Transtema Group (Sweden) Market Value
| TRANS Stock | SEK 15.10 0.58 3.70% |
| Symbol | Transtema |
Transtema Group '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 Transtema Group'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 Transtema Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Transtema Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Transtema Group AB or generate 0.0% return on investment in Transtema Group over 30 days. Transtema Group is related to or competes with AstraZeneca PLC, Investor, Investor, Atlas Copco, Atlas Copco, Nordea Bank, and AB Volvo. More
Transtema Group 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 Transtema Group'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 Transtema Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.8 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 3.18 |
Transtema Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transtema Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transtema Group's standard deviation. In reality, there are many statistical measures that can use Transtema Group historical prices to predict the future Transtema Group's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (1.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transtema Group's 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.
Transtema Group AB Backtested Returns
Transtema Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.044, which indicates the firm had a -0.044% return per unit of risk over the last 3 months. Transtema Group AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transtema Group's Risk Adjusted Performance of (0.03), variance of 5.26, and Coefficient Of Variation of (1,939) to confirm the risk estimate we provide. The entity has a beta of 0.0767, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transtema Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transtema Group is expected to be smaller as well. At this point, Transtema Group AB has a negative expected return of -0.1%. Please make sure to validate Transtema Group's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Transtema Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Transtema Group AB has modest reverse predictability. Overlapping area represents the amount of predictability between Transtema Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Transtema Group AB price movement. The serial correlation of -0.47 indicates that about 47.0% of current Transtema Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Transtema Group AB lagged returns against current returns
Autocorrelation, which is Transtema Group 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 Transtema Group's stock expected returns. We can calculate the autocorrelation of Transtema Group returns to help us make a trade decision. For example, suppose you find that Transtema Group 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 |
Transtema Group 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 Transtema Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transtema Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transtema Group stock over time.
Current vs Lagged Prices |
| Timeline |
Transtema Group Lagged Returns
When evaluating Transtema Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transtema Group stock have on its future price. Transtema Group 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, Transtema Group autocorrelation shows the relationship between Transtema Group stock current value and its past values and can show if there is a momentum factor associated with investing in Transtema Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Transtema Stock Analysis
When running Transtema Group's price analysis, check to measure Transtema Group's 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 Transtema Group is operating at the current time. Most of Transtema Group's value examination focuses on studying past and present price action to predict the probability of Transtema Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transtema Group's price. Additionally, you may evaluate how the addition of Transtema Group to your portfolios can decrease your overall portfolio volatility.