Tanger Factory (Germany) Market Value
| T6O Stock | EUR 34.37 0.29 0.85% |
| Symbol | Tanger |
Tanger Factory '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 Tanger Factory'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 Tanger Factory.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Tanger Factory on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Tanger Factory Outlet or generate 0.0% return on investment in Tanger Factory over 720 days. Tanger Factory is related to or competes with HomeToGo, Corporate Office, PSI Software, American Homes, Take Two, Magic Software, and CPU SOFTWAREHOUSE. is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfoli... More
Tanger Factory 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 Tanger Factory'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 Tanger Factory Outlet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.2102 | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 2.0 |
Tanger Factory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanger Factory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanger Factory's standard deviation. In reality, there are many statistical measures that can use Tanger Factory historical prices to predict the future Tanger Factory's volatility.| Risk Adjusted Performance | 0.2431 | |||
| Jensen Alpha | 0.328 | |||
| Total Risk Alpha | 0.1875 | |||
| Sortino Ratio | 0.2587 | |||
| Treynor Ratio | 0.7805 |
Tanger Factory Outlet Backtested Returns
Tanger Factory appears to be very steady, given 3 months investment horizon. Tanger Factory Outlet owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.32, which indicates the firm had a 0.32% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tanger Factory Outlet, which you can use to evaluate the volatility of the company. Please review Tanger Factory's Coefficient Of Variation of 319.72, semi deviation of 0.5244, and Risk Adjusted Performance of 0.2431 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tanger Factory holds a performance score of 25. The entity has a beta of 0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tanger Factory's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tanger Factory is expected to be smaller as well. Please check Tanger Factory's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Tanger Factory's existing price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Tanger Factory Outlet has good predictability. Overlapping area represents the amount of predictability between Tanger Factory time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Tanger Factory Outlet price movement. The serial correlation of 0.7 indicates that around 70.0% of current Tanger Factory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 7.84 |
Tanger Factory Outlet lagged returns against current returns
Autocorrelation, which is Tanger Factory 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 Tanger Factory's stock expected returns. We can calculate the autocorrelation of Tanger Factory returns to help us make a trade decision. For example, suppose you find that Tanger Factory 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 |
Tanger Factory 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 Tanger Factory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanger Factory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanger Factory stock over time.
Current vs Lagged Prices |
| Timeline |
Tanger Factory Lagged Returns
When evaluating Tanger Factory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanger Factory stock have on its future price. Tanger Factory 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, Tanger Factory autocorrelation shows the relationship between Tanger Factory stock current value and its past values and can show if there is a momentum factor associated with investing in Tanger Factory Outlet.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Tanger Stock
When determining whether Tanger Factory Outlet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Tanger Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tanger Factory Outlet Stock. Highlighted below are key reports to facilitate an investment decision about Tanger Factory Outlet Stock:Check out Tanger Factory Correlation, Tanger Factory Volatility and Tanger Factory Alpha and Beta module to complement your research on Tanger Factory. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Tanger Factory 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.