TravelSky Technology (Germany) Market Value
| TVL Stock | EUR 1.10 0.02 1.79% |
| Symbol | TravelSky |
TravelSky Technology '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 TravelSky Technology'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 TravelSky Technology.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in TravelSky Technology on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding TravelSky Technology Limited or generate 0.0% return on investment in TravelSky Technology over 660 days. TravelSky Technology is related to or competes with International Business, International Business, and Capgemini. TravelSky Technology Limited provides information technology solutions for aviation and travel industry in the Peoples R... More
TravelSky Technology 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 TravelSky Technology'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 TravelSky Technology Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 31.63 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 5.77 |
TravelSky Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TravelSky Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TravelSky Technology's standard deviation. In reality, there are many statistical measures that can use TravelSky Technology historical prices to predict the future TravelSky Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (1.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TravelSky Technology'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.
TravelSky Technology Backtested Returns
We consider TravelSky Technology dangerous. TravelSky Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0687, which indicates the firm had a 0.0687% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for TravelSky Technology Limited, which you can use to evaluate the volatility of the company. Please validate TravelSky Technology's Coefficient Of Variation of (1,709), variance of 21.36, and Risk Adjusted Performance of (0.03) to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. TravelSky Technology has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TravelSky Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding TravelSky Technology is expected to be smaller as well. TravelSky Technology right now has a risk of 2.73%. Please validate TravelSky Technology total risk alpha, kurtosis, and the relationship between the information ratio and potential upside , to decide if TravelSky Technology will be following its existing price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
TravelSky Technology Limited has weak reverse predictability. Overlapping area represents the amount of predictability between TravelSky Technology time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th of April 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 TravelSky Technology price movement. The serial correlation of -0.24 indicates that over 24.0% of current TravelSky Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
TravelSky Technology lagged returns against current returns
Autocorrelation, which is TravelSky Technology 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 TravelSky Technology's stock expected returns. We can calculate the autocorrelation of TravelSky Technology returns to help us make a trade decision. For example, suppose you find that TravelSky Technology 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 |
TravelSky Technology 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 TravelSky Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TravelSky Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TravelSky Technology stock over time.
Current vs Lagged Prices |
| Timeline |
TravelSky Technology Lagged Returns
When evaluating TravelSky Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TravelSky Technology stock have on its future price. TravelSky Technology 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, TravelSky Technology autocorrelation shows the relationship between TravelSky Technology stock current value and its past values and can show if there is a momentum factor associated with investing in TravelSky Technology Limited.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TravelSky Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TravelSky Technology's short interest history, or implied volatility extrapolated from TravelSky Technology options trading.
Currently Active Assets on Macroaxis
Check out TravelSky Technology Correlation, TravelSky Technology Volatility and TravelSky Technology Alpha and Beta module to complement your research on TravelSky Technology. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for TravelSky Stock analysis
When running TravelSky Technology's price analysis, check to measure TravelSky Technology'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 TravelSky Technology is operating at the current time. Most of TravelSky Technology's value examination focuses on studying past and present price action to predict the probability of TravelSky Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TravelSky Technology's price. Additionally, you may evaluate how the addition of TravelSky Technology to your portfolios can decrease your overall portfolio volatility.
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TravelSky Technology 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.