Triton Development (Poland) Market Value
| TRI Stock | 3.00 0.02 0.66% |
| Symbol | Triton |
Triton Development '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 Triton Development'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 Triton Development.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Triton Development on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Triton Development SA or generate 0.0% return on investment in Triton Development over 180 days.
Triton Development 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 Triton Development'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 Triton Development SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 29.0 | |||
| Value At Risk | (12.11) | |||
| Potential Upside | 9.58 |
Triton Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Triton Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Triton Development's standard deviation. In reality, there are many statistical measures that can use Triton Development historical prices to predict the future Triton Development's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Triton Development'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.
Triton Development Backtested Returns
Triton Development owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0064, which indicates the firm had a -0.0064% return per unit of risk over the last 3 months. Triton Development SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Triton Development's Risk Adjusted Performance of (0.01), variance of 32.06, and Coefficient Of Variation of (4,313) to confirm the risk estimate we provide. The entity has a beta of 1.1, which indicates a somewhat significant risk relative to the market. Triton Development returns are very sensitive to returns on the market. As the market goes up or down, Triton Development is expected to follow. At this point, Triton Development has a negative expected return of -0.0332%. Please make sure to validate Triton Development's maximum drawdown, as well as the relationship between the daily balance of power and price action indicator , to decide if Triton Development performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Triton Development SA has good predictability. Overlapping area represents the amount of predictability between Triton Development time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Triton Development price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Triton Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Triton Development lagged returns against current returns
Autocorrelation, which is Triton Development 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 Triton Development's stock expected returns. We can calculate the autocorrelation of Triton Development returns to help us make a trade decision. For example, suppose you find that Triton Development 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 |
Triton Development 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 Triton Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Triton Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Triton Development stock over time.
Current vs Lagged Prices |
| Timeline |
Triton Development Lagged Returns
When evaluating Triton Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Triton Development stock have on its future price. Triton Development 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, Triton Development autocorrelation shows the relationship between Triton Development stock current value and its past values and can show if there is a momentum factor associated with investing in Triton Development SA.
Regressed Prices |
| Timeline |
Pair Trading with Triton Development
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 Triton Development 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 Triton Development will appreciate offsetting losses from the drop in the long position's value.Moving together with Triton Stock
Moving against Triton Stock
The ability to find closely correlated positions to Triton Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triton Development 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 Triton Development - 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 Triton Development SA to buy it.
The correlation of Triton Development 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 Triton Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triton Development 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 Triton Development 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 Triton Stock Analysis
When running Triton Development's price analysis, check to measure Triton Development'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 Triton Development is operating at the current time. Most of Triton Development's value examination focuses on studying past and present price action to predict the probability of Triton Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triton Development's price. Additionally, you may evaluate how the addition of Triton Development to your portfolios can decrease your overall portfolio volatility.