TRADEGATE (Germany) Market Value
| T2G Stock | EUR 90.50 0.00 0.00% |
| Symbol | TRADEGATE |
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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TRADEGATE on June 8, 2023 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 540 days. TRADEGATE is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. 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.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.48 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5587 |
TRADEGATE Market Risk Indicators
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.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.1969 |
TRADEGATE Backtested Returns
At this point, TRADEGATE is very steady. TRADEGATE retains Efficiency (Sharpe Ratio) of 0.0726, which indicates the firm had a 0.0726% return per unit of risk over the last 3 months. We have found eighteen technical indicators for TRADEGATE, which you can use to evaluate the volatility of the company. Please validate TRADEGATE's risk adjusted performance of (0.03), and Standard Deviation of 0.6806 to confirm if the risk estimate we provide is consistent with the expected return of 0.0361%. TRADEGATE has a performance score of 5 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRADEGATE are expected to decrease at a much lower rate. During the bear market, TRADEGATE is likely to outperform the market. TRADEGATE currently owns a risk of 0.5%. Please validate TRADEGATE coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if TRADEGATE will be following its current price history.
Auto-correlation | 0.41 |
Average predictability
TRADEGATE has average predictability. Overlapping area represents the amount of predictability between TRADEGATE time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 0.41 indicates that just about 41.0% of current TRADEGATE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 81.96 |
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 |
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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.Other Information on Investing in TRADEGATE Stock
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.