Talgo SA (Spain) Market Value
| TLGO Stock | EUR 3.36 0.01 0.30% |
| Symbol | Talgo |
Talgo 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 Talgo 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 Talgo SA.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Talgo SA on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Talgo SA or generate 0.0% return on investment in Talgo SA over 360 days. Talgo SA is related to or competes with Construcciones, Gestamp Automocion, ENCE Energa, Tecnicas Reunidas, and Almirall. Talgo, S.A. designs, manufactures, and sells rolling stock and maintenance equipment worldwide More
Talgo 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 Talgo 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 Talgo SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 9.47 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 1.73 |
Talgo SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talgo SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talgo SA's standard deviation. In reality, there are many statistical measures that can use Talgo SA historical prices to predict the future Talgo SA's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (2.54) |
Talgo SA Backtested Returns
Talgo SA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Talgo SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Talgo SA's Risk Adjusted Performance of (0.13), coefficient of variation of (560.83), and Variance of 3.72 to confirm the risk estimate we provide. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Talgo SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Talgo SA is expected to be smaller as well. At this point, Talgo SA has a negative expected return of -0.35%. Please make sure to validate Talgo SA's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Talgo SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Talgo SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Talgo SA time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Talgo SA price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Talgo SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Talgo SA lagged returns against current returns
Autocorrelation, which is Talgo 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 Talgo SA's stock expected returns. We can calculate the autocorrelation of Talgo SA returns to help us make a trade decision. For example, suppose you find that Talgo 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 |
Talgo 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 Talgo SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talgo SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talgo SA stock over time.
Current vs Lagged Prices |
| Timeline |
Talgo SA Lagged Returns
When evaluating Talgo SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talgo SA stock have on its future price. Talgo 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, Talgo SA autocorrelation shows the relationship between Talgo SA stock current value and its past values and can show if there is a momentum factor associated with investing in Talgo 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.Other Information on Investing in Talgo Stock
Talgo SA financial ratios help investors to determine whether Talgo 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 Talgo with respect to the benefits of owning Talgo SA security.