Tracsis Plc (UK) Market Value
| TRCS Stock | 600.00 20.00 3.45% |
| Symbol | Tracsis |
Tracsis Plc '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 Tracsis Plc'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 Tracsis Plc.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tracsis Plc on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tracsis Plc or generate 0.0% return on investment in Tracsis Plc over 30 days. Tracsis Plc is related to or competes with CVR Energy, Viridian Therapeutics, Nationwide Building, News Corp, and Digital Realty. Tracsis Plc is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Tracsis Plc 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 Tracsis Plc'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 Tracsis Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.08 |
Tracsis Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tracsis Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tracsis Plc's standard deviation. In reality, there are many statistical measures that can use Tracsis Plc historical prices to predict the future Tracsis Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.22) |
Tracsis Plc Backtested Returns
Tracsis Plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0407, which indicates the firm had a -0.0407% return per unit of risk over the last 3 months. Tracsis Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tracsis Plc's Risk Adjusted Performance of (0.01), coefficient of variation of (3,774), and Variance of 11.3 to confirm the risk estimate we provide. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tracsis Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tracsis Plc is expected to be smaller as well. At this point, Tracsis Plc has a negative expected return of -0.14%. Please make sure to validate Tracsis Plc's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Tracsis Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Tracsis Plc has excellent reverse predictability. Overlapping area represents the amount of predictability between Tracsis Plc time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tracsis Plc price movement. The serial correlation of -0.83 indicates that around 83.0% of current Tracsis Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2801.19 |
Tracsis Plc lagged returns against current returns
Autocorrelation, which is Tracsis Plc 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 Tracsis Plc's stock expected returns. We can calculate the autocorrelation of Tracsis Plc returns to help us make a trade decision. For example, suppose you find that Tracsis Plc 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 |
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Tracsis Plc 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 Tracsis Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tracsis Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tracsis Plc stock over time.
Current vs Lagged Prices |
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Tracsis Plc Lagged Returns
When evaluating Tracsis Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tracsis Plc stock have on its future price. Tracsis Plc 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, Tracsis Plc autocorrelation shows the relationship between Tracsis Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Tracsis Plc.
Regressed Prices |
| Timeline |
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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.Additional Tools for Tracsis Stock Analysis
When running Tracsis Plc's price analysis, check to measure Tracsis Plc'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 Tracsis Plc is operating at the current time. Most of Tracsis Plc's value examination focuses on studying past and present price action to predict the probability of Tracsis Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tracsis Plc's price. Additionally, you may evaluate how the addition of Tracsis Plc to your portfolios can decrease your overall portfolio volatility.