Topsports International Holdings Stock Market Value
| TPSRF Stock | USD 0.39 0.00 0.00% |
| Symbol | Topsports |
Topsports International '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 Topsports International's 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 Topsports International.
| 01/26/2024 |
| 01/15/2026 |
If you would invest 0.00 in Topsports International on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Topsports International Holdings or generate 0.0% return on investment in Topsports International over 720 days. Topsports International is related to or competes with Xtep International, Yamada Holdings, Nifco, Dixons Carphone, Luk Fook, Mitchells Butlers, and Coats Group. Topsports International Holdings Limited, an investment holding company, engages in the sale of sportswear products in t... More
Topsports International 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 Topsports International's 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 Topsports International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 29.55 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 5.0 |
Topsports International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topsports International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topsports International's standard deviation. In reality, there are many statistical measures that can use Topsports International historical prices to predict the future Topsports International's volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.2117 | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.9079 |
Topsports International Backtested Returns
Topsports International appears to be out of control, given 3 months investment horizon. Topsports International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0855, which indicates the firm had a 0.0855 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for Topsports International Holdings, which you can use to evaluate the volatility of the company. Please review Topsports International's Variance of 9.02, risk adjusted performance of 0.0666, and Coefficient Of Variation of 1196.88 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Topsports International holds a performance score of 6. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Topsports International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Topsports International is expected to be smaller as well. Please check Topsports International's maximum drawdown and rate of daily change , to make a quick decision on whether Topsports International's existing price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Topsports International Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Topsports International time series from 26th of January 2024 to 20th of January 2025 and 20th of January 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Topsports International price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Topsports International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Topsports International lagged returns against current returns
Autocorrelation, which is Topsports International 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 Topsports International's pink sheet expected returns. We can calculate the autocorrelation of Topsports International returns to help us make a trade decision. For example, suppose you find that Topsports International 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 |
| Timeline |
Topsports International 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 Topsports International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topsports International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topsports International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Topsports International Lagged Returns
When evaluating Topsports International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topsports International pink sheet have on its future price. Topsports International 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, Topsports International autocorrelation shows the relationship between Topsports International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Topsports International Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Topsports Pink Sheet
Topsports International financial ratios help investors to determine whether Topsports 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 Topsports with respect to the benefits of owning Topsports International security.