Talga Group (Germany) Market Value
| TGX Stock | 0.93 0.67 257.69% |
| Symbol | Talga |
Talga 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 Talga Group'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 Talga Group.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Talga Group on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Talga Group or generate 0.0% return on investment in Talga Group over 30 days. Talga Group is related to or competes with Siamgas, PICKN PAY, INDOFOOD AGRI, Beyond Meat, Vastned Retail, Monster Beverage, and National Retail. More
Talga 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 Talga Group'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 Talga Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.92 | |||
| Value At Risk | (5.83) | |||
| Potential Upside | 7.61 |
Talga Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talga Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talga Group's standard deviation. In reality, there are many statistical measures that can use Talga Group historical prices to predict the future Talga Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Talga Group'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.
Talga Group Backtested Returns
Talga Group is out of control given 3 months investment horizon. Talga Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 4.31% are justified by taking the suggested risk. Use Talga Group Variance of 18.51, coefficient of variation of (2,841), and Risk Adjusted Performance of (0.02) to evaluate company specific risk that cannot be diversified away. Talga Group holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Talga Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Talga Group is expected to be smaller as well. Use Talga Group potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to analyze future returns on Talga Group.
Auto-correlation | -0.09 |
Very weak reverse predictability
Talga Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Talga Group time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Talga Group price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Talga Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Talga Group lagged returns against current returns
Autocorrelation, which is Talga Group 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 Talga Group's stock expected returns. We can calculate the autocorrelation of Talga Group returns to help us make a trade decision. For example, suppose you find that Talga Group 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 |
Talga 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 Talga Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talga Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talga Group stock over time.
Current vs Lagged Prices |
| Timeline |
Talga Group Lagged Returns
When evaluating Talga Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talga Group stock have on its future price. Talga 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, Talga Group autocorrelation shows the relationship between Talga Group stock current value and its past values and can show if there is a momentum factor associated with investing in Talga Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Talga Stock Analysis
When running Talga Group's price analysis, check to measure Talga Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Talga Group is operating at the current time. Most of Talga Group's value examination focuses on studying past and present price action to predict the probability of Talga Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Talga Group's price. Additionally, you may evaluate how the addition of Talga Group to your portfolios can decrease your overall portfolio volatility.