Tego Cyber Stock Market Value
| TGCB Stock | USD 0.11 0.03 37.50% |
| Symbol | Tego |
Tego Cyber '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 Tego Cyber's pink sheet 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 Tego Cyber.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tego Cyber on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tego Cyber or generate 0.0% return on investment in Tego Cyber over 30 days. Tego Cyber is related to or competes with Taoping, Global Blue, Bridgeline Digital, Skkynet Cloud, and Zenvia. Tego Cyber Inc. provides cyberthreat intelligence and associated services for larger business enterprises More
Tego Cyber 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 Tego Cyber's pink sheet 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 Tego Cyber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.29 | |||
| Information Ratio | 0.0893 | |||
| Maximum Drawdown | 132.92 | |||
| Value At Risk | (33.22) | |||
| Potential Upside | 43.64 |
Tego Cyber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tego Cyber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tego Cyber's standard deviation. In reality, there are many statistical measures that can use Tego Cyber historical prices to predict the future Tego Cyber's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 1.93 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.0833 | |||
| Treynor Ratio | 5.51 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tego Cyber'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.
Tego Cyber Backtested Returns
Tego Cyber is out of control given 3 months investment horizon. Tego Cyber owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0962, which indicates the firm had a 0.0962% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.05% are justified by taking the suggested risk. Use Tego Cyber Coefficient Of Variation of 1048.46, risk adjusted performance of 0.0827, and Semi Deviation of 11.37 to evaluate company specific risk that cannot be diversified away. Tego Cyber holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tego Cyber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tego Cyber is expected to be smaller as well. Use Tego Cyber potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to analyze future returns on Tego Cyber.
Auto-correlation | 0.01 |
Virtually no predictability
Tego Cyber has virtually no predictability. Overlapping area represents the amount of predictability between Tego Cyber time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tego Cyber price movement. The serial correlation of 0.01 indicates that just 1.0% of current Tego Cyber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tego Cyber lagged returns against current returns
Autocorrelation, which is Tego Cyber pink sheet'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 Tego Cyber's pink sheet expected returns. We can calculate the autocorrelation of Tego Cyber returns to help us make a trade decision. For example, suppose you find that Tego Cyber has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tego Cyber 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 Tego Cyber pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tego Cyber pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tego Cyber pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tego Cyber Lagged Returns
When evaluating Tego Cyber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tego Cyber pink sheet have on its future price. Tego Cyber 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, Tego Cyber autocorrelation shows the relationship between Tego Cyber pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tego Cyber.
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 Tego Pink Sheet
Tego Cyber financial ratios help investors to determine whether Tego Pink Sheet 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 Tego with respect to the benefits of owning Tego Cyber security.