Tangel Publishing's market value is the price at which a share of Tangel Publishing trades on a public exchange. It measures the collective expectations of Tangel Publishing investors about its performance. Tangel Publishing is trading at 3.41 as of the 4th of January 2025, a 6.58 percent decrease since the beginning of the trading day. The stock's open price was 3.65. With this module, you can estimate the performance of a buy and hold strategy of Tangel Publishing and determine expected loss or profit from investing in Tangel Publishing over a given investment horizon. Check out Tangel Publishing Correlation, Tangel Publishing Volatility and Tangel Publishing Alpha and Beta module to complement your research on Tangel Publishing.
Please note, there is a significant difference between Tangel Publishing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tangel Publishing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tangel Publishing'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.
Tangel Publishing '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 Tangel Publishing's stock 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 Tangel Publishing.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tangel Publishing's stock 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 Tangel Publishing upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangel Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangel Publishing's standard deviation. In reality, there are many statistical measures that can use Tangel Publishing historical prices to predict the future Tangel Publishing's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tangel Publishing. Your research has to be compared to or analyzed against Tangel Publishing's peers to derive any actionable benefits. When done correctly, Tangel Publishing's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tangel Publishing.
Tangel Publishing Backtested Returns
Tangel Publishing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0477, which indicates the firm had a -0.0477% return per unit of risk over the last 3 months. Tangel Publishing exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tangel Publishing's Coefficient Of Variation of (2,095), risk adjusted performance of (0.03), and Variance of 25.22 to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tangel Publishing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tangel Publishing is expected to be smaller as well. At this point, Tangel Publishing has a negative expected return of -0.24%. Please make sure to validate Tangel Publishing's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tangel Publishing performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.7
Very good reverse predictability
Tangel Publishing has very good reverse predictability. Overlapping area represents the amount of predictability between Tangel Publishing time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tangel Publishing price movement. The serial correlation of -0.7 indicates that around 70.0% of current Tangel Publishing price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.7
Spearman Rank Test
-0.75
Residual Average
0.0
Price Variance
0.34
Tangel Publishing lagged returns against current returns
Autocorrelation, which is Tangel Publishing stock'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 Tangel Publishing's stock expected returns. We can calculate the autocorrelation of Tangel Publishing returns to help us make a trade decision. For example, suppose you find that Tangel Publishing has exhibited high autocorrelation historically, and you observe that the stock 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
Tangel Publishing 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 Tangel Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangel Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangel Publishing stock over time.
Current vs Lagged Prices
Timeline
Tangel Publishing Lagged Returns
When evaluating Tangel Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangel Publishing stock have on its future price. Tangel Publishing 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, Tangel Publishing autocorrelation shows the relationship between Tangel Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Tangel Publishing.
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.
Tangel Publishing financial ratios help investors to determine whether Tangel Stock 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 Tangel with respect to the benefits of owning Tangel Publishing security.