Transcontinental (Germany) Market Value
| 53L Stock | EUR 11.60 0.30 2.65% |
| Symbol | Transcontinental |
Transcontinental '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 Transcontinental'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 Transcontinental.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Transcontinental on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Transcontinental or generate 0.0% return on investment in Transcontinental over 180 days. Transcontinental is related to or competes with Cintas, RENTOKIL INITIAL, INPOST SA, Elis SA, PARK24, PARK24 SPONS, and RELO GROUP. Transcontinental Inc. engages in the flexible packaging business in Canada, the United States, Latin America, the United... More
Transcontinental 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 Transcontinental'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 Transcontinental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0913 | |||
| Maximum Drawdown | 5.32 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.61 |
Transcontinental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transcontinental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transcontinental's standard deviation. In reality, there are many statistical measures that can use Transcontinental historical prices to predict the future Transcontinental's volatility.| Risk Adjusted Performance | 0.0964 | |||
| Jensen Alpha | 0.1256 | |||
| Total Risk Alpha | 0.1009 | |||
| Sortino Ratio | 0.0888 | |||
| Treynor Ratio | 0.2971 |
Transcontinental Backtested Returns
At this point, Transcontinental is very steady. Transcontinental owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Transcontinental, which you can use to evaluate the volatility of the company. Please validate Transcontinental's Coefficient Of Variation of 853.5, semi deviation of 0.8173, and Risk Adjusted Performance of 0.0964 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Transcontinental has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Transcontinental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transcontinental is expected to be smaller as well. Transcontinental right now has a risk of 1.24%. Please validate Transcontinental mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Transcontinental will be following its existing price patterns.
Auto-correlation | 0.34 |
Below average predictability
Transcontinental has below average predictability. Overlapping area represents the amount of predictability between Transcontinental time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 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 Transcontinental price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Transcontinental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Transcontinental lagged returns against current returns
Autocorrelation, which is Transcontinental 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 Transcontinental's stock expected returns. We can calculate the autocorrelation of Transcontinental returns to help us make a trade decision. For example, suppose you find that Transcontinental 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 |
Transcontinental 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 Transcontinental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transcontinental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transcontinental stock over time.
Current vs Lagged Prices |
| Timeline |
Transcontinental Lagged Returns
When evaluating Transcontinental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transcontinental stock have on its future price. Transcontinental 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, Transcontinental autocorrelation shows the relationship between Transcontinental stock current value and its past values and can show if there is a momentum factor associated with investing in Transcontinental.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Transcontinental Stock
Transcontinental financial ratios help investors to determine whether Transcontinental 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 Transcontinental with respect to the benefits of owning Transcontinental security.