TasFoods (Australia) Market Value
| TFL Stock | 0.02 0 21.43% |
| Symbol | TasFoods |
TasFoods '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 TasFoods' 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 TasFoods.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in TasFoods on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding TasFoods or generate 0.0% return on investment in TasFoods over 30 days. TasFoods is related to or competes with Readytech Holdings, Healthco Healthcare, Mach7 Technologies, Event Hospitality, Hotel Property, Sonic Healthcare, and Macquarie Technology. TasFoods is entity of Australia. It is traded as Stock on AU exchange. More
TasFoods 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 TasFoods' 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 TasFoods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.69 | |||
| Information Ratio | 0.0867 | |||
| Maximum Drawdown | 60.0 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 16.67 |
TasFoods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TasFoods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TasFoods' standard deviation. In reality, there are many statistical measures that can use TasFoods historical prices to predict the future TasFoods' volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.9589 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0571 | |||
| Treynor Ratio | (0.80) |
TasFoods Backtested Returns
TasFoods appears to be out of control, given 3 months investment horizon. TasFoods owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. By inspecting TasFoods' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review TasFoods' Semi Deviation of 4.75, coefficient of variation of 984.77, and Risk Adjusted Performance of 0.0825 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TasFoods holds a performance score of 8. The entity has a beta of -1.04, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning TasFoods are expected to decrease slowly. On the other hand, during market turmoil, TasFoods is expected to outperform it slightly. Please check TasFoods' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether TasFoods' existing price patterns will revert.
Auto-correlation | -0.96 |
Near perfect reversele predictability
TasFoods has near perfect reversele predictability. Overlapping area represents the amount of predictability between TasFoods time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 TasFoods price movement. The serial correlation of -0.96 indicates that 96.0% of current TasFoods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.96 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TasFoods lagged returns against current returns
Autocorrelation, which is TasFoods 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 TasFoods' stock expected returns. We can calculate the autocorrelation of TasFoods returns to help us make a trade decision. For example, suppose you find that TasFoods 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 |
TasFoods 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 TasFoods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TasFoods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TasFoods stock over time.
Current vs Lagged Prices |
| Timeline |
TasFoods Lagged Returns
When evaluating TasFoods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TasFoods stock have on its future price. TasFoods 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, TasFoods autocorrelation shows the relationship between TasFoods stock current value and its past values and can show if there is a momentum factor associated with investing in TasFoods.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TasFoods Stock Analysis
When running TasFoods' price analysis, check to measure TasFoods' 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 TasFoods is operating at the current time. Most of TasFoods' value examination focuses on studying past and present price action to predict the probability of TasFoods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TasFoods' price. Additionally, you may evaluate how the addition of TasFoods to your portfolios can decrease your overall portfolio volatility.