Transglobal Assets Stock Market Value
| TMSH Stock | USD 0.0002 0.00 0.00% |
| Symbol | TransGlobal |
TransGlobal Assets '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 TransGlobal Assets' 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 TransGlobal Assets.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in TransGlobal Assets on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding TransGlobal Assets or generate 0.0% return on investment in TransGlobal Assets over 570 days. TransGlobal Assets Inc., together with its subsidiaries, distributes motor vehicle fuel and tobacco products to retail o... More
TransGlobal Assets 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 TransGlobal Assets' 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 TransGlobal Assets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 83.33 |
TransGlobal Assets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TransGlobal Assets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TransGlobal Assets' standard deviation. In reality, there are many statistical measures that can use TransGlobal Assets historical prices to predict the future TransGlobal Assets' volatility.| Risk Adjusted Performance | 0.0543 | |||
| Jensen Alpha | 0.7772 | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | (2.99) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TransGlobal Assets' 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.
TransGlobal Assets Backtested Returns
TransGlobal Assets appears to be out of control, given 3 months investment horizon. TransGlobal Assets owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0602, which indicates the firm had a 0.0602% return per unit of risk over the last 3 months. By inspecting TransGlobal Assets' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review TransGlobal Assets' Coefficient Of Variation of 1701.13, risk adjusted performance of 0.0543, and Variance of 166.08 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TransGlobal Assets holds a performance score of 4. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TransGlobal Assets are expected to decrease at a much lower rate. During the bear market, TransGlobal Assets is likely to outperform the market. Please check TransGlobal Assets' mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and day median price , to make a quick decision on whether TransGlobal Assets' existing price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
TransGlobal Assets has below average predictability. Overlapping area represents the amount of predictability between TransGlobal Assets time series from 7th of May 2023 to 16th of February 2024 and 16th of February 2024 to 27th 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 TransGlobal Assets price movement. The serial correlation of 0.37 indicates that just about 37.0% of current TransGlobal Assets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TransGlobal Assets lagged returns against current returns
Autocorrelation, which is TransGlobal Assets 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 TransGlobal Assets' pink sheet expected returns. We can calculate the autocorrelation of TransGlobal Assets returns to help us make a trade decision. For example, suppose you find that TransGlobal Assets 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 |
TransGlobal Assets 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 TransGlobal Assets pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TransGlobal Assets pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TransGlobal Assets pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TransGlobal Assets Lagged Returns
When evaluating TransGlobal Assets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TransGlobal Assets pink sheet have on its future price. TransGlobal Assets 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, TransGlobal Assets autocorrelation shows the relationship between TransGlobal Assets pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TransGlobal Assets.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TransGlobal Pink Sheet
TransGlobal Assets financial ratios help investors to determine whether TransGlobal 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 TransGlobal with respect to the benefits of owning TransGlobal Assets security.