Thurgauer Kantonalbank (Switzerland) Market Value
| TKBP Stock | CHF 125.00 0.50 0.40% |
| Symbol | Thurgauer |
Thurgauer Kantonalbank '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 Thurgauer Kantonalbank'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 Thurgauer Kantonalbank.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Thurgauer Kantonalbank on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Thurgauer Kantonalbank or generate 0.0% return on investment in Thurgauer Kantonalbank over 30 days. Thurgauer Kantonalbank is related to or competes with St Galler, Berner Kantonalbank, Basler Kantonalbank, Luzerner Kantonalbank, and Glarner Kantonalbank. Thurgauer Kantonalbank provides banking products and services for private, corporate, commercial, and public sectors in ... More
Thurgauer Kantonalbank 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 Thurgauer Kantonalbank'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 Thurgauer Kantonalbank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.07 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.63 |
Thurgauer Kantonalbank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thurgauer Kantonalbank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thurgauer Kantonalbank's standard deviation. In reality, there are many statistical measures that can use Thurgauer Kantonalbank historical prices to predict the future Thurgauer Kantonalbank's volatility.| Risk Adjusted Performance | 0.0414 | |||
| Jensen Alpha | 0.0466 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.45) |
Thurgauer Kantonalbank Backtested Returns
At this stage we consider Thurgauer Stock to be very steady. Thurgauer Kantonalbank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0391, which indicates the firm had a 0.0391% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thurgauer Kantonalbank, which you can use to evaluate the volatility of the company. Please validate Thurgauer Kantonalbank's Semi Deviation of 0.7285, coefficient of variation of 1919.04, and Risk Adjusted Performance of 0.0414 to confirm if the risk estimate we provide is consistent with the expected return of 0.0357%. Thurgauer Kantonalbank has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.0826, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thurgauer Kantonalbank are expected to decrease at a much lower rate. During the bear market, Thurgauer Kantonalbank is likely to outperform the market. Thurgauer Kantonalbank right now has a risk of 0.91%. Please validate Thurgauer Kantonalbank treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Thurgauer Kantonalbank will be following its existing price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Thurgauer Kantonalbank has very weak reverse predictability. Overlapping area represents the amount of predictability between Thurgauer Kantonalbank time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Thurgauer Kantonalbank price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Thurgauer Kantonalbank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Thurgauer Kantonalbank lagged returns against current returns
Autocorrelation, which is Thurgauer Kantonalbank 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 Thurgauer Kantonalbank's stock expected returns. We can calculate the autocorrelation of Thurgauer Kantonalbank returns to help us make a trade decision. For example, suppose you find that Thurgauer Kantonalbank 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 |
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Thurgauer Kantonalbank 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 Thurgauer Kantonalbank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thurgauer Kantonalbank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thurgauer Kantonalbank stock over time.
Current vs Lagged Prices |
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Thurgauer Kantonalbank Lagged Returns
When evaluating Thurgauer Kantonalbank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thurgauer Kantonalbank stock have on its future price. Thurgauer Kantonalbank 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, Thurgauer Kantonalbank autocorrelation shows the relationship between Thurgauer Kantonalbank stock current value and its past values and can show if there is a momentum factor associated with investing in Thurgauer Kantonalbank.
Regressed Prices |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Thurgauer Stock Analysis
When running Thurgauer Kantonalbank's price analysis, check to measure Thurgauer Kantonalbank'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 Thurgauer Kantonalbank is operating at the current time. Most of Thurgauer Kantonalbank's value examination focuses on studying past and present price action to predict the probability of Thurgauer Kantonalbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thurgauer Kantonalbank's price. Additionally, you may evaluate how the addition of Thurgauer Kantonalbank to your portfolios can decrease your overall portfolio volatility.