Artego Tg (Romania) Market Value
| ARTE Stock | 16.30 0.30 1.88% |
| Symbol | Artego |
Please note, there is a significant difference between Artego Tg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Artego Tg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artego Tg'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.
Artego Tg '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 Artego Tg'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 Artego Tg.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Artego Tg on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Artego Tg Jiu or generate 0.0% return on investment in Artego Tg over 720 days. More
Artego Tg 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 Artego Tg'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 Artego Tg Jiu upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.22 | |||
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 16.08 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 6.49 |
Artego Tg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artego Tg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artego Tg's standard deviation. In reality, there are many statistical measures that can use Artego Tg historical prices to predict the future Artego Tg's volatility.| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | 0.1028 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | 0.3842 |
Artego Tg Jiu Backtested Returns
As of now, Artego Stock is not too volatile. Artego Tg Jiu secures Sharpe Ratio (or Efficiency) of 0.0531, which signifies that the company had a 0.0531% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Artego Tg Jiu, which you can use to evaluate the volatility of the firm. Please confirm Artego Tg's Risk Adjusted Performance of 0.044, mean deviation of 1.67, and Downside Deviation of 5.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Artego Tg has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Artego Tg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Artego Tg is expected to be smaller as well. Artego Tg Jiu right now shows a risk of 2.76%. Please confirm Artego Tg Jiu treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Artego Tg Jiu will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Artego Tg Jiu has poor reverse predictability. Overlapping area represents the amount of predictability between Artego Tg time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 Artego Tg Jiu price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Artego Tg price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Artego Tg Jiu lagged returns against current returns
Autocorrelation, which is Artego Tg 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 Artego Tg's stock expected returns. We can calculate the autocorrelation of Artego Tg returns to help us make a trade decision. For example, suppose you find that Artego Tg 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 |
Artego Tg 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 Artego Tg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artego Tg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artego Tg stock over time.
Current vs Lagged Prices |
| Timeline |
Artego Tg Lagged Returns
When evaluating Artego Tg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artego Tg stock have on its future price. Artego Tg 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, Artego Tg autocorrelation shows the relationship between Artego Tg stock current value and its past values and can show if there is a momentum factor associated with investing in Artego Tg Jiu.
Regressed Prices |
| Timeline |
Pair Trading with Artego Tg
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Artego Tg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Artego Tg will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Artego Tg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artego Tg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Artego Tg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Artego Tg Jiu to buy it.
The correlation of Artego Tg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artego Tg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artego Tg Jiu moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Artego Tg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Artego Stock
Artego Tg financial ratios help investors to determine whether Artego Stock 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 Artego with respect to the benefits of owning Artego Tg security.