Teka Tecelagem (Brazil) Market Value
| TEKA4 Preferred Stock | BRL 29.00 1.00 3.33% |
| Symbol | Teka |
Teka Tecelagem '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 Teka Tecelagem's preferred 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 Teka Tecelagem.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Teka Tecelagem on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Teka Tecelagem Kuehnrich or generate 0.0% return on investment in Teka Tecelagem over 240 days. Teka Tecelagem is related to or competes with Txtil Renauxview, Telecomunicaes Brasileiras, Recrusul, Pettenati, and Companhia. Teka Tecelagem Kuehnrich S.A. manufactures and sells bedding, bathroom, and table products in Brazil More
Teka Tecelagem 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 Teka Tecelagem's preferred 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 Teka Tecelagem Kuehnrich upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.01 | |||
| Information Ratio | 0.0023 | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.45 |
Teka Tecelagem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teka Tecelagem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teka Tecelagem's standard deviation. In reality, there are many statistical measures that can use Teka Tecelagem historical prices to predict the future Teka Tecelagem's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | 0.0313 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.13) |
Teka Tecelagem Kuehnrich Backtested Returns
Currently, Teka Tecelagem Kuehnrich is very steady. Teka Tecelagem Kuehnrich owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0196, which indicates the firm had a 0.0196% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Teka Tecelagem Kuehnrich, which you can use to evaluate the volatility of the company. Please validate Teka Tecelagem's Semi Deviation of 1.47, risk adjusted performance of 0.021, and Coefficient Of Variation of 5229.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.0383%. Teka Tecelagem has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Teka Tecelagem are expected to decrease at a much lower rate. During the bear market, Teka Tecelagem is likely to outperform the market. Teka Tecelagem Kuehnrich right now has a risk of 1.96%. Please validate Teka Tecelagem sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Teka Tecelagem will be following its existing price patterns.
Auto-correlation | 0.52 |
Modest predictability
Teka Tecelagem Kuehnrich has modest predictability. Overlapping area represents the amount of predictability between Teka Tecelagem time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Teka Tecelagem Kuehnrich price movement. The serial correlation of 0.52 indicates that about 52.0% of current Teka Tecelagem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
Teka Tecelagem Kuehnrich lagged returns against current returns
Autocorrelation, which is Teka Tecelagem preferred 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 Teka Tecelagem's preferred stock expected returns. We can calculate the autocorrelation of Teka Tecelagem returns to help us make a trade decision. For example, suppose you find that Teka Tecelagem has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Teka Tecelagem 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 Teka Tecelagem preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teka Tecelagem preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teka Tecelagem preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Teka Tecelagem Lagged Returns
When evaluating Teka Tecelagem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teka Tecelagem preferred stock have on its future price. Teka Tecelagem 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, Teka Tecelagem autocorrelation shows the relationship between Teka Tecelagem preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Teka Tecelagem Kuehnrich.
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 Teka Preferred Stock Analysis
When running Teka Tecelagem's price analysis, check to measure Teka Tecelagem'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 Teka Tecelagem is operating at the current time. Most of Teka Tecelagem's value examination focuses on studying past and present price action to predict the probability of Teka Tecelagem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teka Tecelagem's price. Additionally, you may evaluate how the addition of Teka Tecelagem to your portfolios can decrease your overall portfolio volatility.