Teradyne (Germany) Market Value
| TEY Stock | EUR 114.22 1.40 1.24% |
| Symbol | Teradyne |
Teradyne '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 Teradyne'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 Teradyne.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Teradyne on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Teradyne or generate 0.0% return on investment in Teradyne over 720 days. Teradyne is related to or competes with Applied Materials, Tokyo Electron, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide More
Teradyne 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 Teradyne'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 Teradyne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.91 |
Teradyne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teradyne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teradyne's standard deviation. In reality, there are many statistical measures that can use Teradyne historical prices to predict the future Teradyne's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.01 |
Teradyne Backtested Returns
At this point, Teradyne is very steady. Teradyne owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.005, which indicates the firm had a 0.005% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Teradyne, which you can use to evaluate the volatility of the company. Please validate Teradyne's Risk Adjusted Performance of 0.0143, semi deviation of 2.56, and Coefficient Of Variation of 10316.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.013%. The entity has a beta of 1.55, 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, Teradyne will likely underperform. Teradyne right now has a risk of 2.62%. Please validate Teradyne downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if Teradyne will be following its existing price patterns.
Auto-correlation | 0.43 |
Average predictability
Teradyne has average predictability. Overlapping area represents the amount of predictability between Teradyne time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Teradyne price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Teradyne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 233.33 |
Teradyne lagged returns against current returns
Autocorrelation, which is Teradyne 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 Teradyne's stock expected returns. We can calculate the autocorrelation of Teradyne returns to help us make a trade decision. For example, suppose you find that Teradyne 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 |
Teradyne 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 Teradyne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teradyne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teradyne stock over time.
Current vs Lagged Prices |
| Timeline |
Teradyne Lagged Returns
When evaluating Teradyne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teradyne stock have on its future price. Teradyne 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, Teradyne autocorrelation shows the relationship between Teradyne stock current value and its past values and can show if there is a momentum factor associated with investing in Teradyne.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Teradyne Stock
When determining whether Teradyne is a strong investment it is important to analyze Teradyne's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Teradyne's future performance. For an informed investment choice regarding Teradyne Stock, refer to the following important reports:Check out Teradyne Correlation, Teradyne Volatility and Teradyne Alpha and Beta module to complement your research on Teradyne. For more detail on how to invest in Teradyne Stock please use our How to Invest in Teradyne guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Teradyne 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.