Texas Gulf's market value is the price at which a share of Texas Gulf trades on a public exchange. It measures the collective expectations of Texas Gulf Energy investors about its performance. Texas Gulf is trading at 2725.74 as of the 12th of January 2025, a 0.74% down since the beginning of the trading day. The stock's lowest day price was 2713.61. With this module, you can estimate the performance of a buy and hold strategy of Texas Gulf Energy and determine expected loss or profit from investing in Texas Gulf over a given investment horizon. Check out Texas Gulf Correlation, Texas Gulf Volatility and Texas Gulf Alpha and Beta module to complement your research on Texas Gulf.
Please note, there is a significant difference between Texas Gulf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Gulf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Gulf's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Texas Gulf '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 Texas Gulf'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 Texas Gulf.
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10/14/2024
No Change 0.00
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In 3 months and 1 day
01/12/2025
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If you would invest 0.00 in Texas Gulf on October 14, 2024 and sell it all today you would earn a total of 0.00 from holding Texas Gulf Energy or generate 0.0% return on investment in Texas Gulf over 90 days. Texas Gulf is related to or competes with Worley Parsons, and Saipem SpA. Texas Gulf Energy, Inc. provides turnkey and specialty construction services to a range of industrial and energy sector ... More
Texas Gulf 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 Texas Gulf'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 Texas Gulf Energy upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Texas Gulf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Texas Gulf's standard deviation. In reality, there are many statistical measures that can use Texas Gulf historical prices to predict the future Texas Gulf's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Texas Gulf. Your research has to be compared to or analyzed against Texas Gulf's peers to derive any actionable benefits. When done correctly, Texas Gulf's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Texas Gulf Energy.
Texas Gulf Energy Backtested Returns
At this point, Texas Gulf is very steady. Texas Gulf Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0188, which indicates the firm had a 0.0188% return per unit of risk over the last 3 months. We have found thirty technical indicators for Texas Gulf Energy, which you can use to evaluate the volatility of the company. Please validate Texas Gulf's Semi Deviation of 1.88, risk adjusted performance of 0.0213, and Coefficient Of Variation of 5322.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.0374%. Texas Gulf has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0768, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Texas Gulf are expected to decrease at a much lower rate. During the bear market, Texas Gulf is likely to outperform the market. Texas Gulf Energy right now has a risk of 1.99%. Please validate Texas Gulf accumulation distribution, and the relationship between the semi variance and day typical price , to decide if Texas Gulf will be following its existing price patterns.
Auto-correlation
0.45
Average predictability
Texas Gulf Energy has average predictability. Overlapping area represents the amount of predictability between Texas Gulf time series from 14th of October 2024 to 28th of November 2024 and 28th of November 2024 to 12th 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 Texas Gulf Energy price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Texas Gulf price fluctuation can be explain by its past prices.
Correlation Coefficient
0.45
Spearman Rank Test
0.21
Residual Average
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Price Variance
5897.0
Texas Gulf Energy lagged returns against current returns
Autocorrelation, which is Texas Gulf 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 Texas Gulf's pink sheet expected returns. We can calculate the autocorrelation of Texas Gulf returns to help us make a trade decision. For example, suppose you find that Texas Gulf 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
Texas Gulf 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 Texas Gulf pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Texas Gulf pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Texas Gulf pink sheet over time.
Current vs Lagged Prices
Timeline
Texas Gulf Lagged Returns
When evaluating Texas Gulf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Texas Gulf pink sheet have on its future price. Texas Gulf 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, Texas Gulf autocorrelation shows the relationship between Texas Gulf pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Texas Gulf Energy.
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.
Other Information on Investing in Texas Pink Sheet
Texas Gulf financial ratios help investors to determine whether Texas 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 Texas with respect to the benefits of owning Texas Gulf security.