THRACE PLASTICS (Germany) Market Value
| TP3 Stock | EUR 3.96 0.01 0.25% |
| Symbol | THRACE |
THRACE PLASTICS '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 THRACE PLASTICS'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 THRACE PLASTICS.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in THRACE PLASTICS on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding THRACE PLASTICS or generate 0.0% return on investment in THRACE PLASTICS over 330 days. THRACE PLASTICS is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
THRACE PLASTICS 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 THRACE PLASTICS'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 THRACE PLASTICS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.933 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.89 |
THRACE PLASTICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THRACE PLASTICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THRACE PLASTICS's standard deviation. In reality, there are many statistical measures that can use THRACE PLASTICS historical prices to predict the future THRACE PLASTICS's volatility.| Risk Adjusted Performance | 0.0055 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0935 |
THRACE PLASTICS Backtested Returns
At this point, THRACE PLASTICS is somewhat reliable. THRACE PLASTICS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0058, which indicates the firm had a 0.0058% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for THRACE PLASTICS, which you can use to evaluate the volatility of the company. Please validate THRACE PLASTICS's coefficient of variation of 39505.18, and Risk Adjusted Performance of 0.0055 to confirm if the risk estimate we provide is consistent with the expected return of 0.0068%. The entity has a beta of -0.0749, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning THRACE PLASTICS are expected to decrease at a much lower rate. During the bear market, THRACE PLASTICS is likely to outperform the market. THRACE PLASTICS currently has a risk of 1.18%. Please validate THRACE PLASTICS sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if THRACE PLASTICS will be following its existing price patterns.
Auto-correlation | 0.39 |
Below average predictability
THRACE PLASTICS has below average predictability. Overlapping area represents the amount of predictability between THRACE PLASTICS time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 THRACE PLASTICS price movement. The serial correlation of 0.39 indicates that just about 39.0% of current THRACE PLASTICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
THRACE PLASTICS lagged returns against current returns
Autocorrelation, which is THRACE PLASTICS 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 THRACE PLASTICS's stock expected returns. We can calculate the autocorrelation of THRACE PLASTICS returns to help us make a trade decision. For example, suppose you find that THRACE PLASTICS 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 |
THRACE PLASTICS 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 THRACE PLASTICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THRACE PLASTICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THRACE PLASTICS stock over time.
Current vs Lagged Prices |
| Timeline |
THRACE PLASTICS Lagged Returns
When evaluating THRACE PLASTICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THRACE PLASTICS stock have on its future price. THRACE PLASTICS 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, THRACE PLASTICS autocorrelation shows the relationship between THRACE PLASTICS stock current value and its past values and can show if there is a momentum factor associated with investing in THRACE PLASTICS.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in THRACE Stock
THRACE PLASTICS financial ratios help investors to determine whether THRACE Stock 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 THRACE with respect to the benefits of owning THRACE PLASTICS security.