Twc Enterprises Stock Market Value
| TWC Stock | CAD 18.40 0.08 0.44% |
| Symbol | TWC |
TWC Enterprises Price To Book Ratio
TWC Enterprises '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 TWC Enterprises' 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 TWC Enterprises.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in TWC Enterprises on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding TWC Enterprises or generate 0.0% return on investment in TWC Enterprises over 180 days. TWC Enterprises is related to or competes with BMTC, Morguard, Tree Island, Clairvest, and Terravest Capital. TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf trademark in ... More
TWC Enterprises 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 TWC Enterprises' 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 TWC Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.26 |
TWC Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TWC Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TWC Enterprises' standard deviation. In reality, there are many statistical measures that can use TWC Enterprises historical prices to predict the future TWC Enterprises' volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.0381 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3564 |
TWC Enterprises Backtested Returns
As of now, TWC Stock is very steady. TWC Enterprises retains Efficiency (Sharpe Ratio) of 0.0377, which indicates the firm had a 0.0377% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TWC Enterprises, which you can use to evaluate the volatility of the company. Please validate TWC Enterprises' risk adjusted performance of 0.037, and Downside Deviation of 2.94 to confirm if the risk estimate we provide is consistent with the expected return of 0.0646%. TWC Enterprises has a performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TWC Enterprises' returns are expected to increase less than the market. However, during the bear market, the loss of holding TWC Enterprises is expected to be smaller as well. TWC Enterprises currently owns a risk of 1.71%. Please validate TWC Enterprises jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if TWC Enterprises will be following its current price history.
Auto-correlation | 0.47 |
Average predictability
TWC Enterprises has average predictability. Overlapping area represents the amount of predictability between TWC Enterprises time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 TWC Enterprises price movement. The serial correlation of 0.47 indicates that about 47.0% of current TWC Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
TWC Enterprises lagged returns against current returns
Autocorrelation, which is TWC Enterprises 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 TWC Enterprises' stock expected returns. We can calculate the autocorrelation of TWC Enterprises returns to help us make a trade decision. For example, suppose you find that TWC Enterprises 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 |
TWC Enterprises 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 TWC Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TWC Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TWC Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
TWC Enterprises Lagged Returns
When evaluating TWC Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TWC Enterprises stock have on its future price. TWC Enterprises 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, TWC Enterprises autocorrelation shows the relationship between TWC Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in TWC Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with TWC Enterprises
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 TWC Enterprises 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 TWC Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against TWC Stock
| 0.47 | JPM | JPMorgan Chase | PairCorr |
| 0.4 | BOFA | Bank of America | PairCorr |
| 0.31 | GOOG | Alphabet CDR | PairCorr |
| 0.31 | CHEV | CHEVRON CDR | PairCorr |
The ability to find closely correlated positions to TWC Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TWC Enterprises 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 TWC Enterprises - 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 TWC Enterprises to buy it.
The correlation of TWC Enterprises 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 TWC Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TWC Enterprises 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 TWC Enterprises 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.Other Information on Investing in TWC Stock
TWC Enterprises financial ratios help investors to determine whether TWC 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 TWC with respect to the benefits of owning TWC Enterprises security.