Trucept Stock Market Value
| TREP Stock | USD 0.04 0.01 29.86% |
| Symbol | Trucept |
Trucept '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 Trucept'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 Trucept.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Trucept on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Trucept or generate 0.0% return on investment in Trucept over 30 days. Trucept is related to or competes with Caldwell Partners, Randstad Holdings, Adecco, Kforce, Heidrick Struggles, ManpowerGroup, and Korn Ferry. Trucept, Inc., through its subsidiaries, provides business services in the United States More
Trucept 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 Trucept'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 Trucept upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.35 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 81.86 | |||
| Value At Risk | (24.00) | |||
| Potential Upside | 27.27 |
Trucept Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trucept's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trucept's standard deviation. In reality, there are many statistical measures that can use Trucept historical prices to predict the future Trucept's volatility.| Risk Adjusted Performance | 0.0504 | |||
| Jensen Alpha | 0.7688 | |||
| Total Risk Alpha | (1.61) | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | 2.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trucept'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.
Trucept Backtested Returns
Trucept appears to be out of control, given 3 months investment horizon. Trucept owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0311, which indicates the firm had a 0.0311% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Trucept, which you can use to evaluate the volatility of the company. Please review Trucept's Risk Adjusted Performance of 0.0504, semi deviation of 10.93, and Coefficient Of Variation of 1867.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trucept holds a performance score of 2. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trucept's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trucept is expected to be smaller as well. Please check Trucept's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Trucept's existing price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Trucept has below average predictability. Overlapping area represents the amount of predictability between Trucept 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 Trucept price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Trucept price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trucept lagged returns against current returns
Autocorrelation, which is Trucept 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 Trucept's pink sheet expected returns. We can calculate the autocorrelation of Trucept returns to help us make a trade decision. For example, suppose you find that Trucept 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 |
Trucept 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 Trucept pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trucept pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trucept pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Trucept Lagged Returns
When evaluating Trucept's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trucept pink sheet have on its future price. Trucept 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, Trucept autocorrelation shows the relationship between Trucept pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Trucept.
Regressed Prices |
| Timeline |
Pair Trading with Trucept
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trucept position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trucept will appreciate offsetting losses from the drop in the long position's value.Moving against Trucept Pink Sheet
The ability to find closely correlated positions to Trucept could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trucept when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trucept - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trucept to buy it.
The correlation of Trucept is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trucept moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trucept moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Trucept can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Trucept Pink Sheet Analysis
When running Trucept's price analysis, check to measure Trucept'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 Trucept is operating at the current time. Most of Trucept's value examination focuses on studying past and present price action to predict the probability of Trucept's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trucept's price. Additionally, you may evaluate how the addition of Trucept to your portfolios can decrease your overall portfolio volatility.