Tracxn Technologies (India) Market Value
| TRACXN Stock | 72.82 2.05 2.74% |
| Symbol | Tracxn |
Tracxn Technologies '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 Tracxn Technologies' 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 Tracxn Technologies.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tracxn Technologies on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tracxn Technologies Limited or generate 0.0% return on investment in Tracxn Technologies over 180 days. Tracxn Technologies is related to or competes with SECUREKLOUD TECHNOLOGIES, Associated Alcohols, Ravi Kumar, Allied Blenders, AAA Technologies, and Adroit Infotech. Tracxn Technologies is entity of India. It is traded as Stock on NSE exchange. More
Tracxn Technologies 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 Tracxn Technologies' 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 Tracxn Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.37 |
Tracxn Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tracxn Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tracxn Technologies' standard deviation. In reality, there are many statistical measures that can use Tracxn Technologies historical prices to predict the future Tracxn Technologies' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tracxn Technologies' 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.
Tracxn Technologies Backtested Returns
Tracxn Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. Tracxn Technologies Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tracxn Technologies' Variance of 3.06, coefficient of variation of (516.15), and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tracxn Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tracxn Technologies is expected to be smaller as well. At this point, Tracxn Technologies has a negative expected return of -0.39%. Please make sure to validate Tracxn Technologies' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Tracxn Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Tracxn Technologies Limited has good reverse predictability. Overlapping area represents the amount of predictability between Tracxn Technologies time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Tracxn Technologies price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Tracxn Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 42.73 |
Tracxn Technologies lagged returns against current returns
Autocorrelation, which is Tracxn Technologies 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 Tracxn Technologies' stock expected returns. We can calculate the autocorrelation of Tracxn Technologies returns to help us make a trade decision. For example, suppose you find that Tracxn Technologies 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 |
Tracxn Technologies 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 Tracxn Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tracxn Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tracxn Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Tracxn Technologies Lagged Returns
When evaluating Tracxn Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tracxn Technologies stock have on its future price. Tracxn Technologies 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, Tracxn Technologies autocorrelation shows the relationship between Tracxn Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Tracxn Technologies Limited.
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 Tracxn Stock
Tracxn Technologies financial ratios help investors to determine whether Tracxn 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 Tracxn with respect to the benefits of owning Tracxn Technologies security.