Taylor Devices Stock Market Value
| TAYD Stock | USD 46.40 0.09 0.19% |
| Symbol | Taylor |
Taylor Devices Price To Book Ratio
Is Industrial Machinery & Supplies & 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 Taylor Devices. If investors know Taylor 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 Taylor Devices 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 0.629 | Earnings Share 2.91 | Revenue Per Share 14.228 | Quarterly Revenue Growth 0.171 | Return On Assets 0.1071 |
The market value of Taylor Devices is measured differently than its book value, which is the value of Taylor that is recorded on the company's balance sheet. Investors also form their own opinion of Taylor Devices' value that differs from its market value or its book value, called intrinsic value, which is Taylor Devices' 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 Taylor Devices' market value can be influenced by many factors that don't directly affect Taylor Devices' 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 Taylor Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taylor Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taylor Devices' 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.
Taylor Devices '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 Taylor Devices' 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 Taylor Devices.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Taylor Devices on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Taylor Devices or generate 0.0% return on investment in Taylor Devices over 30 days. Taylor Devices is related to or competes with Tennant, Kadant, Enpro Industries, Luxfer Holdings, CSW Industrials, Watts Water, and Enerpac Tool. Taylor Devices, Inc. engages in design, development, manufacture, and marketing of shock absorption, rate control, and e... More
Taylor Devices 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 Taylor Devices' 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 Taylor Devices upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.59 | |||
| Value At Risk | (7.70) | |||
| Potential Upside | 5.81 |
Taylor Devices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taylor Devices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taylor Devices' standard deviation. In reality, there are many statistical measures that can use Taylor Devices historical prices to predict the future Taylor Devices' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.3145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taylor Devices' 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.
Taylor Devices Backtested Returns
Taylor Devices owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0231, which indicates the firm had a -0.0231% return per unit of risk over the last 3 months. Taylor Devices exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taylor Devices' Coefficient Of Variation of (6,508), insignificant risk adjusted performance, and Variance of 21.0 to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taylor Devices are expected to decrease at a much lower rate. During the bear market, Taylor Devices is likely to outperform the market. At this point, Taylor Devices has a negative expected return of -0.11%. Please make sure to validate Taylor Devices' value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Taylor Devices performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Taylor Devices has insignificant predictability. Overlapping area represents the amount of predictability between Taylor Devices time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Taylor Devices price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Taylor Devices price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.87 |
Taylor Devices lagged returns against current returns
Autocorrelation, which is Taylor Devices 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 Taylor Devices' stock expected returns. We can calculate the autocorrelation of Taylor Devices returns to help us make a trade decision. For example, suppose you find that Taylor Devices 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 |
Taylor Devices 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 Taylor Devices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taylor Devices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taylor Devices stock over time.
Current vs Lagged Prices |
| Timeline |
Taylor Devices Lagged Returns
When evaluating Taylor Devices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taylor Devices stock have on its future price. Taylor Devices 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, Taylor Devices autocorrelation shows the relationship between Taylor Devices stock current value and its past values and can show if there is a momentum factor associated with investing in Taylor Devices.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Taylor Devices is a strong investment it is important to analyze Taylor Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Taylor Devices' future performance. For an informed investment choice regarding Taylor Stock, refer to the following important reports:Check out Taylor Devices Correlation, Taylor Devices Volatility and Taylor Devices Alpha and Beta module to complement your research on Taylor Devices. For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Taylor Devices 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.