TNEMAK 3625 28 JUN 31 Market Value
| 64045DAC8 | 81.13 4.93 6.47% |
| Symbol | TNEMAK |
Please note, there is a significant difference between TNEMAK's value and its price as these two are different measures arrived at by different means. Investors typically determine if TNEMAK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TNEMAK'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.
TNEMAK '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 TNEMAK's bond 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 TNEMAK.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in TNEMAK on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding TNEMAK 3625 28 JUN 31 or generate 0.0% return on investment in TNEMAK over 30 days. TNEMAK is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
TNEMAK 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 TNEMAK's bond 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 TNEMAK 3625 28 JUN 31 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.58 |
TNEMAK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TNEMAK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TNEMAK's standard deviation. In reality, there are many statistical measures that can use TNEMAK historical prices to predict the future TNEMAK's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.22) |
TNEMAK 3625 28 Backtested Returns
TNEMAK 3625 28 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0047, which indicates the bond had a -0.0047% return per unit of volatility over the last 3 months. TNEMAK 3625 28 JUN 31 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TNEMAK's coefficient of variation of 4790.64, and Risk Adjusted Performance of 0.0214 to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TNEMAK are expected to decrease at a much lower rate. During the bear market, TNEMAK is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
TNEMAK 3625 28 JUN 31 has modest predictability. Overlapping area represents the amount of predictability between TNEMAK 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 TNEMAK 3625 28 price movement. The serial correlation of 0.5 indicates that about 50.0% of current TNEMAK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
TNEMAK 3625 28 lagged returns against current returns
Autocorrelation, which is TNEMAK bond'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 TNEMAK's bond expected returns. We can calculate the autocorrelation of TNEMAK returns to help us make a trade decision. For example, suppose you find that TNEMAK has exhibited high autocorrelation historically, and you observe that the bond 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 |
TNEMAK 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 TNEMAK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TNEMAK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TNEMAK bond over time.
Current vs Lagged Prices |
| Timeline |
TNEMAK Lagged Returns
When evaluating TNEMAK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TNEMAK bond have on its future price. TNEMAK 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, TNEMAK autocorrelation shows the relationship between TNEMAK bond current value and its past values and can show if there is a momentum factor associated with investing in TNEMAK 3625 28 JUN 31.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TNEMAK Bond
TNEMAK financial ratios help investors to determine whether TNEMAK Bond 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 TNEMAK with respect to the benefits of owning TNEMAK security.