TINC Comm (Belgium) Market Value
| TINC Stock | EUR 11.24 0.16 1.44% |
| Symbol | TINC |
TINC Comm '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 TINC Comm'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 TINC Comm.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in TINC Comm on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding TINC Comm VA or generate 0.0% return on investment in TINC Comm over 720 days. TINC Comm is related to or competes with GIMV NV, Care Property, Groep Brussel, Ackermans Van, and Xior Student. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy secto... More
TINC Comm 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 TINC Comm'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 TINC Comm VA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.44 |
TINC Comm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TINC Comm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TINC Comm's standard deviation. In reality, there are many statistical measures that can use TINC Comm historical prices to predict the future TINC Comm's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.26) |
TINC Comm VA Backtested Returns
TINC Comm VA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0301, which indicates the firm had a -0.0301% return per unit of standard deviation over the last 3 months. TINC Comm VA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TINC Comm's variance of 0.6331, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.0893, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TINC Comm's returns are expected to increase less than the market. However, during the bear market, the loss of holding TINC Comm is expected to be smaller as well. At this point, TINC Comm VA has a negative expected return of -0.024%. Please make sure to validate TINC Comm's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if TINC Comm VA performance from the past will be repeated at future time.
Auto-correlation | -0.25 |
Weak reverse predictability
TINC Comm VA has weak reverse predictability. Overlapping area represents the amount of predictability between TINC Comm time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 TINC Comm VA price movement. The serial correlation of -0.25 indicates that over 25.0% of current TINC Comm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
TINC Comm VA lagged returns against current returns
Autocorrelation, which is TINC Comm 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 TINC Comm's stock expected returns. We can calculate the autocorrelation of TINC Comm returns to help us make a trade decision. For example, suppose you find that TINC Comm 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 |
TINC Comm 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 TINC Comm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TINC Comm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TINC Comm stock over time.
Current vs Lagged Prices |
| Timeline |
TINC Comm Lagged Returns
When evaluating TINC Comm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TINC Comm stock have on its future price. TINC Comm 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, TINC Comm autocorrelation shows the relationship between TINC Comm stock current value and its past values and can show if there is a momentum factor associated with investing in TINC Comm VA.
Regressed Prices |
| Timeline |
Pair Trading with TINC Comm
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 TINC Comm 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 TINC Comm will appreciate offsetting losses from the drop in the long position's value.Moving together with TINC Stock
Moving against TINC Stock
The ability to find closely correlated positions to TINC Comm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TINC Comm 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 TINC Comm - 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 TINC Comm VA to buy it.
The correlation of TINC Comm 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 TINC Comm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TINC Comm VA 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 TINC Comm 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.Additional Tools for TINC Stock Analysis
When running TINC Comm's price analysis, check to measure TINC Comm'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 TINC Comm is operating at the current time. Most of TINC Comm's value examination focuses on studying past and present price action to predict the probability of TINC Comm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TINC Comm's price. Additionally, you may evaluate how the addition of TINC Comm to your portfolios can decrease your overall portfolio volatility.