Topaz Solar Farms Market Value

89054XAC9   96.94  0.19  0.20%   
Topaz's market value is the price at which a share of Topaz trades on an exchange. It measures the collective expectations of Topaz Solar Farms investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of Topaz Solar Farms and determine expected loss or profit from investing in Topaz over a given investment horizon.
Check out Topaz Correlation, Topaz Volatility and Topaz Alpha and Beta module to complement your research on Topaz.
Symbol

Please note, there is a significant difference between Topaz's value and its price as these two are different measures arrived at by different means. Investors typically determine if Topaz is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Topaz'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.

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.
0.00
12/18/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/18/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
96.4896.9497.40
Details
Intrinsic
Valuation
LowRealHigh
81.6382.09106.63
Details

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 Average0.0
Price Variance0.14

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.