Transportadora (Argentina) Market Value
| TGNO4 Stock | ARS 4,155 50.00 1.22% |
| Symbol | Transportadora |
Transportadora '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 Transportadora'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 Transportadora.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Transportadora on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Transportadora de Gas or generate 0.0% return on investment in Transportadora over 30 days. Transportadora is related to or competes with Transportadora, Compania, United States, and Agrometal SAI. Transportadora de Gas del Norte S.A. transports natural gas in the north and central west regions of Argentina More
Transportadora 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 Transportadora'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 Transportadora de Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1819 | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 4.9 |
Transportadora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transportadora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transportadora's standard deviation. In reality, there are many statistical measures that can use Transportadora historical prices to predict the future Transportadora's volatility.| Risk Adjusted Performance | 0.1892 | |||
| Jensen Alpha | 0.6404 | |||
| Total Risk Alpha | 0.1642 | |||
| Sortino Ratio | 0.213 | |||
| Treynor Ratio | (1.04) |
Transportadora de Gas Backtested Returns
Transportadora appears to be very steady, given 3 months investment horizon. Transportadora de Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Transportadora's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Transportadora's Semi Deviation of 1.64, coefficient of variation of 419.29, and Risk Adjusted Performance of 0.1892 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Transportadora holds a performance score of 16. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Transportadora are expected to decrease at a much lower rate. During the bear market, Transportadora is likely to outperform the market. Please check Transportadora's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Transportadora's existing price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Transportadora de Gas has good predictability. Overlapping area represents the amount of predictability between Transportadora time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Transportadora de Gas price movement. The serial correlation of 0.66 indicates that around 66.0% of current Transportadora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 29.7 K |
Transportadora de Gas lagged returns against current returns
Autocorrelation, which is Transportadora 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 Transportadora's stock expected returns. We can calculate the autocorrelation of Transportadora returns to help us make a trade decision. For example, suppose you find that Transportadora 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 |
Transportadora 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 Transportadora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transportadora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transportadora stock over time.
Current vs Lagged Prices |
| Timeline |
Transportadora Lagged Returns
When evaluating Transportadora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transportadora stock have on its future price. Transportadora 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, Transportadora autocorrelation shows the relationship between Transportadora stock current value and its past values and can show if there is a momentum factor associated with investing in Transportadora de Gas.
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.Additional Information and Resources on Investing in Transportadora Stock
When determining whether Transportadora de Gas is a strong investment it is important to analyze Transportadora's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Transportadora's future performance. For an informed investment choice regarding Transportadora Stock, refer to the following important reports:Check out Transportadora Correlation, Transportadora Volatility and Transportadora Alpha and Beta module to complement your research on Transportadora. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Transportadora technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.