TGCC SA's market value is the price at which a share of TGCC SA trades on a public exchange. It measures the collective expectations of TGCC SA investors about its performance. TGCC SA is trading at 475.00 as of the 13th of December 2024, a 1.06% up since the beginning of the trading day. The stock's open price was 470.0. With this module, you can estimate the performance of a buy and hold strategy of TGCC SA and determine expected loss or profit from investing in TGCC SA over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
TGCC
TGCC SA '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 TGCC SA'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 TGCC SA.
0.00
12/24/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/13/2024
0.00
If you would invest 0.00 in TGCC SA on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TGCC SA or generate 0.0% return on investment in TGCC SA over 720 days.
TGCC SA 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 TGCC SA'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 TGCC SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGCC SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGCC SA's standard deviation. In reality, there are many statistical measures that can use TGCC SA historical prices to predict the future TGCC SA's volatility.
TGCC SA appears to be very steady, given 3 months investment horizon. TGCC SA retains Efficiency (Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of volatility over the last 3 months. We have found thirty technical indicators for TGCC SA, which you can use to evaluate the volatility of the company. Please review TGCC SA's downside deviation of 1.88, and Risk Adjusted Performance of 0.1676 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TGCC SA holds a performance score of 15. The entity owns a Beta (Systematic Risk) of -0.0173, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TGCC SA are expected to decrease at a much lower rate. During the bear market, TGCC SA is likely to outperform the market. Please check TGCC SA's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether TGCC SA's current price history will revert.
Auto-correlation
0.94
Excellent predictability
TGCC SA has excellent predictability. Overlapping area represents the amount of predictability between TGCC SA time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 TGCC SA price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current TGCC SA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.94
Spearman Rank Test
0.92
Residual Average
0.0
Price Variance
6973.67
TGCC SA lagged returns against current returns
Autocorrelation, which is TGCC SA 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 TGCC SA's stock expected returns. We can calculate the autocorrelation of TGCC SA returns to help us make a trade decision. For example, suppose you find that TGCC SA 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
TGCC SA 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 TGCC SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGCC SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGCC SA stock over time.
Current vs Lagged Prices
Timeline
TGCC SA Lagged Returns
When evaluating TGCC SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGCC SA stock have on its future price. TGCC SA 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, TGCC SA autocorrelation shows the relationship between TGCC SA stock current value and its past values and can show if there is a momentum factor associated with investing in TGCC SA.
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.