Technology One (Australia) Market Value
| TNE Stock | 30.34 0.20 0.66% |
| Symbol | Technology |
Technology One '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 Technology One'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 Technology One.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Technology One on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Technology One or generate 0.0% return on investment in Technology One over 720 days. Technology One is related to or competes with Tombador Iron, Pioneer Credit, and Vulcan Steel. More
Technology One 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 Technology One'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 Technology One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.1904 | |||
| Maximum Drawdown | 13.3 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.61 |
Technology One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology One's standard deviation. In reality, there are many statistical measures that can use Technology One historical prices to predict the future Technology One's volatility.| Risk Adjusted Performance | 0.1693 | |||
| Jensen Alpha | 0.3624 | |||
| Total Risk Alpha | 0.3243 | |||
| Sortino Ratio | 0.2566 | |||
| Treynor Ratio | 3.22 |
Technology One Backtested Returns
Technology One appears to be very steady, given 3 months investment horizon. Technology One owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Technology One, which you can use to evaluate the volatility of the company. Please review Technology One's Semi Deviation of 0.9675, coefficient of variation of 486.69, and Risk Adjusted Performance of 0.1693 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Technology One holds a performance score of 16. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Technology One's returns are expected to increase less than the market. However, during the bear market, the loss of holding Technology One is expected to be smaller as well. Please check Technology One's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Technology One's existing price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Technology One has below average predictability. Overlapping area represents the amount of predictability between Technology One time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Technology One price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Technology One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 25.12 |
Technology One lagged returns against current returns
Autocorrelation, which is Technology One 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 Technology One's stock expected returns. We can calculate the autocorrelation of Technology One returns to help us make a trade decision. For example, suppose you find that Technology One 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 |
Technology One 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 Technology One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology One stock over time.
Current vs Lagged Prices |
| Timeline |
Technology One Lagged Returns
When evaluating Technology One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology One stock have on its future price. Technology One 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, Technology One autocorrelation shows the relationship between Technology One stock current value and its past values and can show if there is a momentum factor associated with investing in Technology One.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Technology Stock Analysis
When running Technology One's price analysis, check to measure Technology One'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 Technology One is operating at the current time. Most of Technology One's value examination focuses on studying past and present price action to predict the probability of Technology One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Technology One's price. Additionally, you may evaluate how the addition of Technology One to your portfolios can decrease your overall portfolio volatility.