TF Bank (Sweden) Market Value
| TFBANK Stock | SEK 314.00 3.00 0.95% |
| Symbol | TFBANK |
TF Bank '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 TF Bank'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 TF Bank.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TF Bank on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TF Bank AB or generate 0.0% return on investment in TF Bank over 30 days. TF Bank is related to or competes with Creades AB, L E, Industrivarden, and Investment. TF Bank AB provides consumer banking services in Sweden, Finland, Norway, Denmark, Germany, Lithuania, Denmark, Estonia,... More
TF Bank 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 TF Bank'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 TF Bank AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.1174 | |||
| Maximum Drawdown | 11.94 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.96 |
TF Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TF Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TF Bank's standard deviation. In reality, there are many statistical measures that can use TF Bank historical prices to predict the future TF Bank's volatility.| Risk Adjusted Performance | 0.1433 | |||
| Jensen Alpha | 0.4236 | |||
| Total Risk Alpha | 0.0349 | |||
| Sortino Ratio | 0.1966 | |||
| Treynor Ratio | (0.88) |
TF Bank AB Backtested Returns
TF Bank appears to be very steady, given 3 months investment horizon. TF Bank AB retains Efficiency (Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for TF Bank, which you can use to evaluate the volatility of the company. Please review TF Bank's Risk Adjusted Performance of 0.1433, mean deviation of 1.42, and Downside Deviation of 1.28 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TF Bank holds a performance score of 13. The entity owns a Beta (Systematic Risk) of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TF Bank are expected to decrease at a much lower rate. During the bear market, TF Bank is likely to outperform the market. Please check TF Bank's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether TF Bank's current price history will revert.
Auto-correlation | 0.35 |
Below average predictability
TF Bank AB has below average predictability. Overlapping area represents the amount of predictability between TF Bank 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 TF Bank AB price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current TF Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 24.26 |
TF Bank AB lagged returns against current returns
Autocorrelation, which is TF Bank 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 TF Bank's stock expected returns. We can calculate the autocorrelation of TF Bank returns to help us make a trade decision. For example, suppose you find that TF Bank 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 |
TF Bank 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 TF Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TF Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TF Bank stock over time.
Current vs Lagged Prices |
| Timeline |
TF Bank Lagged Returns
When evaluating TF Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TF Bank stock have on its future price. TF Bank 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, TF Bank autocorrelation shows the relationship between TF Bank stock current value and its past values and can show if there is a momentum factor associated with investing in TF Bank AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in TFBANK Stock
TF Bank financial ratios help investors to determine whether TFBANK 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 TFBANK with respect to the benefits of owning TF Bank security.