Tecsys Inc Stock Market Value
| TCYSF Stock | USD 33.28 1.48 4.65% |
| Symbol | Tecsys |
Tecsys '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 Tecsys' pink sheet 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 Tecsys.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Tecsys on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Tecsys Inc or generate 0.0% return on investment in Tecsys over 720 days. Tecsys is related to or competes with 01 Communique, LifeSpeak, RESAAS Services, and RenoWorks Software. Tecsys Inc. engages in the development, marketing, and sale of enterprise-wide supply chain management software and rela... More
Tecsys 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 Tecsys' pink sheet 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 Tecsys Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1765 | |||
| Maximum Drawdown | 7.91 | |||
| Potential Upside | 2.38 |
Tecsys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecsys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecsys' standard deviation. In reality, there are many statistical measures that can use Tecsys historical prices to predict the future Tecsys' volatility.| Risk Adjusted Performance | 0.1645 | |||
| Jensen Alpha | 0.215 | |||
| Total Risk Alpha | 0.1817 | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tecsys' 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.
Tecsys Inc Backtested Returns
Tecsys appears to be very steady, given 3 months investment horizon. Tecsys Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty technical indicators for Tecsys Inc, which you can use to evaluate the volatility of the company. Please review Tecsys' Variance of 1.14, coefficient of variation of 490.78, and Risk Adjusted Performance of 0.1645 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tecsys holds a performance score of 16. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tecsys are expected to decrease at a much lower rate. During the bear market, Tecsys is likely to outperform the market. Please check Tecsys' coefficient of variation, total risk alpha, as well as the relationship between the Total Risk Alpha and rate of daily change , to make a quick decision on whether Tecsys' existing price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Tecsys Inc has below average predictability. Overlapping area represents the amount of predictability between Tecsys time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Tecsys Inc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Tecsys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Tecsys Inc lagged returns against current returns
Autocorrelation, which is Tecsys pink sheet'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 Tecsys' pink sheet expected returns. We can calculate the autocorrelation of Tecsys returns to help us make a trade decision. For example, suppose you find that Tecsys has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tecsys 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 Tecsys pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecsys pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecsys pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tecsys Lagged Returns
When evaluating Tecsys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecsys pink sheet have on its future price. Tecsys 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, Tecsys autocorrelation shows the relationship between Tecsys pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tecsys Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tecsys Pink Sheet
Tecsys financial ratios help investors to determine whether Tecsys Pink Sheet 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 Tecsys with respect to the benefits of owning Tecsys security.