Truworths International (South Africa) Market Value
| TRU Stock | 10,795 284.00 2.70% |
| Symbol | Truworths |
Truworths International '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 Truworths International'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 Truworths International.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Truworths International on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Truworths International or generate 0.0% return on investment in Truworths International over 30 days. Truworths International is related to or competes with African Media, CA Sales, Safari Investments, and Frontier Transport. More
Truworths International 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 Truworths International'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 Truworths International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.56 |
Truworths International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Truworths International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Truworths International's standard deviation. In reality, there are many statistical measures that can use Truworths International historical prices to predict the future Truworths International's volatility.| Risk Adjusted Performance | 0.0732 | |||
| Jensen Alpha | 0.272 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0417 | |||
| Treynor Ratio | (0.20) |
Truworths International Backtested Returns
Truworths International appears to be very steady, given 3 months investment horizon. Truworths International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Truworths International, which you can use to evaluate the volatility of the company. Please review Truworths International's Semi Deviation of 1.68, risk adjusted performance of 0.0732, and Coefficient Of Variation of 1088.05 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Truworths International holds a performance score of 8. The entity has a beta of -0.91, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Truworths International are expected to decrease slowly. On the other hand, during market turmoil, Truworths International is expected to outperform it slightly. Please check Truworths International's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Truworths International's existing price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Truworths International has good predictability. Overlapping area represents the amount of predictability between Truworths International time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Truworths International price movement. The serial correlation of 0.72 indicates that around 72.0% of current Truworths International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 43.4 K |
Truworths International lagged returns against current returns
Autocorrelation, which is Truworths International 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 Truworths International's stock expected returns. We can calculate the autocorrelation of Truworths International returns to help us make a trade decision. For example, suppose you find that Truworths International 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 |
Truworths International 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 Truworths International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Truworths International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Truworths International stock over time.
Current vs Lagged Prices |
| Timeline |
Truworths International Lagged Returns
When evaluating Truworths International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Truworths International stock have on its future price. Truworths International 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, Truworths International autocorrelation shows the relationship between Truworths International stock current value and its past values and can show if there is a momentum factor associated with investing in Truworths International.
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.Other Information on Investing in Truworths Stock
Truworths International financial ratios help investors to determine whether Truworths Stock 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 Truworths with respect to the benefits of owning Truworths International security.