Teledyne Technologies (Germany) Market Value
| TYZ Stock | EUR 457.60 0.80 0.17% |
| Symbol | Teledyne |
Teledyne Technologies '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 Teledyne Technologies' 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 Teledyne Technologies.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Teledyne Technologies on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Teledyne Technologies Incorporated or generate 0.0% return on investment in Teledyne Technologies over 30 days. Teledyne Technologies is related to or competes with Ramsay Health, SALESFORCE INC, Trade Desk, AUTO TRADER, CarsalesCom, Bumrungrad Hospital, and Fast Retailing. Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and eng... More
Teledyne Technologies 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 Teledyne Technologies' 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 Teledyne Technologies Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9508 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 8.12 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.91 |
Teledyne Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teledyne Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teledyne Technologies' standard deviation. In reality, there are many statistical measures that can use Teledyne Technologies historical prices to predict the future Teledyne Technologies' volatility.| Risk Adjusted Performance | 0.1588 | |||
| Jensen Alpha | 0.2253 | |||
| Total Risk Alpha | 0.0601 | |||
| Sortino Ratio | 0.1601 | |||
| Treynor Ratio | 0.7291 |
Teledyne Technologies Backtested Returns
Teledyne Technologies appears to be very steady, given 3 months investment horizon. Teledyne Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Teledyne Technologies Incorporated, which you can use to evaluate the volatility of the company. Please review Teledyne Technologies' Coefficient Of Variation of 496.36, risk adjusted performance of 0.1588, and Semi Deviation of 0.6476 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Teledyne Technologies holds a performance score of 15. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teledyne Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Teledyne Technologies is expected to be smaller as well. Please check Teledyne Technologies' value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Teledyne Technologies' existing price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Teledyne Technologies Incorporated has very good predictability. Overlapping area represents the amount of predictability between Teledyne Technologies time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Teledyne Technologies price movement. The serial correlation of 0.83 indicates that around 83.0% of current Teledyne Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 64.7 |
Teledyne Technologies lagged returns against current returns
Autocorrelation, which is Teledyne Technologies 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 Teledyne Technologies' stock expected returns. We can calculate the autocorrelation of Teledyne Technologies returns to help us make a trade decision. For example, suppose you find that Teledyne Technologies 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 |
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Teledyne Technologies 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 Teledyne Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teledyne Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teledyne Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Teledyne Technologies Lagged Returns
When evaluating Teledyne Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teledyne Technologies stock have on its future price. Teledyne Technologies 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, Teledyne Technologies autocorrelation shows the relationship between Teledyne Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Teledyne Technologies Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Teledyne Stock
When determining whether Teledyne Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Teledyne Technologies' 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 Teledyne Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Teledyne Technologies Incorporated Stock:Check out Teledyne Technologies Correlation, Teledyne Technologies Volatility and Teledyne Technologies Alpha and Beta module to complement your research on Teledyne Technologies. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Teledyne Technologies 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.