TOREX SEMICONDUCTOR (Germany) Market Value
| 8KH Stock | 10.10 0.10 0.98% |
| Symbol | TOREX |
TOREX SEMICONDUCTOR '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 TOREX SEMICONDUCTOR'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 TOREX SEMICONDUCTOR.
| 04/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in TOREX SEMICONDUCTOR on April 17, 2024 and sell it all today you would earn a total of 0.00 from holding TOREX SEMICONDUCTOR LTD or generate 0.0% return on investment in TOREX SEMICONDUCTOR over 30 days. TOREX SEMICONDUCTOR is related to or competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, and Volkswagen. More
TOREX SEMICONDUCTOR 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 TOREX SEMICONDUCTOR'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 TOREX SEMICONDUCTOR LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.52 |
TOREX SEMICONDUCTOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOREX SEMICONDUCTOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOREX SEMICONDUCTOR's standard deviation. In reality, there are many statistical measures that can use TOREX SEMICONDUCTOR historical prices to predict the future TOREX SEMICONDUCTOR's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.1137 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TOREX SEMICONDUCTOR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TOREX SEMICONDUCTOR LTD Backtested Returns
TOREX SEMICONDUCTOR LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0627, which indicates the firm had a -0.0627% return per unit of standard deviation over the last 3 months. TOREX SEMICONDUCTOR LTD exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOREX SEMICONDUCTOR's risk adjusted performance of (0), and Variance of 4.25 to confirm the risk estimate we provide. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TOREX SEMICONDUCTOR are expected to decrease at a much lower rate. During the bear market, TOREX SEMICONDUCTOR is likely to outperform the market. TOREX SEMICONDUCTOR LTD has an expected return of -0.12%. Please make sure to validate TOREX SEMICONDUCTOR information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if TOREX SEMICONDUCTOR LTD performance from the past will be repeated at some future point.
Auto-correlation | -0.63 |
Very good reverse predictability
TOREX SEMICONDUCTOR LTD has very good reverse predictability. Overlapping area represents the amount of predictability between TOREX SEMICONDUCTOR time series from 17th of April 2024 to 2nd of May 2024 and 2nd of May 2024 to 17th of May 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 TOREX SEMICONDUCTOR LTD price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current TOREX SEMICONDUCTOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TOREX SEMICONDUCTOR LTD lagged returns against current returns
Autocorrelation, which is TOREX SEMICONDUCTOR 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 TOREX SEMICONDUCTOR's stock expected returns. We can calculate the autocorrelation of TOREX SEMICONDUCTOR returns to help us make a trade decision. For example, suppose you find that TOREX SEMICONDUCTOR 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 |
TOREX SEMICONDUCTOR 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 TOREX SEMICONDUCTOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOREX SEMICONDUCTOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOREX SEMICONDUCTOR stock over time.
Current vs Lagged Prices |
| Timeline |
TOREX SEMICONDUCTOR Lagged Returns
When evaluating TOREX SEMICONDUCTOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOREX SEMICONDUCTOR stock have on its future price. TOREX SEMICONDUCTOR 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, TOREX SEMICONDUCTOR autocorrelation shows the relationship between TOREX SEMICONDUCTOR stock current value and its past values and can show if there is a momentum factor associated with investing in TOREX SEMICONDUCTOR LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out TOREX SEMICONDUCTOR Correlation, TOREX SEMICONDUCTOR Volatility and TOREX SEMICONDUCTOR Alpha and Beta module to complement your research on TOREX SEMICONDUCTOR. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for TOREX Stock analysis
When running TOREX SEMICONDUCTOR's price analysis, check to measure TOREX SEMICONDUCTOR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TOREX SEMICONDUCTOR is operating at the current time. Most of TOREX SEMICONDUCTOR's value examination focuses on studying past and present price action to predict the probability of TOREX SEMICONDUCTOR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TOREX SEMICONDUCTOR's price. Additionally, you may evaluate how the addition of TOREX SEMICONDUCTOR to your portfolios can decrease your overall portfolio volatility.
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TOREX SEMICONDUCTOR 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.