Teva Pharmaceutical Industries Stock Market Value
| TEVJF Stock | USD 11.98 1.26 9.52% |
| Symbol | Teva |
Teva Pharmaceutical '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 Teva Pharmaceutical'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 Teva Pharmaceutical.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Teva Pharmaceutical on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Teva Pharmaceutical Industries or generate 0.0% return on investment in Teva Pharmaceutical over 330 days. Teva Pharmaceutical is related to or competes with ANI Pharmaceuticals, Alkermes Plc, Dr Reddys, Collegium Pharmaceutical, Pacira Pharmaceuticals, Viatris, and Catalent. Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, manufactures, markets, and distributes gener... More
Teva Pharmaceutical 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 Teva Pharmaceutical'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 Teva Pharmaceutical Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.119 | |||
| Maximum Drawdown | 38.87 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 6.71 |
Teva Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teva Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teva Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Teva Pharmaceutical historical prices to predict the future Teva Pharmaceutical's volatility.| Risk Adjusted Performance | 0.0984 | |||
| Jensen Alpha | 0.6159 | |||
| Total Risk Alpha | 0.307 | |||
| Treynor Ratio | 2.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teva Pharmaceutical'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.
Teva Pharmaceutical Backtested Returns
Teva Pharmaceutical appears to be somewhat reliable, given 11 months investment horizon. Teva Pharmaceutical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0631, which indicates the firm had a 0.0631% return per unit of risk over the last 11 months. We have found twenty-two technical indicators for Teva Pharmaceutical Industries, which you can use to evaluate the volatility of the company. Please review Teva Pharmaceutical's Coefficient Of Variation of 767.6, variance of 23.99, and Risk Adjusted Performance of 0.0984 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Teva Pharmaceutical holds a performance score of 4. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Teva Pharmaceutical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teva Pharmaceutical is expected to be smaller as well. Please check Teva Pharmaceutical's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to make a quick decision on whether Teva Pharmaceutical's existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Teva Pharmaceutical Industries has good predictability. Overlapping area represents the amount of predictability between Teva Pharmaceutical time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Teva Pharmaceutical price movement. The serial correlation of 0.75 indicates that around 75.0% of current Teva Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
Teva Pharmaceutical lagged returns against current returns
Autocorrelation, which is Teva Pharmaceutical 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 Teva Pharmaceutical's pink sheet expected returns. We can calculate the autocorrelation of Teva Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Teva Pharmaceutical 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 |
Teva Pharmaceutical 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 Teva Pharmaceutical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teva Pharmaceutical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teva Pharmaceutical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Teva Pharmaceutical Lagged Returns
When evaluating Teva Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teva Pharmaceutical pink sheet have on its future price. Teva Pharmaceutical 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, Teva Pharmaceutical autocorrelation shows the relationship between Teva Pharmaceutical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Teva Pharmaceutical Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Teva Pharmaceutical Correlation, Teva Pharmaceutical Volatility and Teva Pharmaceutical Alpha and Beta module to complement your research on Teva Pharmaceutical. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Teva Pink Sheet analysis
When running Teva Pharmaceutical's price analysis, check to measure Teva Pharmaceutical'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 Teva Pharmaceutical is operating at the current time. Most of Teva Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of Teva Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teva Pharmaceutical's price. Additionally, you may evaluate how the addition of Teva Pharmaceutical to your portfolios can decrease your overall portfolio volatility.
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Teva Pharmaceutical technical pink sheet 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, pink sheet market cycles, or different charting patterns.