Titan Cement (Belgium) Market Value
| TITC Stock | EUR 38.05 2.65 7.49% |
| Symbol | Titan |
Titan Cement '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 Titan Cement'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 Titan Cement.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Titan Cement on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Titan Cement International or generate 0.0% return on investment in Titan Cement over 30 days. Titan Cement is related to or competes with Titan Cement, Motor Oil, Mytilineos, Viohalco, and Deceuninck. Titan Cement International S.A., together with its subsidiaries, produces, distributes, and trades in a range of constru... More
Titan Cement 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 Titan Cement'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 Titan Cement International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.36 |
Titan Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Titan Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Titan Cement's standard deviation. In reality, there are many statistical measures that can use Titan Cement historical prices to predict the future Titan Cement's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.1283 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | 0.3148 |
Titan Cement Interna Backtested Returns
Titan Cement appears to be very steady, given 3 months investment horizon. Titan Cement Interna owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Titan Cement International, which you can use to evaluate the volatility of the company. Please review Titan Cement's Risk Adjusted Performance of 0.0924, semi deviation of 1.41, and Coefficient Of Variation of 887.65 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Titan Cement holds a performance score of 11. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Titan Cement's returns are expected to increase less than the market. However, during the bear market, the loss of holding Titan Cement is expected to be smaller as well. Please check Titan Cement's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Titan Cement's existing price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Titan Cement International has below average predictability. Overlapping area represents the amount of predictability between Titan Cement time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Titan Cement Interna price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Titan Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.72 |
Titan Cement Interna lagged returns against current returns
Autocorrelation, which is Titan Cement 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 Titan Cement's stock expected returns. We can calculate the autocorrelation of Titan Cement returns to help us make a trade decision. For example, suppose you find that Titan Cement 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 |
Titan Cement 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 Titan Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Titan Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Titan Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Titan Cement Lagged Returns
When evaluating Titan Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Titan Cement stock have on its future price. Titan Cement 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, Titan Cement autocorrelation shows the relationship between Titan Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Titan Cement International.
Regressed Prices |
| Timeline |
Pair Trading with Titan Cement
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 Titan Cement 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 Titan Cement will appreciate offsetting losses from the drop in the long position's value.Moving against Titan Stock
| 0.61 | AGFB | AGFA Gevaert NV | PairCorr |
| 0.55 | FLUX | Fluxys Belgium | PairCorr |
| 0.46 | TESB | Tessenderlo | PairCorr |
| 0.33 | DIE | DIeteren Group SA | PairCorr |
| 0.33 | ONTEX | Ontex Group NV | PairCorr |
The ability to find closely correlated positions to Titan Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Titan Cement 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 Titan Cement - 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 Titan Cement International to buy it.
The correlation of Titan Cement 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 Titan Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Titan Cement Interna 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 Titan Cement 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 Titan Stock Analysis
When running Titan Cement's price analysis, check to measure Titan Cement'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 Titan Cement is operating at the current time. Most of Titan Cement's value examination focuses on studying past and present price action to predict the probability of Titan Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Titan Cement's price. Additionally, you may evaluate how the addition of Titan Cement to your portfolios can decrease your overall portfolio volatility.