Textainer Group Holdings Stock Market Value
| TGHLF Stock | USD 0.73 0.03 4.29% |
| Symbol | Textainer |
Textainer Group '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 Textainer Group's otc 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 Textainer Group.
| 04/22/2024 |
| 05/22/2024 |
If you would invest 0.00 in Textainer Group on April 22, 2024 and sell it all today you would earn a total of 0.00 from holding Textainer Group Holdings or generate 0.0% return on investment in Textainer Group over 30 days. Textainer Group is related to or competes with First Tractor, Ag Growth, Arts Way, Austin Engineering, Astec Industries, Alamo, and Buhler Industries. Tornado Global Hydrovacs Ltd., through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in... More
Textainer Group 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 Textainer Group's otc 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 Textainer Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.99 | |||
| Information Ratio | 0.1888 | |||
| Maximum Drawdown | 32.41 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 8.93 |
Textainer Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Textainer Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Textainer Group's standard deviation. In reality, there are many statistical measures that can use Textainer Group historical prices to predict the future Textainer Group's volatility.| Risk Adjusted Performance | 0.1261 | |||
| Jensen Alpha | 0.9464 | |||
| Total Risk Alpha | 0.4013 | |||
| Sortino Ratio | 0.1899 | |||
| Treynor Ratio | 0.9928 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Textainer Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Textainer Group Holdings Backtested Returns
Textainer Group is abnormally volatile given 3 months investment horizon. Textainer Group Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Textainer Group Holdings Risk Adjusted Performance of 0.1261, coefficient of variation of 488.31, and Semi Deviation of 1.67 to evaluate company specific risk that cannot be diversified away. Textainer Group holds a performance score of 19 on a scale of zero to a hundred. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. Textainer Group returns are very sensitive to returns on the market. As the market goes up or down, Textainer Group is expected to follow. Use Textainer Group Holdings semi variance and the relationship between the accumulation distribution and relative strength index , to analyze future returns on Textainer Group Holdings.
Auto-correlation | 0.91 |
Excellent predictability
Textainer Group Holdings has excellent predictability. Overlapping area represents the amount of predictability between Textainer Group time series from 22nd of April 2024 to 7th of May 2024 and 7th of May 2024 to 22nd of May 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 Textainer Group Holdings price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Textainer Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Textainer Group Holdings lagged returns against current returns
Autocorrelation, which is Textainer Group otc 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 Textainer Group's otc stock expected returns. We can calculate the autocorrelation of Textainer Group returns to help us make a trade decision. For example, suppose you find that Textainer Group has exhibited high autocorrelation historically, and you observe that the otc 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 |
Textainer Group 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 Textainer Group otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Textainer Group otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Textainer Group otc stock over time.
Current vs Lagged Prices |
| Timeline |
Textainer Group Lagged Returns
When evaluating Textainer Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Textainer Group otc stock have on its future price. Textainer Group 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, Textainer Group autocorrelation shows the relationship between Textainer Group otc stock current value and its past values and can show if there is a momentum factor associated with investing in Textainer Group Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Textainer Group Correlation, Textainer Group Volatility and Textainer Group Alpha and Beta module to complement your research on Textainer Group. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Textainer OTC Stock analysis
When running Textainer Group's price analysis, check to measure Textainer Group's 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 Textainer Group is operating at the current time. Most of Textainer Group's value examination focuses on studying past and present price action to predict the probability of Textainer Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Textainer Group's price. Additionally, you may evaluate how the addition of Textainer Group to your portfolios can decrease your overall portfolio volatility.
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Textainer Group technical otc 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, otc market cycles, or different charting patterns.