Trellus Health (UK) Market Value
| TRLS Stock | 0.57 0.00 0.00% |
| Symbol | Trellus |
Trellus Health '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 Trellus Health'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 Trellus Health.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Trellus Health on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Trellus Health plc or generate 0.0% return on investment in Trellus Health over 30 days. Trellus Health is related to or competes with Berkshire Hathaway, Samsung Electronics, Samsung Electronics, Chocoladefabriken, OTP Bank, Halyk Bank, and SoftBank Group. Trellus Health is entity of United Kingdom More
Trellus Health 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 Trellus Health'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 Trellus Health plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 53.67 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 5.56 |
Trellus Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trellus Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trellus Health's standard deviation. In reality, there are many statistical measures that can use Trellus Health historical prices to predict the future Trellus Health's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (1.64) |
Trellus Health plc Backtested Returns
Trellus Health plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Trellus Health plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trellus Health's Risk Adjusted Performance of (0.10), coefficient of variation of (703.43), and Variance of 37.26 to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trellus Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trellus Health is expected to be smaller as well. At this point, Trellus Health plc has a negative expected return of -0.78%. Please make sure to validate Trellus Health's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Trellus Health plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Trellus Health plc has poor predictability. Overlapping area represents the amount of predictability between Trellus Health time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Trellus Health plc price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Trellus Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trellus Health plc lagged returns against current returns
Autocorrelation, which is Trellus Health 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 Trellus Health's stock expected returns. We can calculate the autocorrelation of Trellus Health returns to help us make a trade decision. For example, suppose you find that Trellus Health 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 |
Trellus Health 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 Trellus Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trellus Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trellus Health stock over time.
Current vs Lagged Prices |
| Timeline |
Trellus Health Lagged Returns
When evaluating Trellus Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trellus Health stock have on its future price. Trellus Health 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, Trellus Health autocorrelation shows the relationship between Trellus Health stock current value and its past values and can show if there is a momentum factor associated with investing in Trellus Health plc.
Regressed Prices |
| Timeline |
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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 Trellus Stock Analysis
When running Trellus Health's price analysis, check to measure Trellus Health'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 Trellus Health is operating at the current time. Most of Trellus Health's value examination focuses on studying past and present price action to predict the probability of Trellus Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trellus Health's price. Additionally, you may evaluate how the addition of Trellus Health to your portfolios can decrease your overall portfolio volatility.