TGS NOPEC (Germany) Market Value
| TGC Stock | 9.39 0.18 1.88% |
| Symbol | TGS |
TGS NOPEC '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 TGS NOPEC'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 TGS NOPEC.
| 03/10/2023 |
| 02/27/2025 |
If you would invest 0.00 in TGS NOPEC on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding TGS NOPEC GEOPHYSIC or generate 0.0% return on investment in TGS NOPEC over 720 days.
TGS NOPEC 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 TGS NOPEC'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 TGS NOPEC GEOPHYSIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0253 | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.95 |
TGS NOPEC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGS NOPEC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGS NOPEC's standard deviation. In reality, there are many statistical measures that can use TGS NOPEC historical prices to predict the future TGS NOPEC's volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | 0.0379 | |||
| Total Risk Alpha | 0.0526 | |||
| Sortino Ratio | 0.0261 | |||
| Treynor Ratio | 0.4967 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TGS NOPEC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TGS NOPEC GEOPHYSIC Backtested Returns
Currently, TGS NOPEC GEOPHYSIC is not too volatile. TGS NOPEC GEOPHYSIC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0263, which indicates the firm had a 0.0263 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for TGS NOPEC GEOPHYSIC, which you can use to evaluate the volatility of the company. Please validate TGS NOPEC's coefficient of variation of 3656.32, and Risk Adjusted Performance of 0.0259 to confirm if the risk estimate we provide is consistent with the expected return of 0.0446%. TGS NOPEC has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.0753, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TGS NOPEC's returns are expected to increase less than the market. However, during the bear market, the loss of holding TGS NOPEC is expected to be smaller as well. TGS NOPEC GEOPHYSIC currently has a risk of 1.7%. Please validate TGS NOPEC kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to decide if TGS NOPEC will be following its existing price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
TGS NOPEC GEOPHYSIC has very weak reverse predictability. Overlapping area represents the amount of predictability between TGS NOPEC time series from 10th of March 2023 to 4th of March 2024 and 4th of March 2024 to 27th of February 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 TGS NOPEC GEOPHYSIC price movement. The serial correlation of -0.01 indicates that just 1.0% of current TGS NOPEC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
TGS NOPEC GEOPHYSIC lagged returns against current returns
Autocorrelation, which is TGS NOPEC 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 TGS NOPEC's stock expected returns. We can calculate the autocorrelation of TGS NOPEC returns to help us make a trade decision. For example, suppose you find that TGS NOPEC 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 |
TGS NOPEC 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 TGS NOPEC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGS NOPEC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGS NOPEC stock over time.
Current vs Lagged Prices |
| Timeline |
TGS NOPEC Lagged Returns
When evaluating TGS NOPEC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGS NOPEC stock have on its future price. TGS NOPEC 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, TGS NOPEC autocorrelation shows the relationship between TGS NOPEC stock current value and its past values and can show if there is a momentum factor associated with investing in TGS NOPEC GEOPHYSIC.
Regressed Prices |
| Timeline |
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Additional Tools for TGS Stock Analysis
When running TGS NOPEC's price analysis, check to measure TGS NOPEC'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 TGS NOPEC is operating at the current time. Most of TGS NOPEC's value examination focuses on studying past and present price action to predict the probability of TGS NOPEC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TGS NOPEC's price. Additionally, you may evaluate how the addition of TGS NOPEC to your portfolios can decrease your overall portfolio volatility.