Talga Resources (Australia) Market Value
| TLG Stock | 0.42 0.01 2.33% |
| Symbol | Talga |
Talga Resources '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 Talga Resources' 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 Talga Resources.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Talga Resources on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Talga Resources or generate 0.0% return on investment in Talga Resources over 30 days. Talga Resources is related to or competes with Environmental, Tombador Iron, Aristocrat Leisure, Richmond Vanadium, Vulcan Steel, and Champion Iron. Talga Resources is entity of Australia. It is traded as Stock on AU exchange. More
Talga Resources 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 Talga Resources' 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 Talga Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.0467 | |||
| Maximum Drawdown | 50.35 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.82 |
Talga Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talga Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talga Resources' standard deviation. In reality, there are many statistical measures that can use Talga Resources historical prices to predict the future Talga Resources' volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | 0.2999 | |||
| Total Risk Alpha | 0.1746 | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 0.3177 |
Talga Resources Backtested Returns
Talga Resources appears to be out of control, given 3 months investment horizon. Talga Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0529, which indicates the firm had a 0.0529% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Talga Resources, which you can use to evaluate the volatility of the company. Please review Talga Resources' Coefficient Of Variation of 1958.21, risk adjusted performance of 0.0501, and Semi Deviation of 3.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Talga Resources holds a performance score of 4. The entity has a beta of 1.0, which indicates a somewhat significant risk relative to the market. Talga Resources returns are very sensitive to returns on the market. As the market goes up or down, Talga Resources is expected to follow. Please check Talga Resources' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Talga Resources' existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Talga Resources has virtually no predictability. Overlapping area represents the amount of predictability between Talga Resources time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Talga Resources price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Talga Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talga Resources lagged returns against current returns
Autocorrelation, which is Talga Resources 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 Talga Resources' stock expected returns. We can calculate the autocorrelation of Talga Resources returns to help us make a trade decision. For example, suppose you find that Talga Resources 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 |
Talga Resources 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 Talga Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talga Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talga Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Talga Resources Lagged Returns
When evaluating Talga Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talga Resources stock have on its future price. Talga Resources 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, Talga Resources autocorrelation shows the relationship between Talga Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Talga Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Talga Stock Analysis
When running Talga Resources' price analysis, check to measure Talga Resources' 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 Talga Resources is operating at the current time. Most of Talga Resources' value examination focuses on studying past and present price action to predict the probability of Talga Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Talga Resources' price. Additionally, you may evaluate how the addition of Talga Resources to your portfolios can decrease your overall portfolio volatility.