Tigi (Israel) Market Value
| TIGI Stock | ILA 787.80 19.10 2.37% |
| Symbol | Tigi |
Tigi '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 Tigi'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 Tigi.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Tigi on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Tigi or generate 0.0% return on investment in Tigi over 30 days. Tigi is related to or competes with OY Nofar, Apollo Power, Solaer Israel, Sunflow Sustain, and . Tigi Ltd. manufactures heating, ventilation, air-conditioning, and cooling equipment More
Tigi 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 Tigi'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 Tigi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.1 | |||
| Value At Risk | (6.40) | |||
| Potential Upside | 11.72 |
Tigi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tigi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tigi's standard deviation. In reality, there are many statistical measures that can use Tigi historical prices to predict the future Tigi's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0547 |
Tigi Backtested Returns
Tigi appears to be very steady, given 3 months investment horizon. Tigi 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 Tigi's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Tigi's Semi Deviation of 3.42, risk adjusted performance of 0.0118, and Coefficient Of Variation of 22015.52 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tigi holds a performance score of 10. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tigi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tigi is expected to be smaller as well. Please check Tigi's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Tigi's existing price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Tigi has good reverse predictability. Overlapping area represents the amount of predictability between Tigi time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Tigi price movement. The serial correlation of -0.54 indicates that about 54.0% of current Tigi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 3256.83 |
Tigi lagged returns against current returns
Autocorrelation, which is Tigi 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 Tigi's stock expected returns. We can calculate the autocorrelation of Tigi returns to help us make a trade decision. For example, suppose you find that Tigi 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 |
Tigi 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 Tigi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tigi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tigi stock over time.
Current vs Lagged Prices |
| Timeline |
Tigi Lagged Returns
When evaluating Tigi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tigi stock have on its future price. Tigi 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, Tigi autocorrelation shows the relationship between Tigi stock current value and its past values and can show if there is a momentum factor associated with investing in Tigi.
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 Tigi Stock
Tigi financial ratios help investors to determine whether Tigi 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 Tigi with respect to the benefits of owning Tigi security.