Terago Inc Stock Market Value
| TGO Stock | CAD 2.03 0.03 1.50% |
| Symbol | TeraGo |
TeraGo Inc Price To Book Ratio
TeraGo '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 TeraGo'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 TeraGo.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in TeraGo on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding TeraGo Inc or generate 0.0% return on investment in TeraGo over 30 days. TeraGo is related to or competes with Microsoft Corp, Apple, NVIDIA CDR, Amazon CDR, Berkshire Hathaway, JPMorgan Chase, and Visa. TeraGo Inc., together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud serv... More
TeraGo 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 TeraGo'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 TeraGo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.86 | |||
| Information Ratio | 0.1042 | |||
| Maximum Drawdown | 34.68 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 10.43 |
TeraGo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TeraGo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TeraGo's standard deviation. In reality, there are many statistical measures that can use TeraGo historical prices to predict the future TeraGo's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.7299 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1237 | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TeraGo's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TeraGo Inc Backtested Returns
TeraGo appears to be dangerous, given 3 months investment horizon. TeraGo Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting TeraGo's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review TeraGo's Coefficient Of Variation of 849.95, semi deviation of 4.33, and Risk Adjusted Performance of 0.0765 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TeraGo holds a performance score of 10. The entity has a beta of -0.89, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning TeraGo are expected to decrease slowly. On the other hand, during market turmoil, TeraGo is expected to outperform it slightly. Please check TeraGo's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether TeraGo's existing price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
TeraGo Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between TeraGo time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 TeraGo Inc price movement. The serial correlation of -0.03 indicates that only 3.0% of current TeraGo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TeraGo Inc lagged returns against current returns
Autocorrelation, which is TeraGo 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 TeraGo's stock expected returns. We can calculate the autocorrelation of TeraGo returns to help us make a trade decision. For example, suppose you find that TeraGo 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 |
TeraGo 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 TeraGo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TeraGo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TeraGo stock over time.
Current vs Lagged Prices |
| Timeline |
TeraGo Lagged Returns
When evaluating TeraGo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TeraGo stock have on its future price. TeraGo 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, TeraGo autocorrelation shows the relationship between TeraGo stock current value and its past values and can show if there is a momentum factor associated with investing in TeraGo Inc.
Regressed Prices |
| Timeline |
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Complementary Tools for TeraGo Stock analysis
When running TeraGo's price analysis, check to measure TeraGo's 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 TeraGo is operating at the current time. Most of TeraGo's value examination focuses on studying past and present price action to predict the probability of TeraGo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TeraGo's price. Additionally, you may evaluate how the addition of TeraGo to your portfolios can decrease your overall portfolio volatility.
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TeraGo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.