Gaztransport (UK) Market Value
| 0QT5 Stock | 141.10 0.95 0.67% |
| Symbol | Gaztransport |
Gaztransport '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 Gaztransport'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 Gaztransport.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Gaztransport on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Gaztransport et Technigaz or generate 0.0% return on investment in Gaztransport over 690 days. Gaztransport is related to or competes with BW Offshore, Tyson Foods, Capital Metals, Zoom Video, Melia Hotels, Verizon Communications, and MoneysupermarketCom. Gaztransport is entity of United Kingdom More
Gaztransport 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 Gaztransport'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 Gaztransport et Technigaz upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.95 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.82 |
Gaztransport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gaztransport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gaztransport's standard deviation. In reality, there are many statistical measures that can use Gaztransport historical prices to predict the future Gaztransport's volatility.| Risk Adjusted Performance | 0.0385 | |||
| Jensen Alpha | 0.0267 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.236 |
Gaztransport et Technigaz Backtested Returns
Currently, Gaztransport et Technigaz is very steady. Gaztransport et Technigaz holds Efficiency (Sharpe) Ratio of 0.0802, which attests that the entity had a 0.0802% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gaztransport et Technigaz, which you can use to evaluate the volatility of the firm. Please check out Gaztransport's Downside Deviation of 1.21, risk adjusted performance of 0.0385, and Market Risk Adjusted Performance of 0.246 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Gaztransport has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gaztransport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gaztransport is expected to be smaller as well. Gaztransport et Technigaz right now retains a risk of 1.42%. Please check out Gaztransport total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Gaztransport will be following its current trending patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Gaztransport et Technigaz has insignificant predictability. Overlapping area represents the amount of predictability between Gaztransport time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Gaztransport et Technigaz price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Gaztransport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 35.44 |
Gaztransport et Technigaz lagged returns against current returns
Autocorrelation, which is Gaztransport 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 Gaztransport's stock expected returns. We can calculate the autocorrelation of Gaztransport returns to help us make a trade decision. For example, suppose you find that Gaztransport 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 |
Gaztransport 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 Gaztransport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gaztransport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gaztransport stock over time.
Current vs Lagged Prices |
| Timeline |
Gaztransport Lagged Returns
When evaluating Gaztransport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gaztransport stock have on its future price. Gaztransport 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, Gaztransport autocorrelation shows the relationship between Gaztransport stock current value and its past values and can show if there is a momentum factor associated with investing in Gaztransport et Technigaz.
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 Tools for Gaztransport Stock Analysis
When running Gaztransport's price analysis, check to measure Gaztransport'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 Gaztransport is operating at the current time. Most of Gaztransport's value examination focuses on studying past and present price action to predict the probability of Gaztransport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaztransport's price. Additionally, you may evaluate how the addition of Gaztransport to your portfolios can decrease your overall portfolio volatility.