TGS NOPEC (Norway) Market Value
| TGS Stock | NOK 108.00 1.10 1.01% |
| Symbol | TGS |
TGS NOPEC '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 TGS NOPEC'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 TGS NOPEC.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in TGS NOPEC on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding TGS NOPEC Geophysical or generate 0.0% return on investment in TGS NOPEC over 180 days. TGS NOPEC is related to or competes with Subsea 7, Storebrand ASA, Aker Solutions, and Dno ASA. TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwid... More
TGS NOPEC 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 TGS NOPEC'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 TGS NOPEC Geophysical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 4.18 |
TGS NOPEC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TGS NOPEC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TGS NOPEC's standard deviation. In reality, there are many statistical measures that can use TGS NOPEC historical prices to predict the future TGS NOPEC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (6.27) |
TGS NOPEC Geophysical Backtested Returns
TGS NOPEC Geophysical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0322, which indicates the firm had a -0.0322% return per unit of standard deviation over the last 3 months. TGS NOPEC Geophysical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TGS NOPEC's variance of 6.35, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.0212, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TGS NOPEC's returns are expected to increase less than the market. However, during the bear market, the loss of holding TGS NOPEC is expected to be smaller as well. At this point, TGS NOPEC Geophysical has a negative expected return of -0.0805%. Please make sure to validate TGS NOPEC's kurtosis, as well as the relationship between the rate of daily change and market facilitation index , to decide if TGS NOPEC Geophysical performance from the past will be repeated at future time.
Auto-correlation | -0.3 |
Weak reverse predictability
TGS NOPEC Geophysical has weak reverse predictability. Overlapping area represents the amount of predictability between TGS NOPEC time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 TGS NOPEC Geophysical price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current TGS NOPEC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 19.26 |
TGS NOPEC Geophysical lagged returns against current returns
Autocorrelation, which is TGS NOPEC 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 TGS NOPEC's stock expected returns. We can calculate the autocorrelation of TGS NOPEC returns to help us make a trade decision. For example, suppose you find that TGS NOPEC 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 |
TGS NOPEC 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 TGS NOPEC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TGS NOPEC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TGS NOPEC stock over time.
Current vs Lagged Prices |
| Timeline |
TGS NOPEC Lagged Returns
When evaluating TGS NOPEC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TGS NOPEC stock have on its future price. TGS NOPEC 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, TGS NOPEC autocorrelation shows the relationship between TGS NOPEC stock current value and its past values and can show if there is a momentum factor associated with investing in TGS NOPEC Geophysical.
Regressed Prices |
| Timeline |
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TGS NOPEC financial ratios help investors to determine whether TGS 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 TGS with respect to the benefits of owning TGS NOPEC security.