Tcnicas Reunidas Sa Stock Market Value
| TNISF Stock | USD 11.41 3.66 47.23% |
| Symbol | Tcnicas |
Tcnicas Reunidas '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 Tcnicas Reunidas' pink sheet 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 Tcnicas Reunidas.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Tcnicas Reunidas on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tcnicas Reunidas SA or generate 0.0% return on investment in Tcnicas Reunidas over 30 days. Tcnicas Reunidas is related to or competes with Babcock International, Babcock International, China State, Bouygues, ACS Actividades, ACS Actividades, and Bouygues. Tcnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plan... More
Tcnicas Reunidas 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 Tcnicas Reunidas' pink sheet 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 Tcnicas Reunidas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1043 |
Tcnicas Reunidas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tcnicas Reunidas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tcnicas Reunidas' standard deviation. In reality, there are many statistical measures that can use Tcnicas Reunidas historical prices to predict the future Tcnicas Reunidas' volatility.| Risk Adjusted Performance | 0.1026 | |||
| Jensen Alpha | 0.6791 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 2.65 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tcnicas Reunidas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tcnicas Reunidas Backtested Returns
Tcnicas Reunidas appears to be slightly risky, given 3 months investment horizon. Tcnicas Reunidas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Tcnicas Reunidas' technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please review Tcnicas Reunidas' Risk Adjusted Performance of 0.1026, coefficient of variation of 812.4, and Variance of 33.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tcnicas Reunidas holds a performance score of 9. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tcnicas Reunidas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tcnicas Reunidas is expected to be smaller as well. Please check Tcnicas Reunidas' jensen alpha and day median price , to make a quick decision on whether Tcnicas Reunidas' existing price patterns will revert.
Auto-correlation | Huge |
Perfect predictability
Tcnicas Reunidas SA has perfect predictability. Overlapping area represents the amount of predictability between Tcnicas Reunidas time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Tcnicas Reunidas price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Tcnicas Reunidas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
Tcnicas Reunidas lagged returns against current returns
Autocorrelation, which is Tcnicas Reunidas pink sheet'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 Tcnicas Reunidas' pink sheet expected returns. We can calculate the autocorrelation of Tcnicas Reunidas returns to help us make a trade decision. For example, suppose you find that Tcnicas Reunidas has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Tcnicas Reunidas 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 Tcnicas Reunidas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tcnicas Reunidas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tcnicas Reunidas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tcnicas Reunidas Lagged Returns
When evaluating Tcnicas Reunidas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tcnicas Reunidas pink sheet have on its future price. Tcnicas Reunidas 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, Tcnicas Reunidas autocorrelation shows the relationship between Tcnicas Reunidas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tcnicas Reunidas SA.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Tcnicas Pink Sheet
Tcnicas Reunidas financial ratios help investors to determine whether Tcnicas Pink Sheet 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 Tcnicas with respect to the benefits of owning Tcnicas Reunidas security.