Towngas China Stock Market Value
| TGASF Stock | USD 0.45 0.00 0.00% |
| Symbol | Towngas |
Towngas China '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 Towngas China'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 Towngas China.
| 04/26/2025 |
| 07/25/2025 |
If you would invest 0.00 in Towngas China on April 26, 2025 and sell it all today you would earn a total of 0.00 from holding Towngas China or generate 0.0% return on investment in Towngas China over 90 days. Towngas China is related to or competes with UGI, NewJersey Resources, Chesapeake Utilities, NiSource, and One Gas. Towngas Smart Energy Company Limited, an investment holding company, sells and distributes piped gas in the Peoples Repu... More
Towngas China 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 Towngas China'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 Towngas China upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.5 |
Towngas China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Towngas China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Towngas China's standard deviation. In reality, there are many statistical measures that can use Towngas China historical prices to predict the future Towngas China's volatility.| Risk Adjusted Performance | 0.1104 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.195 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Towngas China'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.
Towngas China Backtested Returns
Towngas China appears to be extremely dangerous, given 3 months investment horizon. Towngas China owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Towngas China, which you can use to evaluate the volatility of the company. Please review Towngas China's Risk Adjusted Performance of 0.1104, variance of 2.52, and Coefficient Of Variation of 787.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Towngas China holds a performance score of 10. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. Towngas China returns are very sensitive to returns on the market. As the market goes up or down, Towngas China is expected to follow. Please check Towngas China's standard deviation, as well as the relationship between the maximum drawdown and day median price , to make a quick decision on whether Towngas China's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Towngas China has no correlation between past and present. Overlapping area represents the amount of predictability between Towngas China time series from 26th of April 2025 to 10th of June 2025 and 10th of June 2025 to 25th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Towngas China price movement. The serial correlation of 0.0 indicates that just 0.0% of current Towngas China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Towngas China lagged returns against current returns
Autocorrelation, which is Towngas China 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 Towngas China's pink sheet expected returns. We can calculate the autocorrelation of Towngas China returns to help us make a trade decision. For example, suppose you find that Towngas China 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 |
Towngas China 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 Towngas China pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Towngas China pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Towngas China pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Towngas China Lagged Returns
When evaluating Towngas China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Towngas China pink sheet have on its future price. Towngas China 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, Towngas China autocorrelation shows the relationship between Towngas China pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Towngas China.
Regressed Prices |
| Timeline |
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Other Information on Investing in Towngas Pink Sheet
Towngas China financial ratios help investors to determine whether Towngas 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 Towngas with respect to the benefits of owning Towngas China security.