TEXAS ROADHOUSE (Germany) Market Value
| ROW Stock | EUR 177.05 0.55 0.31% |
| Symbol | TEXAS |
TEXAS ROADHOUSE '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 TEXAS ROADHOUSE'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 TEXAS ROADHOUSE.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in TEXAS ROADHOUSE on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding TEXAS ROADHOUSE or generate 0.0% return on investment in TEXAS ROADHOUSE over 30 days. TEXAS ROADHOUSE is related to or competes with Aegean Airlines, MINCO SILVER, Evolution Mining, AEGEAN AIRLINES, Perseus Mining, and Bausch Health. More
TEXAS ROADHOUSE 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 TEXAS ROADHOUSE'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 TEXAS ROADHOUSE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1367 | |||
| Maximum Drawdown | 9.13 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 3.46 |
TEXAS ROADHOUSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TEXAS ROADHOUSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TEXAS ROADHOUSE's standard deviation. In reality, there are many statistical measures that can use TEXAS ROADHOUSE historical prices to predict the future TEXAS ROADHOUSE's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.2705 | |||
| Total Risk Alpha | 0.1623 | |||
| Sortino Ratio | 0.1727 | |||
| Treynor Ratio | 0.4717 |
TEXAS ROADHOUSE Backtested Returns
TEXAS ROADHOUSE appears to be very steady, given 3 months investment horizon. TEXAS ROADHOUSE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for TEXAS ROADHOUSE, which you can use to evaluate the volatility of the company. Please review TEXAS ROADHOUSE's Risk Adjusted Performance of 0.1319, semi deviation of 1.26, and Coefficient Of Variation of 575.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TEXAS ROADHOUSE holds a performance score of 13. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TEXAS ROADHOUSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding TEXAS ROADHOUSE is expected to be smaller as well. Please check TEXAS ROADHOUSE's value at risk, expected short fall, rate of daily change, as well as the relationship between the downside variance and kurtosis , to make a quick decision on whether TEXAS ROADHOUSE's existing price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
TEXAS ROADHOUSE has very good reverse predictability. Overlapping area represents the amount of predictability between TEXAS ROADHOUSE time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 TEXAS ROADHOUSE price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current TEXAS ROADHOUSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 13.54 |
TEXAS ROADHOUSE lagged returns against current returns
Autocorrelation, which is TEXAS ROADHOUSE 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 TEXAS ROADHOUSE's stock expected returns. We can calculate the autocorrelation of TEXAS ROADHOUSE returns to help us make a trade decision. For example, suppose you find that TEXAS ROADHOUSE 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 |
TEXAS ROADHOUSE 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 TEXAS ROADHOUSE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TEXAS ROADHOUSE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TEXAS ROADHOUSE stock over time.
Current vs Lagged Prices |
| Timeline |
TEXAS ROADHOUSE Lagged Returns
When evaluating TEXAS ROADHOUSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TEXAS ROADHOUSE stock have on its future price. TEXAS ROADHOUSE 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, TEXAS ROADHOUSE autocorrelation shows the relationship between TEXAS ROADHOUSE stock current value and its past values and can show if there is a momentum factor associated with investing in TEXAS ROADHOUSE.
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.Additional Information and Resources on Investing in TEXAS Stock
When determining whether TEXAS ROADHOUSE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TEXAS ROADHOUSE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Texas Roadhouse Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Texas Roadhouse Stock:Check out TEXAS ROADHOUSE Correlation, TEXAS ROADHOUSE Volatility and TEXAS ROADHOUSE Alpha and Beta module to complement your research on TEXAS ROADHOUSE. For information on how to trade TEXAS Stock refer to our How to Trade TEXAS Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
TEXAS ROADHOUSE 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.