TCI MUNICATIONS INC Market Value
| 872287AF4 | 109.04 5.27 5.08% |
| Symbol | 872287AF4 |
872287AF4 '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 872287AF4'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 872287AF4.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 872287AF4 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TCI MUNICATIONS INC or generate 0.0% return on investment in 872287AF4 over 30 days. 872287AF4 is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
872287AF4 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 872287AF4'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 TCI MUNICATIONS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 2.09 |
872287AF4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 872287AF4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 872287AF4's standard deviation. In reality, there are many statistical measures that can use 872287AF4 historical prices to predict the future 872287AF4's volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.2121 |
TCI MUNICATIONS INC Backtested Returns
At this point, 872287AF4 is very steady. TCI MUNICATIONS INC secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the bond had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for TCI MUNICATIONS INC, which you can use to evaluate the volatility of the entity. Please confirm 872287AF4's Coefficient Of Variation of 2044.41, risk adjusted performance of 0.0418, and Semi Deviation of 0.9764 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The entity shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 872287AF4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 872287AF4 is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
TCI MUNICATIONS INC has virtually no predictability. Overlapping area represents the amount of predictability between 872287AF4 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 TCI MUNICATIONS INC price movement. The serial correlation of 0.02 indicates that only 2.0% of current 872287AF4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
TCI MUNICATIONS INC lagged returns against current returns
Autocorrelation, which is 872287AF4 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 872287AF4's bond expected returns. We can calculate the autocorrelation of 872287AF4 returns to help us make a trade decision. For example, suppose you find that 872287AF4 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 |
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872287AF4 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 872287AF4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 872287AF4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 872287AF4 bond over time.
Current vs Lagged Prices |
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872287AF4 Lagged Returns
When evaluating 872287AF4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 872287AF4 bond have on its future price. 872287AF4 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, 872287AF4 autocorrelation shows the relationship between 872287AF4 bond current value and its past values and can show if there is a momentum factor associated with investing in TCI MUNICATIONS INC.
Regressed Prices |
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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 872287AF4 Bond
872287AF4 financial ratios help investors to determine whether 872287AF4 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 872287AF4 with respect to the benefits of owning 872287AF4 security.