TRAVEL + (Germany) Market Value
| WD5A Stock | EUR 52.50 1.00 1.94% |
| Symbol | TRAVEL |
TRAVEL + '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 TRAVEL +'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 TRAVEL +.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TRAVEL + on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TRAVEL LEISURE DL 01 or generate 0.0% return on investment in TRAVEL + over 30 days. TRAVEL + is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Travel Leisure Co. provides hospitality services and products in the United States and internationally More
TRAVEL + 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 TRAVEL +'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 TRAVEL LEISURE DL 01 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.223 | |||
| Maximum Drawdown | 7.49 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 3.13 |
TRAVEL + Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRAVEL +'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRAVEL +'s standard deviation. In reality, there are many statistical measures that can use TRAVEL + historical prices to predict the future TRAVEL +'s volatility.| Risk Adjusted Performance | 0.2391 | |||
| Jensen Alpha | 0.4483 | |||
| Total Risk Alpha | 0.2253 | |||
| Sortino Ratio | 0.2171 | |||
| Treynor Ratio | 2.03 |
TRAVEL LEISURE DL Backtested Returns
TRAVEL + appears to be very steady, given 3 months investment horizon. TRAVEL LEISURE DL retains Efficiency (Sharpe Ratio) of 0.31, which indicates the firm had a 0.31% return per unit of risk over the last 3 months. By inspecting TRAVEL +'s technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review TRAVEL +'s risk adjusted performance of 0.2391, and Downside Deviation of 1.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TRAVEL + holds a performance score of 24. The entity owns a Beta (Systematic Risk) of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRAVEL +'s returns are expected to increase less than the market. However, during the bear market, the loss of holding TRAVEL + is expected to be smaller as well. Please check TRAVEL +'s semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether TRAVEL +'s current price history will revert.
Auto-correlation | 0.57 |
Modest predictability
TRAVEL LEISURE DL 01 has modest predictability. Overlapping area represents the amount of predictability between TRAVEL + 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 TRAVEL LEISURE DL price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current TRAVEL + price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
TRAVEL LEISURE DL lagged returns against current returns
Autocorrelation, which is TRAVEL + 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 TRAVEL +'s stock expected returns. We can calculate the autocorrelation of TRAVEL + returns to help us make a trade decision. For example, suppose you find that TRAVEL + 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 |
TRAVEL + 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 TRAVEL + stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRAVEL + stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRAVEL + stock over time.
Current vs Lagged Prices |
| Timeline |
TRAVEL + Lagged Returns
When evaluating TRAVEL +'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRAVEL + stock have on its future price. TRAVEL + 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, TRAVEL + autocorrelation shows the relationship between TRAVEL + stock current value and its past values and can show if there is a momentum factor associated with investing in TRAVEL LEISURE DL 01.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TRAVEL Stock
TRAVEL + financial ratios help investors to determine whether TRAVEL 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 TRAVEL with respect to the benefits of owning TRAVEL + security.