TROPHY GAMES (Denmark) Market Value
| TGAMES Stock | DKK 7.30 0.05 0.68% |
| Symbol | TROPHY |
TROPHY GAMES '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 TROPHY GAMES'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 TROPHY GAMES.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in TROPHY GAMES on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding TROPHY GAMES Development or generate 0.0% return on investment in TROPHY GAMES over 720 days. TROPHY GAMES is related to or competes with North Media, Bactiquant, FOM Technologies, MapsPeople, and Hydract AS. TROPHY GAMES Development AS develops and publishes mobile and PC games in Denmark More
TROPHY GAMES 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 TROPHY GAMES'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 TROPHY GAMES Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.95 |
TROPHY GAMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TROPHY GAMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TROPHY GAMES's standard deviation. In reality, there are many statistical measures that can use TROPHY GAMES historical prices to predict the future TROPHY GAMES's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0506 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6395 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TROPHY GAMES's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TROPHY GAMES Development Backtested Returns
At this point, TROPHY GAMES is somewhat reliable. TROPHY GAMES Development owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0205, which indicates the firm had a 0.0205% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for TROPHY GAMES Development, which you can use to evaluate the volatility of the company. Please validate TROPHY GAMES's risk adjusted performance of 0.0292, and Coefficient Of Variation of 3446.97 to confirm if the risk estimate we provide is consistent with the expected return of 0.051%. TROPHY GAMES has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.0975, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TROPHY GAMES's returns are expected to increase less than the market. However, during the bear market, the loss of holding TROPHY GAMES is expected to be smaller as well. TROPHY GAMES Development presently has a risk of 2.49%. Please validate TROPHY GAMES expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if TROPHY GAMES will be following its existing price patterns.
Auto-correlation | 0.20 |
Weak predictability
TROPHY GAMES Development has weak predictability. Overlapping area represents the amount of predictability between TROPHY GAMES time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 TROPHY GAMES Development price movement. The serial correlation of 0.2 indicates that over 20.0% of current TROPHY GAMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
TROPHY GAMES Development lagged returns against current returns
Autocorrelation, which is TROPHY GAMES 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 TROPHY GAMES's stock expected returns. We can calculate the autocorrelation of TROPHY GAMES returns to help us make a trade decision. For example, suppose you find that TROPHY GAMES 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 |
TROPHY GAMES 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 TROPHY GAMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TROPHY GAMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TROPHY GAMES stock over time.
Current vs Lagged Prices |
| Timeline |
TROPHY GAMES Lagged Returns
When evaluating TROPHY GAMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TROPHY GAMES stock have on its future price. TROPHY GAMES 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, TROPHY GAMES autocorrelation shows the relationship between TROPHY GAMES stock current value and its past values and can show if there is a momentum factor associated with investing in TROPHY GAMES Development.
Regressed Prices |
| Timeline |
Pair Trading with TROPHY GAMES
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 TROPHY GAMES 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 TROPHY GAMES will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TROPHY GAMES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TROPHY GAMES 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 TROPHY GAMES - 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 TROPHY GAMES Development to buy it.
The correlation of TROPHY GAMES 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 TROPHY GAMES moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TROPHY GAMES Development 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 TROPHY GAMES 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.Other Information on Investing in TROPHY Stock
TROPHY GAMES financial ratios help investors to determine whether TROPHY 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 TROPHY with respect to the benefits of owning TROPHY GAMES security.