Thyssenkrupp Ag On Stock Market Value

TYEKF Stock  USD 4.08  0.14  3.32%   
Thyssenkrupp's market value is the price at which a share of Thyssenkrupp trades on a public exchange. It measures the collective expectations of Thyssenkrupp AG ON investors about its performance. Thyssenkrupp is trading at 4.08 as of the 11th of December 2024. This is a 3.32% down since the beginning of the trading day. The stock's lowest day price was 4.08.
With this module, you can estimate the performance of a buy and hold strategy of Thyssenkrupp AG ON and determine expected loss or profit from investing in Thyssenkrupp over a given investment horizon. Check out Thyssenkrupp Correlation, Thyssenkrupp Volatility and Thyssenkrupp Alpha and Beta module to complement your research on Thyssenkrupp.
Symbol

Please note, there is a significant difference between Thyssenkrupp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thyssenkrupp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thyssenkrupp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Thyssenkrupp '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 Thyssenkrupp'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 Thyssenkrupp.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Thyssenkrupp on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Thyssenkrupp AG ON or generate 0.0% return on investment in Thyssenkrupp over 30 days. Thyssenkrupp is related to or competes with ESAB Corp, Worthington Industries, Allegheny Technologies, Insteel Industries, Ryerson Holding, and Mueller Industries. thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materi... More

Thyssenkrupp 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 Thyssenkrupp'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 Thyssenkrupp AG ON upside and downside potential and time the market with a certain degree of confidence.

Thyssenkrupp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Thyssenkrupp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thyssenkrupp's standard deviation. In reality, there are many statistical measures that can use Thyssenkrupp historical prices to predict the future Thyssenkrupp's volatility.
Hype
Prediction
LowEstimatedHigh
0.204.088.87
Details
Intrinsic
Valuation
LowRealHigh
0.163.308.09
Details
Naive
Forecast
LowNextHigh
0.083.948.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4.084.084.08
Details

Thyssenkrupp AG ON Backtested Returns

Thyssenkrupp appears to be risky, given 3 months investment horizon. Thyssenkrupp AG ON 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. By inspecting Thyssenkrupp's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please review Thyssenkrupp's Coefficient Of Variation of 1403.44, semi deviation of 4.1, and Risk Adjusted Performance of 0.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thyssenkrupp holds a performance score of 8. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thyssenkrupp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thyssenkrupp is expected to be smaller as well. Please check Thyssenkrupp's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Thyssenkrupp's existing price patterns will revert.

Auto-correlation

    
  -0.11  

Insignificant reverse predictability

Thyssenkrupp AG ON has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thyssenkrupp time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Thyssenkrupp AG ON price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Thyssenkrupp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.11
Spearman Rank Test0.53
Residual Average0.0
Price Variance0.0

Thyssenkrupp AG ON lagged returns against current returns

Autocorrelation, which is Thyssenkrupp 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 Thyssenkrupp's pink sheet expected returns. We can calculate the autocorrelation of Thyssenkrupp returns to help us make a trade decision. For example, suppose you find that Thyssenkrupp 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  

Thyssenkrupp 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 Thyssenkrupp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thyssenkrupp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thyssenkrupp pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Thyssenkrupp Lagged Returns

When evaluating Thyssenkrupp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thyssenkrupp pink sheet have on its future price. Thyssenkrupp 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, Thyssenkrupp autocorrelation shows the relationship between Thyssenkrupp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thyssenkrupp AG ON.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Thyssenkrupp Pink Sheet

Thyssenkrupp financial ratios help investors to determine whether Thyssenkrupp Pink Sheet 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 Thyssenkrupp with respect to the benefits of owning Thyssenkrupp security.