Targa Resources (Germany) Market Value
| TAR Stock | EUR 193.10 1.70 0.89% |
| Symbol | Targa |
Targa Resources '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 Targa Resources' 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 Targa Resources.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Targa Resources on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Targa Resources Corp or generate 0.0% return on investment in Targa Resources over 720 days. Targa Resources is related to or competes with Ribbon Communications, Consolidated Communications, Entravision Communications, Singapore Telecommunicatio, JLT MOBILE, LION ONE, and INTERSHOP Communications. Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops... More
Targa Resources 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 Targa Resources' 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 Targa Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.2677 | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.11 |
Targa Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Targa Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Targa Resources' standard deviation. In reality, there are many statistical measures that can use Targa Resources historical prices to predict the future Targa Resources' volatility.| Risk Adjusted Performance | 0.2636 | |||
| Jensen Alpha | 0.5428 | |||
| Total Risk Alpha | 0.3276 | |||
| Sortino Ratio | 0.247 | |||
| Treynor Ratio | 0.9283 |
Targa Resources Corp Backtested Returns
Targa Resources appears to be very steady, given 3 months investment horizon. Targa Resources Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.33, which indicates the firm had a 0.33% return per unit of risk over the last 3 months. By inspecting Targa Resources' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Targa Resources' Risk Adjusted Performance of 0.2636, semi deviation of 1.29, and Coefficient Of Variation of 296.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Targa Resources holds a performance score of 25. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Targa Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Targa Resources is expected to be smaller as well. Please check Targa Resources' treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Targa Resources' existing price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Targa Resources Corp has good predictability. Overlapping area represents the amount of predictability between Targa Resources time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Targa Resources Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current Targa Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 868.36 |
Targa Resources Corp lagged returns against current returns
Autocorrelation, which is Targa Resources 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 Targa Resources' stock expected returns. We can calculate the autocorrelation of Targa Resources returns to help us make a trade decision. For example, suppose you find that Targa Resources 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 |
Targa Resources 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 Targa Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Targa Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Targa Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Targa Resources Lagged Returns
When evaluating Targa Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Targa Resources stock have on its future price. Targa Resources 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, Targa Resources autocorrelation shows the relationship between Targa Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Targa Resources Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Targa Stock
Targa Resources financial ratios help investors to determine whether Targa 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 Targa with respect to the benefits of owning Targa Resources security.