor Ratio | 17.73 |
TF623 Backtested Returns
TF623 is extremely dangerous given 3 months investment horizon. TF623 retains Efficiency (Sharpe Ratio) of 0.21, which indicates the firm had a 0.21 % return per unit of return volatility over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 10.56% are justified by taking the suggested risk. Use TF623 downside deviation of 46.37, and Risk Adjusted Performance of 0.1557 to evaluate company specific risk that cannot be diversified away. TF623 holds a performance score of 17 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TF623's returns are expected to increase less than the market. However, during the bear market, the loss of holding TF623 is expected to be smaller as well. Use TF623 semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on TF623.
Auto-correlation | 0.03 |
Virtually no predictability
TF623 has virtually no predictability. Overlapping area represents the amount of predictability between TF623 time series from 19th of January 2025 to 18th of July 2025 and 18th of July 2025 to 14th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TF623 price movement. The serial correlation of 0.03 indicates that only 3.0% of current TF623 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 21.58 |
TF623 lagged returns against current returns
Autocorrelation, which is TF623 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 TF623's stock expected returns. We can calculate the autocorrelation of TF623 returns to help us make a trade decision. For example, suppose you find that TF623 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 |
TF623 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 TF623 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TF623 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TF623 stock over time.
Current vs Lagged Prices |
| Timeline |
TF623 Lagged Returns
When evaluating TF623's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TF623 stock have on its future price. TF623 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, TF623 autocorrelation shows the relationship between TF623 stock current value and its past values and can show if there is a momentum factor associated with investing in TF623.
Regressed Prices |
| Timeline |
Also Currently Popular
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 TF623 Stock Analysis
When running TF623's price analysis, check to measure TF623'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 TF623 is operating at the current time. Most of TF623's value examination focuses on studying past and present price action to predict the probability of TF623's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TF623's price. Additionally, you may evaluate how the addition of TF623 to your portfolios can decrease your overall portfolio volatility.