Traeger Stock Market Value
| COOK Stock | USD 2.95 0.04 1.37% |
| Symbol | Traeger |
Traeger Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Traeger. If investors know Traeger 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 Traeger listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 4.737 | Quarterly Revenue Growth 0.037 | Return On Assets (0.01) | Return On Equity (0.17) |
The market value of Traeger is measured differently than its book value, which is the value of Traeger that is recorded on the company's balance sheet. Investors also form their own opinion of Traeger's value that differs from its market value or its book value, called intrinsic value, which is Traeger'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 Traeger's market value can be influenced by many factors that don't directly affect Traeger'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 Traeger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Traeger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Traeger'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.
Traeger '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 Traeger'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 Traeger.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Traeger on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Traeger or generate 0.0% return on investment in Traeger over 720 days. Traeger is related to or competes with Natuzzi SpA, and Hamilton Beach. Traeger, Inc., together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque grills ... More
Traeger 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 Traeger'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 Traeger upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 6.21 |
Traeger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Traeger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Traeger's standard deviation. In reality, there are many statistical measures that can use Traeger historical prices to predict the future Traeger's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.19) |
Traeger Backtested Returns
Traeger 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. Traeger exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Traeger's Variance of 10.31, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,086) to confirm the risk estimate we provide. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Traeger's returns are expected to increase less than the market. However, during the bear market, the loss of holding Traeger is expected to be smaller as well. At this point, Traeger has a negative expected return of -0.39%. Please make sure to validate Traeger's variance, as well as the relationship between the potential upside and rate of daily change , to decide if Traeger performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Traeger has weak reverse predictability. Overlapping area represents the amount of predictability between Traeger time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Traeger price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Traeger price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Traeger lagged returns against current returns
Autocorrelation, which is Traeger 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 Traeger's stock expected returns. We can calculate the autocorrelation of Traeger returns to help us make a trade decision. For example, suppose you find that Traeger 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 |
Traeger 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 Traeger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Traeger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Traeger stock over time.
Current vs Lagged Prices |
| Timeline |
Traeger Lagged Returns
When evaluating Traeger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Traeger stock have on its future price. Traeger 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, Traeger autocorrelation shows the relationship between Traeger stock current value and its past values and can show if there is a momentum factor associated with investing in Traeger.
Regressed Prices |
| Timeline |
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Traeger 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.