TANGANDA TEA (Zimbabwe) Market Value
| TANG Stock | 179.30 0.20 0.11% |
| Symbol | TANGANDA |
TANGANDA TEA '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 TANGANDA TEA'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 TANGANDA TEA.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in TANGANDA TEA on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding TANGANDA TEA PANY or generate 0.0% return on investment in TANGANDA TEA over 150 days.
TANGANDA TEA 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 TANGANDA TEA'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 TANGANDA TEA PANY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.58 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 29.99 | |||
| Value At Risk | (14.81) | |||
| Potential Upside | 14.93 |
TANGANDA TEA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TANGANDA TEA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TANGANDA TEA's standard deviation. In reality, there are many statistical measures that can use TANGANDA TEA historical prices to predict the future TANGANDA TEA's volatility.| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | 0.0323 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.1097 |
TANGANDA TEA PANY Backtested Returns
TANGANDA TEA PANY owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the company had a -0.26 % return per unit of standard deviation over the last 3 months. TANGANDA TEA PANY exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TANGANDA TEA's Risk Adjusted Performance of 0.0317, market risk adjusted performance of 0.1197, and Downside Deviation of 8.58 to confirm the risk estimate we provide. The firm has a beta of 1.63, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TANGANDA TEA will likely underperform. At this point, TANGANDA TEA PANY has a negative expected return of -1.4%. Please make sure to validate TANGANDA TEA's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if TANGANDA TEA PANY performance from the past will be repeated at future time.
Auto-correlation | 0.24 |
Weak predictability
TANGANDA TEA PANY has weak predictability. Overlapping area represents the amount of predictability between TANGANDA TEA time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TANGANDA TEA PANY price movement. The serial correlation of 0.24 indicates that over 24.0% of current TANGANDA TEA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 5367.79 |
TANGANDA TEA PANY lagged returns against current returns
Autocorrelation, which is TANGANDA TEA 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 TANGANDA TEA's stock expected returns. We can calculate the autocorrelation of TANGANDA TEA returns to help us make a trade decision. For example, suppose you find that TANGANDA TEA 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 |
TANGANDA TEA 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 TANGANDA TEA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TANGANDA TEA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TANGANDA TEA stock over time.
Current vs Lagged Prices |
| Timeline |
TANGANDA TEA Lagged Returns
When evaluating TANGANDA TEA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TANGANDA TEA stock have on its future price. TANGANDA TEA 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, TANGANDA TEA autocorrelation shows the relationship between TANGANDA TEA stock current value and its past values and can show if there is a momentum factor associated with investing in TANGANDA TEA PANY.
Regressed Prices |
| Timeline |
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When running TANGANDA TEA's price analysis, check to measure TANGANDA TEA'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 TANGANDA TEA is operating at the current time. Most of TANGANDA TEA's value examination focuses on studying past and present price action to predict the probability of TANGANDA TEA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TANGANDA TEA's price. Additionally, you may evaluate how the addition of TANGANDA TEA to your portfolios can decrease your overall portfolio volatility.