TANGER PPTYS LTD Market Value
| 875484AJ6 | 93.52 3.16 3.27% |
| Symbol | TANGER |
TANGER '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 TANGER's bond 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 TANGER.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in TANGER on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding TANGER PPTYS LTD or generate 0.0% return on investment in TANGER over 30 days. TANGER is related to or competes with Verra Mobility, Harmony Gold, Saia, Lindblad Expeditions, and Lion One. More
TANGER 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 TANGER's bond 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 TANGER PPTYS LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 4.51 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.13 |
TANGER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TANGER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TANGER's standard deviation. In reality, there are many statistical measures that can use TANGER historical prices to predict the future TANGER's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.00) |
TANGER PPTYS LTD Backtested Returns
TANGER PPTYS LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0854, which indicates the bond had a -0.0854% return per unit of standard deviation over the last 3 months. TANGER PPTYS LTD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TANGER's Standard Deviation of 0.6291, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.99) to confirm the risk estimate we provide. The entity has a beta of 0.064, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TANGER's returns are expected to increase less than the market. However, during the bear market, the loss of holding TANGER is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
TANGER PPTYS LTD has insignificant predictability. Overlapping area represents the amount of predictability between TANGER time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 TANGER PPTYS LTD price movement. The serial correlation of 0.11 indicates that less than 11.0% of current TANGER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
TANGER PPTYS LTD lagged returns against current returns
Autocorrelation, which is TANGER bond'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 TANGER's bond expected returns. We can calculate the autocorrelation of TANGER returns to help us make a trade decision. For example, suppose you find that TANGER has exhibited high autocorrelation historically, and you observe that the bond 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 |
TANGER 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 TANGER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TANGER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TANGER bond over time.
Current vs Lagged Prices |
| Timeline |
TANGER Lagged Returns
When evaluating TANGER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TANGER bond have on its future price. TANGER 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, TANGER autocorrelation shows the relationship between TANGER bond current value and its past values and can show if there is a momentum factor associated with investing in TANGER PPTYS LTD.
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 TANGER Bond
TANGER financial ratios help investors to determine whether TANGER Bond 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 TANGER with respect to the benefits of owning TANGER security.