Tesco Plc Stock Market Value
| TSCDF Stock | USD 4.57 0.22 5.06% |
| Symbol | Tesco |
Tesco PLC '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 Tesco PLC's 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 Tesco PLC.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tesco PLC on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tesco PLC or generate 0.0% return on investment in Tesco PLC over 30 days. Tesco PLC is related to or competes with Tesco PLC, Dairy Farm, Woolworths Group, Kesko Oyj, Carrefour, J Sainsbury, and Sendas Distribuidora. Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities More
Tesco PLC 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 Tesco PLC's 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 Tesco PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.25 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 4.04 |
Tesco PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tesco PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tesco PLC's standard deviation. In reality, there are many statistical measures that can use Tesco PLC historical prices to predict the future Tesco PLC's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.1038 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tesco PLC's 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.
Tesco PLC Backtested Returns
Tesco PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0029, which indicates the firm had a -0.0029% return per unit of risk over the last 3 months. Tesco PLC exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tesco PLC's Semi Deviation of 2.15, risk adjusted performance of 0.0114, and Coefficient Of Variation of 15646.62 to confirm the risk estimate we provide. The entity has a beta of -0.86, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Tesco PLC are expected to decrease slowly. On the other hand, during market turmoil, Tesco PLC is expected to outperform it slightly. At this point, Tesco PLC has a negative expected return of -0.0066%. Please make sure to validate Tesco PLC's kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to decide if Tesco PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Tesco PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Tesco PLC time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Tesco PLC price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Tesco PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tesco PLC lagged returns against current returns
Autocorrelation, which is Tesco PLC 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 Tesco PLC's pink sheet expected returns. We can calculate the autocorrelation of Tesco PLC returns to help us make a trade decision. For example, suppose you find that Tesco PLC 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 |
Tesco PLC 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 Tesco PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tesco PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tesco PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tesco PLC Lagged Returns
When evaluating Tesco PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tesco PLC pink sheet have on its future price. Tesco PLC 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, Tesco PLC autocorrelation shows the relationship between Tesco PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tesco PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tesco Pink Sheet
Tesco PLC financial ratios help investors to determine whether Tesco 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 Tesco with respect to the benefits of owning Tesco PLC security.