Tigo Energy Stock Market Value
| TYGO Stock | 0.85 0.14 14.14% |
| Symbol | Tigo |
Tigo Energy Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Tigo Energy. If investors know Tigo 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 Tigo Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 0.768 | Quarterly Revenue Growth (0.17) | Return On Assets (0.21) | Return On Equity (0.93) |
The market value of Tigo Energy is measured differently than its book value, which is the value of Tigo that is recorded on the company's balance sheet. Investors also form their own opinion of Tigo Energy's value that differs from its market value or its book value, called intrinsic value, which is Tigo Energy's 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 Tigo Energy's market value can be influenced by many factors that don't directly affect Tigo Energy's 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 Tigo Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tigo Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tigo Energy'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.
Tigo Energy '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 Tigo Energy'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 Tigo Energy.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tigo Energy on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tigo Energy or generate 0.0% return on investment in Tigo Energy over 60 days. Tigo Energy is related to or competes with Vera Bradley, Citi Trends, Skechers USA, Cadence Design, American Eagle, Figs, and Victorias Secret. Tigo Energy is entity of United States. It is traded as Stock on NASDAQ exchange. More
Tigo Energy 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 Tigo Energy'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 Tigo Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 33.24 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 9.68 |
Tigo Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tigo Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tigo Energy's standard deviation. In reality, there are many statistical measures that can use Tigo Energy historical prices to predict the future Tigo Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | (0.14) |
Tigo Energy Backtested Returns
Tigo Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0586, which indicates the firm had a -0.0586% return per unit of risk over the last 3 months. Tigo Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tigo Energy's Risk Adjusted Performance of (0.03), coefficient of variation of (1,814), and Variance of 32.73 to confirm the risk estimate we provide. The entity has a beta of 2.26, 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, Tigo Energy will likely underperform. At this point, Tigo Energy has a negative expected return of -0.33%. Please make sure to validate Tigo Energy's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Tigo Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Tigo Energy has good predictability. Overlapping area represents the amount of predictability between Tigo Energy time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Tigo Energy price movement. The serial correlation of 0.77 indicates that around 77.0% of current Tigo Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tigo Energy lagged returns against current returns
Autocorrelation, which is Tigo Energy 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 Tigo Energy's stock expected returns. We can calculate the autocorrelation of Tigo Energy returns to help us make a trade decision. For example, suppose you find that Tigo Energy 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 |
Tigo Energy 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 Tigo Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tigo Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tigo Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Tigo Energy Lagged Returns
When evaluating Tigo Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tigo Energy stock have on its future price. Tigo Energy 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, Tigo Energy autocorrelation shows the relationship between Tigo Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Tigo Energy.
Regressed Prices |
| Timeline |
Pair Trading with Tigo Energy
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 Tigo Energy 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 Tigo Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Tigo Stock
| 0.77 | RMBS | Rambus Inc | PairCorr |
| 0.65 | CAN | Canaan Inc Aggressive Push | PairCorr |
| 0.48 | SITM | Sitime | PairCorr |
| 0.32 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Tigo Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tigo Energy 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 Tigo Energy - 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 Tigo Energy to buy it.
The correlation of Tigo Energy 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 Tigo Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tigo Energy 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 Tigo Energy 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.Check out Tigo Energy Correlation, Tigo Energy Volatility and Tigo Energy Alpha and Beta module to complement your research on Tigo Energy. To learn how to invest in Tigo Stock, please use our How to Invest in Tigo Energy guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Tigo Energy 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.