Taiga Building Products Stock Market Value
| TGAFF Stock | USD 2.70 0.08 2.88% |
| Symbol | Taiga |
Taiga Building '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 Taiga Building's pink sheet 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 Taiga Building.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Taiga Building on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Taiga Building Products or generate 0.0% return on investment in Taiga Building over 180 days. Taiga Building is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and CARPENTER. Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States More
Taiga Building 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 Taiga Building's pink sheet 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 Taiga Building Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 1.84 |
Taiga Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiga Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiga Building's standard deviation. In reality, there are many statistical measures that can use Taiga Building historical prices to predict the future Taiga Building's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.8824 |
Taiga Building Products Backtested Returns
Taiga Building Products owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0425, which indicates the firm had a -0.0425% return per unit of risk over the last 3 months. Taiga Building Products exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiga Building's Risk Adjusted Performance of (0.03), variance of 1.34, and Coefficient Of Variation of (2,387) to confirm the risk estimate we provide. The entity has a beta of -0.0663, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiga Building are expected to decrease at a much lower rate. During the bear market, Taiga Building is likely to outperform the market. At this point, Taiga Building Products has a negative expected return of -0.05%. Please make sure to validate Taiga Building's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Taiga Building Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Taiga Building Products has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taiga Building time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Taiga Building Products price movement. The serial correlation of -0.16 indicates that over 16.0% of current Taiga Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Taiga Building Products lagged returns against current returns
Autocorrelation, which is Taiga Building pink sheet'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 Taiga Building's pink sheet expected returns. We can calculate the autocorrelation of Taiga Building returns to help us make a trade decision. For example, suppose you find that Taiga Building has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Taiga Building 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 Taiga Building pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiga Building pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiga Building pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Taiga Building Lagged Returns
When evaluating Taiga Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiga Building pink sheet have on its future price. Taiga Building 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, Taiga Building autocorrelation shows the relationship between Taiga Building pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Taiga Building Products.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Taiga Pink Sheet
Taiga Building financial ratios help investors to determine whether Taiga Pink Sheet 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 Taiga with respect to the benefits of owning Taiga Building security.