Terna Rete (Germany) Market Value
| UEI Stock | EUR 7.72 0.02 0.26% |
| Symbol | Terna |
Terna Rete '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 Terna Rete'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 Terna Rete.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Terna Rete on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Terna Rete or generate 0.0% return on investment in Terna Rete over 30 days. Terna Rete is related to or competes with TITAN MACHINERY, Singapore Reinsurance, REVO INSURANCE, Dairy Farm, Goosehead Insurance, Daito Trust, and ZURICH INSURANCE. Terna - Rete Elettrica Nazionale Societ per Azioni, together with its subsidiaries, engages in the electricity transmiss... More
Terna Rete 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 Terna Rete'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 Terna Rete upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.57 |
Terna Rete Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terna Rete's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terna Rete's standard deviation. In reality, there are many statistical measures that can use Terna Rete historical prices to predict the future Terna Rete's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.25) |
Terna Rete Backtested Returns
Terna Rete owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0364, which indicates the firm had a -0.0364% return per unit of risk over the last 3 months. Terna Rete exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Terna Rete's Risk Adjusted Performance of (0.02), variance of 0.9921, and Coefficient Of Variation of (2,785) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Terna Rete's returns are expected to increase less than the market. However, during the bear market, the loss of holding Terna Rete is expected to be smaller as well. At this point, Terna Rete has a negative expected return of -0.0369%. Please make sure to validate Terna Rete's potential upside, daily balance of power, price action indicator, as well as the relationship between the kurtosis and day median price , to decide if Terna Rete performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Terna Rete has near perfect reversele predictability. Overlapping area represents the amount of predictability between Terna Rete time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Terna Rete price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Terna Rete price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Terna Rete lagged returns against current returns
Autocorrelation, which is Terna Rete 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 Terna Rete's stock expected returns. We can calculate the autocorrelation of Terna Rete returns to help us make a trade decision. For example, suppose you find that Terna Rete 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 |
Terna Rete 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 Terna Rete stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terna Rete stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terna Rete stock over time.
Current vs Lagged Prices |
| Timeline |
Terna Rete Lagged Returns
When evaluating Terna Rete's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terna Rete stock have on its future price. Terna Rete 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, Terna Rete autocorrelation shows the relationship between Terna Rete stock current value and its past values and can show if there is a momentum factor associated with investing in Terna Rete.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Terna Stock
Terna Rete financial ratios help investors to determine whether Terna 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 Terna with respect to the benefits of owning Terna Rete security.