Tgs Asa Stock Market Value
| TGSNF Stock | USD 9.60 0.60 6.67% |
| Symbol | TGS |
TGS ASA '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 ASA'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 TGS ASA.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in TGS ASA on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding TGS ASA or generate 0.0% return on investment in TGS ASA over 90 days. TGS ASA is related to or competes with Expro Group, ChampionX, Ranger Energy, Cactus, MRC Global, Bristow, and Oil States. TGS ASA provides geoscience data products and services to the oil and gas industry worldwide More
TGS ASA 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 ASA'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 TGS ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (0.52) |
TGS ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGS ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGS ASA's standard deviation. In reality, there are many statistical measures that can use TGS ASA historical prices to predict the future TGS ASA's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.54) |
TGS ASA Backtested Returns
TGS ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0551, which indicates the firm had a -0.0551% return per unit of standard deviation over the last 3 months. TGS ASA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TGS ASA's risk adjusted performance of (0.09), and Variance of 5.02 to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TGS ASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding TGS ASA is expected to be smaller as well. At this point, TGS ASA has a negative expected return of -0.0961%. Please make sure to validate TGS ASA's treynor ratio, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if TGS ASA performance from the past will be repeated at future time.
Auto-correlation | 0.33 |
Below average predictability
TGS ASA has below average predictability. Overlapping area represents the amount of predictability between TGS ASA time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 TGS ASA price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current TGS ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
TGS ASA lagged returns against current returns
Autocorrelation, which is TGS ASA 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 TGS ASA's otc stock expected returns. We can calculate the autocorrelation of TGS ASA returns to help us make a trade decision. For example, suppose you find that TGS ASA 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 |
TGS ASA 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 ASA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGS ASA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGS ASA otc stock over time.
Current vs Lagged Prices |
| Timeline |
TGS ASA Lagged Returns
When evaluating TGS ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGS ASA otc stock have on its future price. TGS ASA 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 ASA autocorrelation shows the relationship between TGS ASA otc stock current value and its past values and can show if there is a momentum factor associated with investing in TGS ASA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TGS OTC Stock
TGS ASA financial ratios help investors to determine whether TGS 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 TGS with respect to the benefits of owning TGS ASA security.