Tiger Brands (South Africa) Market Value
| TBS Stock | 24,596 330.00 1.32% |
| Symbol | Tiger |
Tiger Brands '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 Tiger Brands' 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 Tiger Brands.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tiger Brands on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tiger Brands or generate 0.0% return on investment in Tiger Brands over 30 days. Tiger Brands is related to or competes with RCL Foods, Bytes Technology, HomeChoice Investments, Frontier Transport, Deneb Investments, Hosken Consolidated, and Life Healthcare. More
Tiger Brands 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 Tiger Brands' 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 Tiger Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.0 | |||
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 6.23 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.87 |
Tiger Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiger Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiger Brands' standard deviation. In reality, there are many statistical measures that can use Tiger Brands historical prices to predict the future Tiger Brands' volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.1309 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.8661 |
Tiger Brands Backtested Returns
At this point, Tiger Brands is very steady. Tiger Brands owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0598, which indicates the firm had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tiger Brands, which you can use to evaluate the volatility of the company. Please validate Tiger Brands' Coefficient Of Variation of 702.97, risk adjusted performance of 0.112, and Semi Deviation of 0.7966 to confirm if the risk estimate we provide is consistent with the expected return of 0.064%. Tiger Brands has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tiger Brands' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tiger Brands is expected to be smaller as well. Tiger Brands right now has a risk of 1.07%. Please validate Tiger Brands standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Tiger Brands will be following its existing price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Tiger Brands has weak reverse predictability. Overlapping area represents the amount of predictability between Tiger Brands 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 Tiger Brands price movement. The serial correlation of -0.24 indicates that over 24.0% of current Tiger Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 166.2 K |
Tiger Brands lagged returns against current returns
Autocorrelation, which is Tiger Brands 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 Tiger Brands' stock expected returns. We can calculate the autocorrelation of Tiger Brands returns to help us make a trade decision. For example, suppose you find that Tiger Brands 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 |
Tiger Brands 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 Tiger Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiger Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tiger Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Tiger Brands Lagged Returns
When evaluating Tiger Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiger Brands stock have on its future price. Tiger Brands 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, Tiger Brands autocorrelation shows the relationship between Tiger Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Tiger Brands.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Tiger Stock
Tiger Brands financial ratios help investors to determine whether Tiger 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 Tiger with respect to the benefits of owning Tiger Brands security.