Travelsky Technology Ltd Stock Market Value
| TSYHY Stock | USD 12.90 0.04 0.31% |
| Symbol | TravelSky |
TravelSky Technology '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 TravelSky Technology'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 TravelSky Technology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TravelSky Technology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TravelSky Technology Ltd or generate 0.0% return on investment in TravelSky Technology over 30 days. TravelSky Technology Limited, together with its subsidiaries, provides information technology solutions for aviation and... More
TravelSky Technology 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 TravelSky Technology'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 TravelSky Technology Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 24.76 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 8.18 |
TravelSky Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TravelSky Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TravelSky Technology's standard deviation. In reality, there are many statistical measures that can use TravelSky Technology historical prices to predict the future TravelSky Technology's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.4705 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0887 | |||
| Treynor Ratio | (0.62) |
TravelSky Technology Backtested Returns
TravelSky Technology appears to be somewhat reliable, given 3 months investment horizon. TravelSky Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TravelSky Technology Ltd, which you can use to evaluate the volatility of the company. Please review TravelSky Technology's Coefficient Of Variation of 929.56, semi deviation of 2.83, and Risk Adjusted Performance of 0.0902 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TravelSky Technology holds a performance score of 8. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TravelSky Technology are expected to decrease at a much lower rate. During the bear market, TravelSky Technology is likely to outperform the market. Please check TravelSky Technology's total risk alpha, as well as the relationship between the downside variance and daily balance of power , to make a quick decision on whether TravelSky Technology's existing price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
TravelSky Technology Ltd has good reverse predictability. Overlapping area represents the amount of predictability between TravelSky Technology time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 TravelSky Technology price movement. The serial correlation of -0.54 indicates that about 54.0% of current TravelSky Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
TravelSky Technology lagged returns against current returns
Autocorrelation, which is TravelSky Technology 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 TravelSky Technology's pink sheet expected returns. We can calculate the autocorrelation of TravelSky Technology returns to help us make a trade decision. For example, suppose you find that TravelSky Technology 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 |
TravelSky Technology 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 TravelSky Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TravelSky Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TravelSky Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TravelSky Technology Lagged Returns
When evaluating TravelSky Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TravelSky Technology pink sheet have on its future price. TravelSky Technology 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, TravelSky Technology autocorrelation shows the relationship between TravelSky Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TravelSky Technology Ltd.
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.Additional Tools for TravelSky Pink Sheet Analysis
When running TravelSky Technology's price analysis, check to measure TravelSky Technology'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 TravelSky Technology is operating at the current time. Most of TravelSky Technology's value examination focuses on studying past and present price action to predict the probability of TravelSky Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TravelSky Technology's price. Additionally, you may evaluate how the addition of TravelSky Technology to your portfolios can decrease your overall portfolio volatility.