TATEPA PANY (Tanzania) Market Value
| TTP Stock | 120.00 0.00 0.00% |
| Symbol | TATEPA |
TATEPA PANY '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 TATEPA PANY'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 TATEPA PANY.
| 09/24/2024 |
| 01/22/2025 |
If you would invest 0.00 in TATEPA PANY on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding TATEPA PANY LTD or generate 0.0% return on investment in TATEPA PANY over 120 days.
TATEPA PANY 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 TATEPA PANY'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 TATEPA PANY LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0905 | |||
| Maximum Drawdown | 9.09 |
TATEPA PANY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TATEPA PANY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TATEPA PANY's standard deviation. In reality, there are many statistical measures that can use TATEPA PANY historical prices to predict the future TATEPA PANY's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.1271 | |||
| Total Risk Alpha | 0.0926 | |||
| Treynor Ratio | 5.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TATEPA PANY'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.
TATEPA PANY LTD Backtested Returns
At this point, TATEPA PANY is very steady. TATEPA PANY LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the company had a 0.13 % return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for TATEPA PANY LTD, which you can use to evaluate the volatility of the entity. Please validate TATEPA PANY's Risk Adjusted Performance of 0.1063, standard deviation of 1.12, and Market Risk Adjusted Performance of 5.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. TATEPA PANY has a performance score of 10 on a scale of 0 to 100. The firm has a beta of 0.0234, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TATEPA PANY's returns are expected to increase less than the market. However, during the bear market, the loss of holding TATEPA PANY is expected to be smaller as well. TATEPA PANY LTD currently has a risk of 1.19%. Please validate TATEPA PANY treynor ratio, rate of daily change, and the relationship between the variance and skewness , to decide if TATEPA PANY will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
TATEPA PANY LTD has no correlation between past and present. Overlapping area represents the amount of predictability between TATEPA PANY time series from 24th of September 2024 to 23rd of November 2024 and 23rd of November 2024 to 22nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TATEPA PANY LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current TATEPA PANY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 24.38 |
TATEPA PANY LTD lagged returns against current returns
Autocorrelation, which is TATEPA PANY 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 TATEPA PANY's stock expected returns. We can calculate the autocorrelation of TATEPA PANY returns to help us make a trade decision. For example, suppose you find that TATEPA PANY 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 |
TATEPA PANY 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 TATEPA PANY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TATEPA PANY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TATEPA PANY stock over time.
Current vs Lagged Prices |
| Timeline |
TATEPA PANY Lagged Returns
When evaluating TATEPA PANY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TATEPA PANY stock have on its future price. TATEPA PANY 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, TATEPA PANY autocorrelation shows the relationship between TATEPA PANY stock current value and its past values and can show if there is a momentum factor associated with investing in TATEPA PANY LTD.
Regressed Prices |
| Timeline |