Textainer Group Holdings Stock Market Value
| TGHLF Stock | USD 0.73 0.01 1.39% |
| Symbol | Textainer |
Textainer Group '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 Textainer Group's otc 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 Textainer Group.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Textainer Group on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Textainer Group Holdings or generate 0.0% return on investment in Textainer Group over 30 days. Textainer Group is related to or competes with Buhler Industries, Austin Engineering, Ag Growth, AmeraMex International, and First Tractor. Tornado Global Hydrovacs Ltd., through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in... More
Textainer Group 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 Textainer Group's otc 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 Textainer Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.61 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 5.75 |
Textainer Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Textainer Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Textainer Group's standard deviation. In reality, there are many statistical measures that can use Textainer Group historical prices to predict the future Textainer Group's volatility.| Risk Adjusted Performance | 0.0144 | |||
| Jensen Alpha | 0.1012 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.03) |
Textainer Group Holdings Backtested Returns
At this point, Textainer Group is extremely dangerous. Textainer Group Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0089, which indicates the firm had a 0.0089% return per unit of risk over the last 3 months. We have found thirty technical indicators for Textainer Group Holdings, which you can use to evaluate the volatility of the company. Please validate Textainer Group's Risk Adjusted Performance of 0.0144, coefficient of variation of 11217.25, and Semi Deviation of 2.35 to confirm if the risk estimate we provide is consistent with the expected return of 0.0287%. The entity has a beta of -0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Textainer Group are expected to decrease at a much lower rate. During the bear market, Textainer Group is likely to outperform the market. Textainer Group Holdings right now has a risk of 3.21%. Please validate Textainer Group semi variance and the relationship between the accumulation distribution and relative strength index , to decide if Textainer Group will be following its existing price patterns.
Auto-correlation | 0.88 |
Very good predictability
Textainer Group Holdings has very good predictability. Overlapping area represents the amount of predictability between Textainer Group 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 Textainer Group Holdings price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Textainer Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Textainer Group Holdings lagged returns against current returns
Autocorrelation, which is Textainer Group otc 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 Textainer Group's otc stock expected returns. We can calculate the autocorrelation of Textainer Group returns to help us make a trade decision. For example, suppose you find that Textainer Group has exhibited high autocorrelation historically, and you observe that the otc 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 |
Textainer Group 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 Textainer Group otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Textainer Group otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Textainer Group otc stock over time.
Current vs Lagged Prices |
| Timeline |
Textainer Group Lagged Returns
When evaluating Textainer Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Textainer Group otc stock have on its future price. Textainer Group 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, Textainer Group autocorrelation shows the relationship between Textainer Group otc stock current value and its past values and can show if there is a momentum factor associated with investing in Textainer Group Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Textainer OTC Stock
Textainer Group financial ratios help investors to determine whether Textainer OTC 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 Textainer with respect to the benefits of owning Textainer Group security.