Techtronic Industries (Germany) Market Value
| TIB1 Stock | EUR 12.80 0.29 2.22% |
| Symbol | Techtronic |
Techtronic Industries '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 Techtronic Industries' 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 Techtronic Industries.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Techtronic Industries on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Techtronic Industries or generate 0.0% return on investment in Techtronic Industries over 720 days. Techtronic Industries is related to or competes with Stanley Black, Toro, Lincoln Electric, AB SKF, AB SKF, and MISUMI GROUP. Techtronic Industries Company Limited, an investment holding company, engages in the design, manufacture, and marketing ... More
Techtronic Industries 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 Techtronic Industries' 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 Techtronic Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0134 | |||
| Maximum Drawdown | 11.99 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 4.1 |
Techtronic Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techtronic Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techtronic Industries' standard deviation. In reality, there are many statistical measures that can use Techtronic Industries historical prices to predict the future Techtronic Industries' volatility.| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.1756 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0142 | |||
| Treynor Ratio | (0.31) |
Techtronic Industries Backtested Returns
At this point, Techtronic Industries is not too volatile. Techtronic Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.035, which indicates the firm had a 0.035% return per unit of risk over the last 3 months. We have found thirty technical indicators for Techtronic Industries, which you can use to evaluate the volatility of the company. Please validate Techtronic Industries' Risk Adjusted Performance of 0.0524, coefficient of variation of 1592.89, and Semi Deviation of 1.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.0784%. Techtronic Industries has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Techtronic Industries are expected to decrease at a much lower rate. During the bear market, Techtronic Industries is likely to outperform the market. Techtronic Industries right now has a risk of 2.24%. Please validate Techtronic Industries standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Techtronic Industries will be following its existing price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Techtronic Industries has virtually no predictability. Overlapping area represents the amount of predictability between Techtronic Industries time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Techtronic Industries price movement. The serial correlation of 0.03 indicates that only 3.0% of current Techtronic Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 2.91 |
Techtronic Industries lagged returns against current returns
Autocorrelation, which is Techtronic Industries 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 Techtronic Industries' stock expected returns. We can calculate the autocorrelation of Techtronic Industries returns to help us make a trade decision. For example, suppose you find that Techtronic Industries 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 |
Techtronic Industries 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 Techtronic Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techtronic Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techtronic Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Techtronic Industries Lagged Returns
When evaluating Techtronic Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techtronic Industries stock have on its future price. Techtronic Industries 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, Techtronic Industries autocorrelation shows the relationship between Techtronic Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Techtronic Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Techtronic Stock
Techtronic Industries financial ratios help investors to determine whether Techtronic 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 Techtronic with respect to the benefits of owning Techtronic Industries security.