TGS Dis (Turkey) Market Value
| TGSAS Stock | TRY 57.55 0.15 0.26% |
| Symbol | TGS |
TGS Dis '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 Dis' 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 Dis.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TGS Dis on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TGS Dis Ticaret or generate 0.0% return on investment in TGS Dis over 30 days. TGS Dis is related to or competes with Politeknik Metal, Gentas Genel, Bms Birlesik, and ICBC Turkey. TGS Dis Ticaret Anonim Sirketi provides brokering services for export activities of manufacturing and trade companies op... More
TGS Dis 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 Dis' 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 Dis Ticaret upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.67 |
TGS Dis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGS Dis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGS Dis' standard deviation. In reality, there are many statistical measures that can use TGS Dis historical prices to predict the future TGS Dis' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TGS Dis' 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 Dis Ticaret Backtested Returns
TGS Dis is very steady at the moment. TGS Dis Ticaret owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0186, which indicates the firm had a 0.0186% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for TGS Dis Ticaret, which you can use to evaluate the volatility of the company. Please validate TGS Dis' variance of 9.2, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0566%. TGS Dis has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TGS Dis' returns are expected to increase less than the market. However, during the bear market, the loss of holding TGS Dis is expected to be smaller as well. TGS Dis Ticaret currently has a risk of 3.04%. Please validate TGS Dis value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if TGS Dis will be following its existing price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
TGS Dis Ticaret has virtually no predictability. Overlapping area represents the amount of predictability between TGS Dis 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 TGS Dis Ticaret price movement. The serial correlation of 0.08 indicates that barely 8.0% of current TGS Dis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
TGS Dis Ticaret lagged returns against current returns
Autocorrelation, which is TGS Dis 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 Dis' stock expected returns. We can calculate the autocorrelation of TGS Dis returns to help us make a trade decision. For example, suppose you find that TGS Dis 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 Dis 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 Dis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGS Dis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGS Dis stock over time.
Current vs Lagged Prices |
| Timeline |
TGS Dis Lagged Returns
When evaluating TGS Dis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGS Dis stock have on its future price. TGS Dis 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 Dis autocorrelation shows the relationship between TGS Dis stock current value and its past values and can show if there is a momentum factor associated with investing in TGS Dis Ticaret.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in TGS Stock
TGS Dis financial ratios help investors to determine whether TGS 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 TGS with respect to the benefits of owning TGS Dis security.