Topaz Solar Farms Market Value
| 89054XAC9 | 96.94 0.19 0.20% |
| Symbol | Topaz |
Topaz '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 Topaz's bond 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 Topaz.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Topaz on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Topaz Solar Farms or generate 0.0% return on investment in Topaz over 90 days. Topaz is related to or competes with Gildan Activewear, Sea, Delek Energy, VF, National Vision, Skechers USA, and CVR Energy. More
Topaz 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 Topaz's bond 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 Topaz Solar Farms upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0794 | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.6714 |
Topaz Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topaz's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topaz's standard deviation. In reality, there are many statistical measures that can use Topaz historical prices to predict the future Topaz's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.0007) | |||
| Treynor Ratio | 0.5674 |
Topaz Solar Farms Backtested Returns
At this point, Topaz is very steady. Topaz Solar Farms owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0399, which indicates the bond had a 0.0399 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Topaz Solar Farms, which you can use to evaluate the volatility of the bond. Please validate Topaz's Variance of 0.2806, coefficient of variation of (929.20), and Risk Adjusted Performance of (0.10) to confirm if the risk estimate we provide is consistent with the expected return of 0.0182%. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Topaz are expected to decrease at a much lower rate. During the bear market, Topaz is likely to outperform the market.
Auto-correlation | -0.29 |
Weak reverse predictability
Topaz Solar Farms has weak reverse predictability. Overlapping area represents the amount of predictability between Topaz time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Topaz Solar Farms price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Topaz price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Topaz Solar Farms lagged returns against current returns
Autocorrelation, which is Topaz bond'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 Topaz's bond expected returns. We can calculate the autocorrelation of Topaz returns to help us make a trade decision. For example, suppose you find that Topaz has exhibited high autocorrelation historically, and you observe that the bond 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 |
Topaz 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 Topaz bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topaz bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topaz bond over time.
Current vs Lagged Prices |
| Timeline |
Topaz Lagged Returns
When evaluating Topaz's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topaz bond have on its future price. Topaz 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, Topaz autocorrelation shows the relationship between Topaz bond current value and its past values and can show if there is a momentum factor associated with investing in Topaz Solar Farms.
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 Topaz Bond
Topaz financial ratios help investors to determine whether Topaz Bond 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 Topaz with respect to the benefits of owning Topaz security.