Taitron Components Incorporated Stock Market Value
| TAIT Stock | USD 2.61 0.01 0.38% |
| Symbol | Taitron |
Taitron Components Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Taitron Components. If investors know Taitron 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 Taitron Components listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.24) | Earnings Share 0.23 | Revenue Per Share | Quarterly Revenue Growth (0.18) | Return On Assets |
The market value of Taitron Components is measured differently than its book value, which is the value of Taitron that is recorded on the company's balance sheet. Investors also form their own opinion of Taitron Components' value that differs from its market value or its book value, called intrinsic value, which is Taitron Components' 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 Taitron Components' market value can be influenced by many factors that don't directly affect Taitron Components' 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 Taitron Components' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taitron Components is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taitron Components' 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.
Taitron Components '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 Taitron Components' 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 Taitron Components.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Taitron Components on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Taitron Components Incorporated or generate 0.0% return on investment in Taitron Components over 30 days. Taitron Components is related to or competes with PC Connection, ScanSource, Insight Enterprises, Synnex, Climb Global, Arrow Electronics, and Avnet. Taitron Components Incorporated engages in the supply of original designed and manufactured electronic components, and d... More
Taitron Components 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 Taitron Components' 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 Taitron Components Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.79 |
Taitron Components Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taitron Components' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taitron Components' standard deviation. In reality, there are many statistical measures that can use Taitron Components historical prices to predict the future Taitron Components' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.90) |
Taitron Components Backtested Returns
Taitron Components owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0632, which indicates the firm had a -0.0632 % return per unit of risk over the last 3 months. Taitron Components Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taitron Components' Risk Adjusted Performance of (0.04), coefficient of variation of (1,995), and Variance of 1.93 to confirm the risk estimate we provide. The entity has a beta of 0.0882, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taitron Components' returns are expected to increase less than the market. However, during the bear market, the loss of holding Taitron Components is expected to be smaller as well. At this point, Taitron Components has a negative expected return of -0.0879%. Please make sure to validate Taitron Components' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Taitron Components performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Taitron Components Incorporated has very good reverse predictability. Overlapping area represents the amount of predictability between Taitron Components time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 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 Taitron Components price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Taitron Components price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Taitron Components lagged returns against current returns
Autocorrelation, which is Taitron Components 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 Taitron Components' stock expected returns. We can calculate the autocorrelation of Taitron Components returns to help us make a trade decision. For example, suppose you find that Taitron Components 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 |
Taitron Components 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 Taitron Components stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taitron Components stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taitron Components stock over time.
Current vs Lagged Prices |
| Timeline |
Taitron Components Lagged Returns
When evaluating Taitron Components' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taitron Components stock have on its future price. Taitron Components 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, Taitron Components autocorrelation shows the relationship between Taitron Components stock current value and its past values and can show if there is a momentum factor associated with investing in Taitron Components Incorporated.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Taitron Stock Analysis
When running Taitron Components' price analysis, check to measure Taitron Components' 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 Taitron Components is operating at the current time. Most of Taitron Components' value examination focuses on studying past and present price action to predict the probability of Taitron Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taitron Components' price. Additionally, you may evaluate how the addition of Taitron Components to your portfolios can decrease your overall portfolio volatility.