TARGA RES PARTNERS Market Value
| 87612BBL5 | 100.28 0.73 0.72% |
| Symbol | TARGA |
TARGA '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 TARGA'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 TARGA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in TARGA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding TARGA RES PARTNERS or generate 0.0% return on investment in TARGA over 510 days. TARGA is related to or competes with Westinghouse Air, LENSAR, Southwest Airlines, Copa Holdings, Finnair Oyj, Merit Medical, and SkyWest. More
TARGA 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 TARGA'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 TARGA RES PARTNERS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 1.09 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.1683 |
TARGA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TARGA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TARGA's standard deviation. In reality, there are many statistical measures that can use TARGA historical prices to predict the future TARGA's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 1.55 |
TARGA RES PARTNERS Backtested Returns
TARGA RES PARTNERS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the bond had a -0.1% return per unit of standard deviation over the last 3 months. TARGA RES PARTNERS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TARGA's Risk Adjusted Performance of (0.09), market risk adjusted performance of 1.56, and Standard Deviation of 0.1764 to confirm the risk estimate we provide. The entity has a beta of -0.0152, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TARGA are expected to decrease at a much lower rate. During the bear market, TARGA is likely to outperform the market.
Auto-correlation | 0.47 |
Average predictability
TARGA RES PARTNERS has average predictability. Overlapping area represents the amount of predictability between TARGA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 TARGA RES PARTNERS price movement. The serial correlation of 0.47 indicates that about 47.0% of current TARGA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
TARGA RES PARTNERS lagged returns against current returns
Autocorrelation, which is TARGA 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 TARGA's bond expected returns. We can calculate the autocorrelation of TARGA returns to help us make a trade decision. For example, suppose you find that TARGA 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 |
TARGA 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 TARGA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TARGA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TARGA bond over time.
Current vs Lagged Prices |
| Timeline |
TARGA Lagged Returns
When evaluating TARGA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TARGA bond have on its future price. TARGA 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, TARGA autocorrelation shows the relationship between TARGA bond current value and its past values and can show if there is a momentum factor associated with investing in TARGA RES PARTNERS.
Regressed Prices |
| Timeline |
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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 TARGA Bond
TARGA financial ratios help investors to determine whether TARGA 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 TARGA with respect to the benefits of owning TARGA security.