Tgi Solar Power Stock Market Value
| TSPG Stock | USD 0.0008 0.0001 14.29% |
| Symbol | TGI |
TGI Solar '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 TGI Solar'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 TGI Solar.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in TGI Solar on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding TGI Solar Power or generate 0.0% return on investment in TGI Solar over 720 days. TGI Solar is related to or competes with Maxeon Solar, Nextracker, Sunnova Energy, Shoals Technologies, Array Technologies, and Ascent Solar. TGI Solar Power Group Inc. intends to provide clients with management, tools, and resources to deliver interactive, real... More
TGI Solar 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 TGI Solar'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 TGI Solar Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 78.68 | |||
| Value At Risk | (23.08) | |||
| Potential Upside | 28.57 |
TGI Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGI Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGI Solar's standard deviation. In reality, there are many statistical measures that can use TGI Solar historical prices to predict the future TGI Solar's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (2.40) | |||
| Treynor Ratio | 0.2999 |
TGI Solar Power Backtested Returns
TGI Solar Power owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0152, which indicates the firm had a -0.0152% return per unit of volatility over the last 3 months. TGI Solar Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TGI Solar's variance of 193.94, and Risk Adjusted Performance of 0.0059 to confirm the risk estimate we provide. 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 TGI Solar are expected to decrease at a much lower rate. During the bear market, TGI Solar is likely to outperform the market. At this point, TGI Solar Power has a negative expected return of -0.21%. Please make sure to validate TGI Solar's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if TGI Solar Power performance from the past will be repeated at future time.
Auto-correlation | -0.09 |
Very weak reverse predictability
TGI Solar Power has very weak reverse predictability. Overlapping area represents the amount of predictability between TGI Solar time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 TGI Solar Power price movement. The serial correlation of -0.09 indicates that less than 9.0% of current TGI Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TGI Solar Power lagged returns against current returns
Autocorrelation, which is TGI Solar 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 TGI Solar's pink sheet expected returns. We can calculate the autocorrelation of TGI Solar returns to help us make a trade decision. For example, suppose you find that TGI Solar 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 |
TGI Solar 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 TGI Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGI Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGI Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TGI Solar Lagged Returns
When evaluating TGI Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGI Solar pink sheet have on its future price. TGI Solar 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, TGI Solar autocorrelation shows the relationship between TGI Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TGI Solar Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TGI Pink Sheet
TGI Solar financial ratios help investors to determine whether TGI 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 TGI with respect to the benefits of owning TGI Solar security.