TAIGA BUILDING (Germany) Market Value
| 4T7 Stock | EUR 2.48 0.04 1.59% |
| Symbol | TAIGA |
TAIGA BUILDING '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 TAIGA BUILDING'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 TAIGA BUILDING.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in TAIGA BUILDING on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding TAIGA BUILDING PRODS or generate 0.0% return on investment in TAIGA BUILDING over 30 days. TAIGA BUILDING is related to or competes with Home Depot, Home Depot, Floor Decor, LESLIES INC, HORNBACH Baumarkt, WICKES GROUP, and TAIGA BUILDING. Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States More
TAIGA BUILDING 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 TAIGA BUILDING'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 TAIGA BUILDING PRODS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 3.28 |
TAIGA BUILDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAIGA BUILDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAIGA BUILDING's standard deviation. In reality, there are many statistical measures that can use TAIGA BUILDING historical prices to predict the future TAIGA BUILDING's volatility.| Risk Adjusted Performance | 0.0229 | |||
| Jensen Alpha | 0.0115 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1588 |
TAIGA BUILDING PRODS Backtested Returns
At this point, TAIGA BUILDING is unstable. TAIGA BUILDING PRODS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0224, which indicates the company had a 0.0224% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for TAIGA BUILDING PRODS, which you can use to evaluate the volatility of the entity. Please validate TAIGA BUILDING's Market Risk Adjusted Performance of 0.1688, downside deviation of 2.73, and Risk Adjusted Performance of 0.0229 to confirm if the risk estimate we provide is consistent with the expected return of 0.0511%. TAIGA BUILDING has a performance score of 1 on a scale of 0 to 100. The firm has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TAIGA BUILDING's returns are expected to increase less than the market. However, during the bear market, the loss of holding TAIGA BUILDING is expected to be smaller as well. TAIGA BUILDING PRODS now has a risk of 2.28%. Please validate TAIGA BUILDING downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if TAIGA BUILDING will be following its existing price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
TAIGA BUILDING PRODS has very weak reverse predictability. Overlapping area represents the amount of predictability between TAIGA BUILDING time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 TAIGA BUILDING PRODS price movement. The serial correlation of -0.08 indicates that barely 8.0% of current TAIGA BUILDING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAIGA BUILDING PRODS lagged returns against current returns
Autocorrelation, which is TAIGA BUILDING 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 TAIGA BUILDING's stock expected returns. We can calculate the autocorrelation of TAIGA BUILDING returns to help us make a trade decision. For example, suppose you find that TAIGA BUILDING 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 |
TAIGA BUILDING 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 TAIGA BUILDING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAIGA BUILDING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAIGA BUILDING stock over time.
Current vs Lagged Prices |
| Timeline |
TAIGA BUILDING Lagged Returns
When evaluating TAIGA BUILDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAIGA BUILDING stock have on its future price. TAIGA BUILDING 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, TAIGA BUILDING autocorrelation shows the relationship between TAIGA BUILDING stock current value and its past values and can show if there is a momentum factor associated with investing in TAIGA BUILDING PRODS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TAIGA Stock
TAIGA BUILDING financial ratios help investors to determine whether TAIGA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TAIGA with respect to the benefits of owning TAIGA BUILDING security.