Tecogen Stock Statistic Functions Beta
| TGEN Stock | USD 4.34 0.42 8.82% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Tecogen correlated with the market. If Beta is less than 0 Tecogen generally moves in the opposite direction as compared to the market. If Tecogen Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Tecogen is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Tecogen is generally in the same direction as the market. If Beta > 1 Tecogen moves generally in the same direction as, but more than the movement of the benchmark.
Tecogen Technical Analysis Modules
Most technical analysis of Tecogen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tecogen from various momentum indicators to cycle indicators. When you analyze Tecogen charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Tecogen Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tecogen. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tecogen based on widely used predictive technical indicators. In general, we focus on analyzing Tecogen Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tecogen's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Tecogen's intrinsic value. In addition to deriving basic predictive indicators for Tecogen, we also check how macroeconomic factors affect Tecogen price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 116.06 | 103.68 | 93.32 | 107.77 | PTB Ratio | 1.36 | 3.57 | 4.11 | 7.34 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tecogen's 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.
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Tecogen pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tecogen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tecogen will appreciate offsetting losses from the drop in the long position's value.Tecogen Pair Trading
Tecogen Pair Trading Analysis
The ability to find closely correlated positions to Tecogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tecogen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tecogen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tecogen to buy it.
The correlation of Tecogen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tecogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tecogen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tecogen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tecogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Tecogen Stock, please use our How to Invest in Tecogen guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tecogen. If investors know Tecogen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tecogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Earnings Share (0.16) | Revenue Per Share | Quarterly Revenue Growth 0.543 | Return On Assets |
The market value of Tecogen is measured differently than its book value, which is the value of Tecogen that is recorded on the company's balance sheet. Investors also form their own opinion of Tecogen's value that differs from its market value or its book value, called intrinsic value, which is Tecogen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tecogen's market value can be influenced by many factors that don't directly affect Tecogen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tecogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tecogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tecogen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.