Talga Group Stock Market Value
| TLGRF Stock | USD 0.30 0.02 7.14% |
| Symbol | Talga |
Talga '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 Talga's pink sheet 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 Talga.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Talga on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Talga Group or generate 0.0% return on investment in Talga over 30 days. Talga is related to or competes with IGO, Mineral Res, and Adriatic Metals. Talga Group Ltd, a battery anode and graphene additives company, engages in the exploration, development, and commercial... More
Talga 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 Talga's pink sheet 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 Talga Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.37 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 59.52 | |||
| Value At Risk | (13.79) | |||
| Potential Upside | 13.64 |
Talga Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Talga's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Talga's standard deviation. In reality, there are many statistical measures that can use Talga historical prices to predict the future Talga's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.6386 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0655 | |||
| Treynor Ratio | (177.30) |
Talga Group Backtested Returns
Talga appears to be out of control, given 3 months investment horizon. Talga Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the firm had a 0.0677% return per unit of risk over the last 3 months. By inspecting Talga's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Talga's Semi Deviation of 7.04, risk adjusted performance of 0.0578, and Coefficient Of Variation of 1493.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Talga holds a performance score of 5. The entity has a beta of -0.0036, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Talga are expected to decrease at a much lower rate. During the bear market, Talga is likely to outperform the market. Please check Talga's treynor ratio and the relationship between the downside variance and day median price , to make a quick decision on whether Talga's existing price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Talga Group has poor predictability. Overlapping area represents the amount of predictability between Talga 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 Talga Group price movement. The serial correlation of 0.25 indicates that over 25.0% of current Talga price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Talga Group lagged returns against current returns
Autocorrelation, which is Talga pink sheet'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 Talga's pink sheet expected returns. We can calculate the autocorrelation of Talga returns to help us make a trade decision. For example, suppose you find that Talga has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Talga 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 Talga pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Talga pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Talga pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Talga Lagged Returns
When evaluating Talga's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Talga pink sheet have on its future price. Talga 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, Talga autocorrelation shows the relationship between Talga pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Talga Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Talga Pink Sheet
Talga financial ratios help investors to determine whether Talga Pink Sheet 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 Talga with respect to the benefits of owning Talga security.