TANGIAMO TOUCH (Germany) Market Value
| 5J7 Stock | EUR 0.12 0.01 7.69% |
| Symbol | TANGIAMO |
TANGIAMO TOUCH '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 TANGIAMO TOUCH'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 TANGIAMO TOUCH.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in TANGIAMO TOUCH on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding TANGIAMO TOUCH TECHN or generate 0.0% return on investment in TANGIAMO TOUCH over 720 days. TANGIAMO TOUCH is related to or competes with Scientific Games, International Game, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, and Reliance Steel. Tangiamo Touch Technology AB provides sensor technology products for the gaming industry More
TANGIAMO TOUCH 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 TANGIAMO TOUCH'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 TANGIAMO TOUCH TECHN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 46.1 | |||
| Information Ratio | 0.1558 | |||
| Maximum Drawdown | 266.67 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
TANGIAMO TOUCH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TANGIAMO TOUCH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TANGIAMO TOUCH's standard deviation. In reality, there are many statistical measures that can use TANGIAMO TOUCH historical prices to predict the future TANGIAMO TOUCH's volatility.| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 6.98 | |||
| Total Risk Alpha | 5.82 | |||
| Sortino Ratio | 0.1552 | |||
| Treynor Ratio | 0.8549 |
TANGIAMO TOUCH TECHN Backtested Returns
TANGIAMO TOUCH is out of control given 3 months investment horizon. TANGIAMO TOUCH TECHN owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the company had a 0.15% return per unit of standard deviation over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.63% are justified by taking the suggested risk. Use TANGIAMO TOUCH TECHN Downside Deviation of 46.1, market risk adjusted performance of 0.8649, and Risk Adjusted Performance of 0.1341 to evaluate company specific risk that cannot be diversified away. TANGIAMO TOUCH holds a performance score of 11 on a scale of zero to a hundred. The firm has a beta of 8.4, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TANGIAMO TOUCH will likely underperform. Use TANGIAMO TOUCH TECHN downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on TANGIAMO TOUCH TECHN.
Auto-correlation | -0.5 |
Modest reverse predictability
TANGIAMO TOUCH TECHN has modest reverse predictability. Overlapping area represents the amount of predictability between TANGIAMO TOUCH time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 TANGIAMO TOUCH TECHN price movement. The serial correlation of -0.5 indicates that about 50.0% of current TANGIAMO TOUCH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
TANGIAMO TOUCH TECHN lagged returns against current returns
Autocorrelation, which is TANGIAMO TOUCH 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 TANGIAMO TOUCH's stock expected returns. We can calculate the autocorrelation of TANGIAMO TOUCH returns to help us make a trade decision. For example, suppose you find that TANGIAMO TOUCH 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 |
TANGIAMO TOUCH 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 TANGIAMO TOUCH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TANGIAMO TOUCH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TANGIAMO TOUCH stock over time.
Current vs Lagged Prices |
| Timeline |
TANGIAMO TOUCH Lagged Returns
When evaluating TANGIAMO TOUCH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TANGIAMO TOUCH stock have on its future price. TANGIAMO TOUCH 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, TANGIAMO TOUCH autocorrelation shows the relationship between TANGIAMO TOUCH stock current value and its past values and can show if there is a momentum factor associated with investing in TANGIAMO TOUCH TECHN.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TANGIAMO Stock
TANGIAMO TOUCH financial ratios help investors to determine whether TANGIAMO 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 TANGIAMO with respect to the benefits of owning TANGIAMO TOUCH security.