TRADEGATE's market value is the price at which a share of TRADEGATE trades on a public exchange. It measures the collective expectations of TRADEGATE investors about its performance. TRADEGATE is trading at 90.50 as of the 26th of November 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 90.5. With this module, you can estimate the performance of a buy and hold strategy of TRADEGATE and determine expected loss or profit from investing in TRADEGATE over a given investment horizon. Check out TRADEGATE Correlation, TRADEGATE Volatility and TRADEGATE Alpha and Beta module to complement your research on TRADEGATE.
Please note, there is a significant difference between TRADEGATE's value and its price as these two are different measures arrived at by different means. Investors typically determine if TRADEGATE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TRADEGATE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TRADEGATE '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 TRADEGATE'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 TRADEGATE.
0.00
01/31/2024
No Change 0.00
0.0
In 9 months and 28 days
11/26/2024
0.00
If you would invest 0.00 in TRADEGATE on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding TRADEGATE or generate 0.0% return on investment in TRADEGATE over 300 days. TRADEGATE is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
TRADEGATE 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 TRADEGATE'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 TRADEGATE upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRADEGATE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRADEGATE's standard deviation. In reality, there are many statistical measures that can use TRADEGATE historical prices to predict the future TRADEGATE's volatility.
TRADEGATE retains Efficiency (Sharpe Ratio) of -0.0337, which indicates the firm had a -0.0337% return per unit of risk over the last 3 months. TRADEGATE exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRADEGATE's risk adjusted performance of (0.05), and Standard Deviation of 0.6954 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRADEGATE's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRADEGATE is expected to be smaller as well. At this point, TRADEGATE has a negative expected return of -0.0233%. Please make sure to validate TRADEGATE's coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if TRADEGATE performance from the past will be repeated at future time.
Auto-correlation
-0.11
Insignificant reverse predictability
TRADEGATE has insignificant reverse predictability. Overlapping area represents the amount of predictability between TRADEGATE time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 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 TRADEGATE price movement. The serial correlation of -0.11 indicates that less than 11.0% of current TRADEGATE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.11
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
52.64
TRADEGATE lagged returns against current returns
Autocorrelation, which is TRADEGATE 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 TRADEGATE's stock expected returns. We can calculate the autocorrelation of TRADEGATE returns to help us make a trade decision. For example, suppose you find that TRADEGATE 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
TRADEGATE 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 TRADEGATE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRADEGATE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRADEGATE stock over time.
Current vs Lagged Prices
Timeline
TRADEGATE Lagged Returns
When evaluating TRADEGATE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRADEGATE stock have on its future price. TRADEGATE 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, TRADEGATE autocorrelation shows the relationship between TRADEGATE stock current value and its past values and can show if there is a momentum factor associated with investing in TRADEGATE.
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.
TRADEGATE financial ratios help investors to determine whether TRADEGATE 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 TRADEGATE with respect to the benefits of owning TRADEGATE security.