Tangiamo Touch (Sweden) Market Value
| TANGI Stock | SEK 0 0.0002 12.50% |
| Symbol | Tangiamo |
Tangiamo Touch '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 Tangiamo Touch'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 Tangiamo Touch.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tangiamo Touch on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tangiamo Touch Technology or generate 0.0% return on investment in Tangiamo Touch over 30 days. Tangiamo Touch is related to or competes with Serstech. Tangiamo Touch Technology AB designs, develops, manufactures, and sells multi-player gaming systems for casinos and elec... More
Tangiamo Touch 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 Tangiamo Touch'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 Tangiamo Touch Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 107.69 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 26.83 |
Tangiamo Touch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangiamo Touch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangiamo Touch's standard deviation. In reality, there are many statistical measures that can use Tangiamo Touch historical prices to predict the future Tangiamo Touch's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (1.16) | |||
| Total Risk Alpha | (3.38) | |||
| Treynor Ratio | (0.80) |
Tangiamo Touch Technology Backtested Returns
Tangiamo Touch Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0452, which indicates the firm had a -0.0452% return per unit of risk over the last 3 months. Tangiamo Touch Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tangiamo Touch's Risk Adjusted Performance of (0.04), variance of 233.55, and Coefficient Of Variation of (1,530) to confirm the risk estimate we provide. The entity has a beta of 1.25, 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, Tangiamo Touch will likely underperform. At this point, Tangiamo Touch Technology has a negative expected return of -0.69%. Please make sure to validate Tangiamo Touch's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Tangiamo Touch Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Tangiamo Touch Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Tangiamo Touch time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Tangiamo Touch Technology price movement. The serial correlation of -0.24 indicates that over 24.0% of current Tangiamo Touch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tangiamo Touch Technology lagged returns against current returns
Autocorrelation, which is Tangiamo Touch 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 Tangiamo Touch's stock expected returns. We can calculate the autocorrelation of Tangiamo Touch returns to help us make a trade decision. For example, suppose you find that Tangiamo Touch 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 |
Tangiamo Touch 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 Tangiamo Touch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangiamo Touch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangiamo Touch stock over time.
Current vs Lagged Prices |
| Timeline |
Tangiamo Touch Lagged Returns
When evaluating Tangiamo Touch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangiamo Touch stock have on its future price. Tangiamo Touch 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, Tangiamo Touch autocorrelation shows the relationship between Tangiamo Touch stock current value and its past values and can show if there is a momentum factor associated with investing in Tangiamo Touch Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Tangiamo Stock Analysis
When running Tangiamo Touch's price analysis, check to measure Tangiamo Touch'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 Tangiamo Touch is operating at the current time. Most of Tangiamo Touch's value examination focuses on studying past and present price action to predict the probability of Tangiamo Touch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tangiamo Touch's price. Additionally, you may evaluate how the addition of Tangiamo Touch to your portfolios can decrease your overall portfolio volatility.