TITAN MACHINERY (Germany) Market Value
| 3TY Stock | EUR 14.80 0.40 2.63% |
| Symbol | TITAN |
TITAN MACHINERY '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 TITAN MACHINERY'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 TITAN MACHINERY.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TITAN MACHINERY on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TITAN MACHINERY or generate 0.0% return on investment in TITAN MACHINERY over 540 days. TITAN MACHINERY is related to or competes with Richardson Electronics, KIMBALL ELECTRONICS, CapitaLand Investment, WisdomTree Investments, Nucletron Electronic, Virtus Investment, and PennantPark Investment. More
TITAN MACHINERY 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 TITAN MACHINERY'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 TITAN MACHINERY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.0532 | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 5.47 |
TITAN MACHINERY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TITAN MACHINERY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TITAN MACHINERY's standard deviation. In reality, there are many statistical measures that can use TITAN MACHINERY historical prices to predict the future TITAN MACHINERY's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | 0.1023 |
TITAN MACHINERY Backtested Returns
At this point, TITAN MACHINERY is not too volatile. TITAN MACHINERY owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0614, which indicates the firm had a 0.0614% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for TITAN MACHINERY, which you can use to evaluate the volatility of the company. Please validate TITAN MACHINERY's risk adjusted performance of 0.079, and Coefficient Of Variation of 1073.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. TITAN MACHINERY has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 2.76, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TITAN MACHINERY will likely underperform. TITAN MACHINERY presently has a risk of 3.11%. Please validate TITAN MACHINERY total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if TITAN MACHINERY will be following its existing price patterns.
Auto-correlation | 0.69 |
Good predictability
TITAN MACHINERY has good predictability. Overlapping area represents the amount of predictability between TITAN MACHINERY time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 TITAN MACHINERY price movement. The serial correlation of 0.69 indicates that around 69.0% of current TITAN MACHINERY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 15.65 |
TITAN MACHINERY lagged returns against current returns
Autocorrelation, which is TITAN MACHINERY 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 TITAN MACHINERY's stock expected returns. We can calculate the autocorrelation of TITAN MACHINERY returns to help us make a trade decision. For example, suppose you find that TITAN MACHINERY 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 |
TITAN MACHINERY 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 TITAN MACHINERY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TITAN MACHINERY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TITAN MACHINERY stock over time.
Current vs Lagged Prices |
| Timeline |
TITAN MACHINERY Lagged Returns
When evaluating TITAN MACHINERY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TITAN MACHINERY stock have on its future price. TITAN MACHINERY 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, TITAN MACHINERY autocorrelation shows the relationship between TITAN MACHINERY stock current value and its past values and can show if there is a momentum factor associated with investing in TITAN MACHINERY.
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.Additional Information and Resources on Investing in TITAN Stock
When determining whether TITAN MACHINERY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TITAN MACHINERY's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Titan Machinery Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Titan Machinery Stock:Check out TITAN MACHINERY Correlation, TITAN MACHINERY Volatility and TITAN MACHINERY Alpha and Beta module to complement your research on TITAN MACHINERY. For information on how to trade TITAN Stock refer to our How to Trade TITAN Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
TITAN MACHINERY 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.