Trencor (South Africa) Market Value
| TRE Stock | 760.00 9.00 1.20% |
| Symbol | Trencor |
Trencor '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 Trencor'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 Trencor.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Trencor on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Trencor or generate 0.0% return on investment in Trencor over 720 days. Trencor is related to or competes with Afine Investments, Reinet Investments, and Zeder Investments. More
Trencor 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 Trencor'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 Trencor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.31 |
Trencor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trencor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trencor's standard deviation. In reality, there are many statistical measures that can use Trencor historical prices to predict the future Trencor's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.1484 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.19) |
Trencor Backtested Returns
At this point, Trencor is very steady. Trencor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0355, which indicates the firm had a 0.0355% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trencor, which you can use to evaluate the volatility of the company. Please validate Trencor's Risk Adjusted Performance of 0.0447, coefficient of variation of 1991.49, and Semi Deviation of 1.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.073%. Trencor has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Trencor are expected to decrease at a much lower rate. During the bear market, Trencor is likely to outperform the market. Trencor right now has a risk of 2.06%. Please validate Trencor coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Trencor will be following its existing price patterns.
Auto-correlation | 0.77 |
Good predictability
Trencor has good predictability. Overlapping area represents the amount of predictability between Trencor time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Trencor price movement. The serial correlation of 0.77 indicates that around 77.0% of current Trencor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 494.39 |
Trencor lagged returns against current returns
Autocorrelation, which is Trencor 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 Trencor's stock expected returns. We can calculate the autocorrelation of Trencor returns to help us make a trade decision. For example, suppose you find that Trencor 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 |
Trencor 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 Trencor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trencor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trencor stock over time.
Current vs Lagged Prices |
| Timeline |
Trencor Lagged Returns
When evaluating Trencor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trencor stock have on its future price. Trencor 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, Trencor autocorrelation shows the relationship between Trencor stock current value and its past values and can show if there is a momentum factor associated with investing in Trencor.
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 Trencor Stock
Trencor financial ratios help investors to determine whether Trencor 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 Trencor with respect to the benefits of owning Trencor security.