TGN Etf Forecast - Treynor Ratio
| TGN Etf | 31.78 0.00 0.00% |
TGN Etf Forecast is based on your current time horizon.
TGN |
| Check TGN Volatility | Backtest TGN | Information Ratio |
TGN Trading Date Momentum
| On September 22 2024 TGN was traded for 31.78 at the closing time. Highest TGN's price during the trading hours was 31.78 and the lowest price during the day was 31.78 . There was no trading activity during the period 0.0. Lack of trading volume on the 22nd of September did not result in any price rise and fall. The trading price change to current price is 0.00% . |
TGN Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TGN etf to make a market-neutral strategy. Peer analysis of TGN could also be used in its relative valuation, which is a method of valuing TGN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TGN Market Strength Events
Market strength indicators help investors to evaluate how TGN etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TGN shares will generate the highest return on investment. By undertsting and applying TGN etf market strength indicators, traders can identify TGN entry and exit signals to maximize returns.
TGN Risk Indicators
The analysis of TGN's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in TGN's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tgn etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.642 | |||
| Semi Deviation | 0.7764 | |||
| Standard Deviation | 0.8162 | |||
| Variance | 0.6662 | |||
| Downside Variance | 0.7541 | |||
| Semi Variance | 0.6028 | |||
| Expected Short fall | (0.66) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with TGN
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 TGN 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 TGN will appreciate offsetting losses from the drop in the long position's value.Moving together with TGN Etf
| 0.81 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 0.7 | VTV | Vanguard Value Index Sell-off Trend | PairCorr |
Moving against TGN Etf
| 0.66 | WGMI | Valkyrie Bitcoin Miners | PairCorr |
| 0.35 | HPQ | HP Inc Fiscal Year End 19th of November 2024 | PairCorr |
The ability to find closely correlated positions to TGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TGN 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 TGN - 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 TGN to buy it.
The correlation of TGN 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 TGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TGN 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 TGN 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.Additional Information and Resources on Investing in TGN Etf
When determining whether TGN offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TGN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tgn Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tgn Etf:Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
The market value of TGN is measured differently than its book value, which is the value of TGN that is recorded on the company's balance sheet. Investors also form their own opinion of TGN's value that differs from its market value or its book value, called intrinsic value, which is TGN'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 TGN's market value can be influenced by many factors that don't directly affect TGN'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 TGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if TGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TGN'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.