Txcom SA (France) Market Value
| ALTXC Stock | 8.60 0.05 0.58% |
| Symbol | Txcom |
Txcom SA '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 Txcom SA'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 Txcom SA.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Txcom SA on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Txcom SA or generate 0.0% return on investment in Txcom SA over 720 days. Txcom SA is related to or competes with Orange SA, Engie SA, Vallourec, and Getlink SE. More
Txcom SA 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 Txcom SA'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 Txcom SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.53 |
Txcom SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Txcom SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Txcom SA's standard deviation. In reality, there are many statistical measures that can use Txcom SA historical prices to predict the future Txcom SA's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Txcom SA'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.
Txcom SA Backtested Returns
Currently, Txcom SA is not too volatile. Txcom SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0297, which indicates the firm had a 0.0297% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Txcom SA, which you can use to evaluate the volatility of the company. Please validate Txcom SA's Coefficient Of Variation of 12058.83, semi deviation of 1.33, and Risk Adjusted Performance of 0.0119 to confirm if the risk estimate we provide is consistent with the expected return of 0.0492%. Txcom SA has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Txcom SA are expected to decrease at a much lower rate. During the bear market, Txcom SA is likely to outperform the market. Txcom SA right now has a risk of 1.66%. Please validate Txcom SA value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to decide if Txcom SA will be following its existing price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Txcom SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Txcom SA time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Txcom SA price movement. The serial correlation of -0.76 indicates that around 76.0% of current Txcom SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Txcom SA lagged returns against current returns
Autocorrelation, which is Txcom SA 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 Txcom SA's stock expected returns. We can calculate the autocorrelation of Txcom SA returns to help us make a trade decision. For example, suppose you find that Txcom SA 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 |
Txcom SA 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 Txcom SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Txcom SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Txcom SA stock over time.
Current vs Lagged Prices |
| Timeline |
Txcom SA Lagged Returns
When evaluating Txcom SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Txcom SA stock have on its future price. Txcom SA 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, Txcom SA autocorrelation shows the relationship between Txcom SA stock current value and its past values and can show if there is a momentum factor associated with investing in Txcom SA.
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 Tools for Txcom Stock Analysis
When running Txcom SA's price analysis, check to measure Txcom SA'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 Txcom SA is operating at the current time. Most of Txcom SA's value examination focuses on studying past and present price action to predict the probability of Txcom SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Txcom SA's price. Additionally, you may evaluate how the addition of Txcom SA to your portfolios can decrease your overall portfolio volatility.