Terago Inc Stock Market Value
| TGO Stock | CAD 1.28 0.06 4.48% |
| Symbol | TeraGo |
TeraGo Inc Price To Book Ratio
TeraGo '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 TeraGo'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 TeraGo.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in TeraGo on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding TeraGo Inc or generate 0.0% return on investment in TeraGo over 90 days. TeraGo is related to or competes with Evertz Technologies, Vecima Networks, EcoSynthetix, Baylin Technologies, and Tucows. TeraGo Inc., together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud serv... More
TeraGo 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 TeraGo'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 TeraGo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.67 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 20.93 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 5.56 |
TeraGo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TeraGo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TeraGo's standard deviation. In reality, there are many statistical measures that can use TeraGo historical prices to predict the future TeraGo's volatility.| Risk Adjusted Performance | 0.0218 | |||
| Jensen Alpha | 0.036 | |||
| Total Risk Alpha | 0.5408 | |||
| Sortino Ratio | 0.0347 | |||
| Treynor Ratio | (0.35) |
TeraGo Inc Backtested Returns
As of now, TeraGo Stock is dangerous. TeraGo Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0389, which indicates the firm had a 0.0389 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TeraGo Inc, which you can use to evaluate the volatility of the company. Please validate TeraGo's Coefficient Of Variation of 6225.24, semi deviation of 3.74, and Risk Adjusted Performance of 0.0218 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. TeraGo has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TeraGo are expected to decrease at a much lower rate. During the bear market, TeraGo is likely to outperform the market. TeraGo Inc right now has a risk of 3.87%. Please validate TeraGo daily balance of power, market facilitation index, as well as the relationship between the expected short fall and value at risk , to decide if TeraGo will be following its existing price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
TeraGo Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TeraGo time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 TeraGo Inc price movement. The serial correlation of -0.76 indicates that around 76.0% of current TeraGo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TeraGo Inc lagged returns against current returns
Autocorrelation, which is TeraGo 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 TeraGo's stock expected returns. We can calculate the autocorrelation of TeraGo returns to help us make a trade decision. For example, suppose you find that TeraGo 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 |
TeraGo 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 TeraGo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TeraGo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TeraGo stock over time.
Current vs Lagged Prices |
| Timeline |
TeraGo Lagged Returns
When evaluating TeraGo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TeraGo stock have on its future price. TeraGo 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, TeraGo autocorrelation shows the relationship between TeraGo stock current value and its past values and can show if there is a momentum factor associated with investing in TeraGo Inc.
Regressed Prices |
| Timeline |
Pair Trading with TeraGo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TeraGo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TeraGo will appreciate offsetting losses from the drop in the long position's value.Moving together with TeraGo Stock
Moving against TeraGo Stock
| 0.7 | ESI | Ensign Energy Services | PairCorr |
| 0.67 | DF | Dividend 15 Split | PairCorr |
| 0.42 | DGS | Dividend Growth Split | PairCorr |
The ability to find closely correlated positions to TeraGo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TeraGo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TeraGo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TeraGo Inc to buy it.
The correlation of TeraGo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TeraGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TeraGo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TeraGo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TeraGo Stock
TeraGo financial ratios help investors to determine whether TeraGo 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 TeraGo with respect to the benefits of owning TeraGo security.