Topicus Stock Market Value
| TOI Stock | CAD 118.00 1.20 1.01% |
| Symbol | Topicus |
Topicus Price To Book Ratio
Topicus '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 Topicus' 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 Topicus.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Topicus on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Topicus or generate 0.0% return on investment in Topicus over 30 days. Topicus is related to or competes with Constellation Software, Converge Technology, Enghouse Systems, and Dye Durham. Topicus.com Inc. provides vertical market software and vertical market platforms in Europe More
Topicus 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 Topicus' 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 Topicus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.03 |
Topicus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topicus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topicus' standard deviation. In reality, there are many statistical measures that can use Topicus historical prices to predict the future Topicus' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.41) |
Topicus Backtested Returns
Topicus owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0919, which indicates the firm had a -0.0919% return per unit of risk over the last 3 months. Topicus exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topicus' Coefficient Of Variation of (1,331), risk adjusted performance of (0.05), and Variance of 1.76 to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Topicus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Topicus is expected to be smaller as well. At this point, Topicus has a negative expected return of -0.12%. Please make sure to validate Topicus' kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Topicus performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Topicus has weak predictability. Overlapping area represents the amount of predictability between Topicus time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Topicus price movement. The serial correlation of 0.22 indicates that over 22.0% of current Topicus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Topicus lagged returns against current returns
Autocorrelation, which is Topicus 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 Topicus' stock expected returns. We can calculate the autocorrelation of Topicus returns to help us make a trade decision. For example, suppose you find that Topicus 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 |
Topicus 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 Topicus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topicus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topicus stock over time.
Current vs Lagged Prices |
| Timeline |
Topicus Lagged Returns
When evaluating Topicus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topicus stock have on its future price. Topicus 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, Topicus autocorrelation shows the relationship between Topicus stock current value and its past values and can show if there is a momentum factor associated with investing in Topicus.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Topicus Stock Analysis
When running Topicus' price analysis, check to measure Topicus' 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 Topicus is operating at the current time. Most of Topicus' value examination focuses on studying past and present price action to predict the probability of Topicus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topicus' price. Additionally, you may evaluate how the addition of Topicus to your portfolios can decrease your overall portfolio volatility.