Trigano SA (France) Market Value
| TRI Stock | EUR 144.90 1.90 1.33% |
| Symbol | Trigano |
Trigano SA '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 Trigano SA'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 Trigano SA.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Trigano SA on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Trigano SA or generate 0.0% return on investment in Trigano SA over 30 days. Trigano SA is related to or competes with Fountaine Pajo, Abeo SAS, and Piscines Desjoyaux. Trigano S.A. manufactures and sells leisure vehicles in Europe More
Trigano SA 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 Trigano SA'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 Trigano SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.33 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.48 |
Trigano SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trigano SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trigano SA's standard deviation. In reality, there are many statistical measures that can use Trigano SA historical prices to predict the future Trigano SA's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 0.0222 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.7863 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trigano SA'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.
Trigano SA Backtested Returns
We consider Trigano SA very steady. Trigano SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0121, which indicates the firm had a 0.0121% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trigano SA, which you can use to evaluate the volatility of the company. Please validate Trigano SA's Coefficient Of Variation of 4866.45, risk adjusted performance of 0.0191, and Semi Deviation of 1.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0208%. The entity has a beta of 0.0314, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trigano SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trigano SA is expected to be smaller as well. Trigano SA right now has a risk of 1.73%. Please validate Trigano SA total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Trigano SA will be following its existing price patterns.
Auto-correlation | 0.25 |
Poor predictability
Trigano SA has poor predictability. Overlapping area represents the amount of predictability between Trigano SA time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Trigano SA price movement. The serial correlation of 0.25 indicates that over 25.0% of current Trigano SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 21.43 |
Trigano SA lagged returns against current returns
Autocorrelation, which is Trigano SA 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 Trigano SA's stock expected returns. We can calculate the autocorrelation of Trigano SA returns to help us make a trade decision. For example, suppose you find that Trigano SA 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 |
Trigano SA 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 Trigano SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trigano SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trigano SA stock over time.
Current vs Lagged Prices |
| Timeline |
Trigano SA Lagged Returns
When evaluating Trigano SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trigano SA stock have on its future price. Trigano SA 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, Trigano SA autocorrelation shows the relationship between Trigano SA stock current value and its past values and can show if there is a momentum factor associated with investing in Trigano SA.
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 Trigano SA 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, Trigano SA's short interest history, or implied volatility extrapolated from Trigano SA options trading.
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Check out Trigano SA Correlation, Trigano SA Volatility and Trigano SA Alpha and Beta module to complement your research on Trigano SA. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Trigano Stock analysis
When running Trigano SA's price analysis, check to measure Trigano SA'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 Trigano SA is operating at the current time. Most of Trigano SA's value examination focuses on studying past and present price action to predict the probability of Trigano SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigano SA's price. Additionally, you may evaluate how the addition of Trigano SA to your portfolios can decrease your overall portfolio volatility.
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Trigano SA 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.