Talga Group Stock Market Value
| TLGRF Stock | USD 0.29 0.02 7.41% |
| 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 pink sheet 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.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Talga Group on November 30, 2023 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 360 days. Talga Group is related to or competes with Fireweed Zinc, and Electric Royalties. Talga Group Ltd, a battery anode and graphene additives company, engages in the exploration, development, and commercial... 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 pink sheet 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.
| Downside Deviation | 9.28 | |||
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 58.01 | |||
| Value At Risk | (13.79) | |||
| Potential Upside | 12.5 |
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 | 0.0435 | |||
| Jensen Alpha | 0.5336 | |||
| Total Risk Alpha | (1.10) | |||
| Sortino Ratio | 0.0323 | |||
| Treynor Ratio | (0.45) |
Talga Group Backtested Returns
Talga Group appears to be out of control, given 3 months investment horizon. Talga Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0451, which indicates the firm had a 0.0451% return per unit of risk over the last 3 months. We have found thirty technical indicators for Talga Group, which you can use to evaluate the volatility of the company. Please review Talga Group's Risk Adjusted Performance of 0.0435, coefficient of variation of 2239.25, and Semi Deviation of 7.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Talga Group holds a performance score of 3. The entity has a beta of -0.94, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Talga Group are expected to decrease slowly. On the other hand, during market turmoil, Talga Group is expected to outperform it slightly. Please check Talga Group's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Talga Group's existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Talga Group has weak predictability. Overlapping area represents the amount of predictability between Talga Group 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 Talga Group price movement. The serial correlation of 0.22 indicates that over 22.0% of current Talga Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talga Group lagged returns against current returns
Autocorrelation, which is Talga Group pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talga Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talga Group pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Talga Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Talga Pink Sheet
Talga Group financial ratios help investors to determine whether Talga Pink Sheet 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 Talga with respect to the benefits of owning Talga Group security.