Techgen Metals (Australia) Market Value
| TG1 Stock | 0.03 0 3.33% |
| Symbol | Techgen |
Techgen Metals '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 Techgen Metals' 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 Techgen Metals.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Techgen Metals on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Techgen Metals or generate 0.0% return on investment in Techgen Metals over 30 days. Techgen Metals is related to or competes with BNK Banking, Mount Gibson, Insignia Financial, Sequoia Financial, Bell Financial, and Tombador Iron. Techgen Metals is entity of Australia. It is traded as Stock on AU exchange. More
Techgen Metals 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 Techgen Metals' 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 Techgen Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.49 | |||
| Information Ratio | 0.0218 | |||
| Maximum Drawdown | 27.53 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
Techgen Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techgen Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techgen Metals' standard deviation. In reality, there are many statistical measures that can use Techgen Metals historical prices to predict the future Techgen Metals' volatility.| Risk Adjusted Performance | 0.014 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.6396 | |||
| Sortino Ratio | 0.0179 | |||
| Treynor Ratio | (0.06) |
Techgen Metals Backtested Returns
Techgen Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0231, which indicates the firm had a -0.0231 % return per unit of risk over the last 3 months. Techgen Metals exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techgen Metals' Semi Deviation of 4.27, risk adjusted performance of 0.014, and Coefficient Of Variation of 14004.12 to confirm the risk estimate we provide. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Techgen Metals are expected to decrease at a much lower rate. During the bear market, Techgen Metals is likely to outperform the market. At this point, Techgen Metals has a negative expected return of -0.12%. Please make sure to validate Techgen Metals' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Techgen Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Techgen Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Techgen Metals time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th of March 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 Techgen Metals price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Techgen Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Techgen Metals lagged returns against current returns
Autocorrelation, which is Techgen Metals 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 Techgen Metals' stock expected returns. We can calculate the autocorrelation of Techgen Metals returns to help us make a trade decision. For example, suppose you find that Techgen Metals 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 |
Techgen Metals 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 Techgen Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techgen Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techgen Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Techgen Metals Lagged Returns
When evaluating Techgen Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techgen Metals stock have on its future price. Techgen Metals 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, Techgen Metals autocorrelation shows the relationship between Techgen Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Techgen Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Techgen Stock Analysis
When running Techgen Metals' price analysis, check to measure Techgen Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Techgen Metals is operating at the current time. Most of Techgen Metals' value examination focuses on studying past and present price action to predict the probability of Techgen Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Techgen Metals' price. Additionally, you may evaluate how the addition of Techgen Metals to your portfolios can decrease your overall portfolio volatility.