Tecnoglass Stock Market Value
| TGLS Stock | USD 79.95 1.10 1.36% |
| Symbol | Tecnoglass |
Tecnoglass Price To Book Ratio
Is Construction Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tecnoglass. If investors know Tecnoglass will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tecnoglass listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.094 | Dividend Share 0.42 | Earnings Share 3.2 | Revenue Per Share 17.976 | Quarterly Revenue Growth 0.131 |
The market value of Tecnoglass is measured differently than its book value, which is the value of Tecnoglass that is recorded on the company's balance sheet. Investors also form their own opinion of Tecnoglass' value that differs from its market value or its book value, called intrinsic value, which is Tecnoglass' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tecnoglass' market value can be influenced by many factors that don't directly affect Tecnoglass' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tecnoglass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tecnoglass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tecnoglass' 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.
Tecnoglass '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 Tecnoglass' 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 Tecnoglass.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Tecnoglass on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Tecnoglass or generate 0.0% return on investment in Tecnoglass over 420 days. Tecnoglass is related to or competes with Atkore International, Clearfield, Lantheus Holdings, Allegro Microsystems, and Titan Machinery. Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commer... More
Tecnoglass 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 Tecnoglass' 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 Tecnoglass upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.17 |
Tecnoglass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tecnoglass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tecnoglass' standard deviation. In reality, there are many statistical measures that can use Tecnoglass historical prices to predict the future Tecnoglass' volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 0.2523 | |||
| Total Risk Alpha | 0.0266 | |||
| Sortino Ratio | 0.1091 | |||
| Treynor Ratio | 0.3035 |
Tecnoglass Backtested Returns
Tecnoglass appears to be very steady, given 3 months investment horizon. Tecnoglass owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tecnoglass, which you can use to evaluate the volatility of the company. Please review Tecnoglass' Risk Adjusted Performance of 0.1323, coefficient of variation of 609.57, and Semi Deviation of 2.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tecnoglass holds a performance score of 15. The entity has a beta of 1.33, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tecnoglass will likely underperform. Please check Tecnoglass' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Tecnoglass' existing price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Tecnoglass has very good predictability. Overlapping area represents the amount of predictability between Tecnoglass time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Tecnoglass price movement. The serial correlation of 0.81 indicates that around 81.0% of current Tecnoglass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 109.99 |
Tecnoglass lagged returns against current returns
Autocorrelation, which is Tecnoglass 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 Tecnoglass' stock expected returns. We can calculate the autocorrelation of Tecnoglass returns to help us make a trade decision. For example, suppose you find that Tecnoglass 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 |
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Tecnoglass 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 Tecnoglass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tecnoglass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tecnoglass stock over time.
Current vs Lagged Prices |
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Tecnoglass Lagged Returns
When evaluating Tecnoglass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tecnoglass stock have on its future price. Tecnoglass 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, Tecnoglass autocorrelation shows the relationship between Tecnoglass stock current value and its past values and can show if there is a momentum factor associated with investing in Tecnoglass.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tecnoglass Stock Analysis
When running Tecnoglass' price analysis, check to measure Tecnoglass' 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 Tecnoglass is operating at the current time. Most of Tecnoglass' value examination focuses on studying past and present price action to predict the probability of Tecnoglass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tecnoglass' price. Additionally, you may evaluate how the addition of Tecnoglass to your portfolios can decrease your overall portfolio volatility.