Terex (Germany) Market Value
| TXG Stock | EUR 51.44 0.64 1.26% |
| Symbol | Terex |
Terex '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 Terex'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 Terex.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Terex on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Terex or generate 0.0% return on investment in Terex over 30 days. Terex is related to or competes with Federal Agricultural, Dairy Farm, DAIRY FARM, Regions Financial, CHIBA BANK, Commonwealth Bank, and Chiba Bank. Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide More
Terex 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 Terex'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 Terex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 5.11 |
Terex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terex's standard deviation. In reality, there are many statistical measures that can use Terex historical prices to predict the future Terex's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0556 |
Terex Backtested Returns
At this point, Terex is very steady. Terex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0623, which indicates the firm had a 0.0623% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Terex, which you can use to evaluate the volatility of the company. Please validate Terex's Risk Adjusted Performance of 0.027, semi deviation of 2.39, and Coefficient Of Variation of 3799.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Terex has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.0, which indicates possible diversification benefits within a given portfolio. Terex returns are very sensitive to returns on the market. As the market goes up or down, Terex is expected to follow. Terex right now has a risk of 2.41%. Please validate Terex treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if Terex will be following its existing price patterns.
Auto-correlation | 0.63 |
Good predictability
Terex has good predictability. Overlapping area represents the amount of predictability between Terex time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Terex price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Terex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Terex lagged returns against current returns
Autocorrelation, which is Terex 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 Terex's stock expected returns. We can calculate the autocorrelation of Terex returns to help us make a trade decision. For example, suppose you find that Terex 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 |
Terex 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 Terex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terex stock over time.
Current vs Lagged Prices |
| Timeline |
Terex Lagged Returns
When evaluating Terex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terex stock have on its future price. Terex 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, Terex autocorrelation shows the relationship between Terex stock current value and its past values and can show if there is a momentum factor associated with investing in Terex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Terex Stock
When determining whether Terex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Terex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Terex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Terex Stock:Check out Terex Correlation, Terex Volatility and Terex Alpha and Beta module to complement your research on Terex. For more detail on how to invest in Terex Stock please use our How to Invest in Terex guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Terex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.