Tubos Reunidos (Spain) Market Value
| TRG Stock | EUR 0.51 0.01 1.92% |
| Symbol | Tubos |
Tubos Reunidos '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 Tubos Reunidos' 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 Tubos Reunidos.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Tubos Reunidos on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tubos Reunidos SA or generate 0.0% return on investment in Tubos Reunidos over 30 days. Tubos Reunidos is related to or competes with Tier1 Technology, Energy Solar, Naturhouse Health, and Aedas Homes. Tubos Reunidos, S.A. manufactures and distributes seamless steel pipes in Europe, Northamercia, the Meadle East, Africa,... More
Tubos Reunidos 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 Tubos Reunidos' 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 Tubos Reunidos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.33 |
Tubos Reunidos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tubos Reunidos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tubos Reunidos' standard deviation. In reality, there are many statistical measures that can use Tubos Reunidos historical prices to predict the future Tubos Reunidos' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.43) |
Tubos Reunidos SA Backtested Returns
Tubos Reunidos SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0953, which indicates the firm had a -0.0953% return per unit of risk over the last 3 months. Tubos Reunidos SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tubos Reunidos' Risk Adjusted Performance of (0.08), variance of 6.53, and Coefficient Of Variation of (889.21) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tubos Reunidos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tubos Reunidos is expected to be smaller as well. At this point, Tubos Reunidos SA has a negative expected return of -0.24%. Please make sure to validate Tubos Reunidos' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Tubos Reunidos SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Tubos Reunidos SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Tubos Reunidos time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Tubos Reunidos SA price movement. The serial correlation of -0.77 indicates that around 77.0% of current Tubos Reunidos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tubos Reunidos SA lagged returns against current returns
Autocorrelation, which is Tubos Reunidos 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 Tubos Reunidos' stock expected returns. We can calculate the autocorrelation of Tubos Reunidos returns to help us make a trade decision. For example, suppose you find that Tubos Reunidos 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 |
Tubos Reunidos 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 Tubos Reunidos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tubos Reunidos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tubos Reunidos stock over time.
Current vs Lagged Prices |
| Timeline |
Tubos Reunidos Lagged Returns
When evaluating Tubos Reunidos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tubos Reunidos stock have on its future price. Tubos Reunidos 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, Tubos Reunidos autocorrelation shows the relationship between Tubos Reunidos stock current value and its past values and can show if there is a momentum factor associated with investing in Tubos Reunidos SA.
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 Tubos Stock
Tubos Reunidos financial ratios help investors to determine whether Tubos 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 Tubos with respect to the benefits of owning Tubos Reunidos security.