Trubridge Stock Market Value
| TBRG Stock | USD 16.54 0.53 3.31% |
| Symbol | TruBridge |
TruBridge Price To Book Ratio
Is Health Care Technology 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 TruBridge. If investors know TruBridge 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 TruBridge 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 (0.62) | Earnings Share (4.09) | Revenue Per Share 23.665 | Quarterly Revenue Growth 0.014 | Return On Assets (0.01) |
The market value of TruBridge is measured differently than its book value, which is the value of TruBridge that is recorded on the company's balance sheet. Investors also form their own opinion of TruBridge's value that differs from its market value or its book value, called intrinsic value, which is TruBridge'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 TruBridge's market value can be influenced by many factors that don't directly affect TruBridge'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 TruBridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if TruBridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TruBridge'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.
TruBridge '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 TruBridge'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 TruBridge.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in TruBridge on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TruBridge or generate 0.0% return on investment in TruBridge over 30 days. TruBridge is related to or competes with Spyre Therapeutics, Sonida Senior, Cumberland Pharmaceuticals, Genfit, Amgen, Tarsus Pharmaceuticals, and HUTCHMED DRC. Thunder Bridge Acquisition, Ltd. does not have significant operations More
TruBridge 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 TruBridge'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 TruBridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1212 | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 4.3 |
TruBridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TruBridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TruBridge's standard deviation. In reality, there are many statistical measures that can use TruBridge historical prices to predict the future TruBridge's volatility.| Risk Adjusted Performance | 0.137 | |||
| Jensen Alpha | 0.3655 | |||
| Total Risk Alpha | 0.0793 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | 58.11 |
TruBridge Backtested Returns
TruBridge appears to be not too volatile, given 3 months investment horizon. TruBridge owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for TruBridge, which you can use to evaluate the volatility of the company. Please review TruBridge's Risk Adjusted Performance of 0.137, coefficient of variation of 584.72, and Semi Deviation of 1.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TruBridge holds a performance score of 17. The entity has a beta of 0.0063, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TruBridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding TruBridge is expected to be smaller as well. Please check TruBridge's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether TruBridge's existing price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
TruBridge has below average predictability. Overlapping area represents the amount of predictability between TruBridge 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 TruBridge price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current TruBridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
TruBridge lagged returns against current returns
Autocorrelation, which is TruBridge 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 TruBridge's stock expected returns. We can calculate the autocorrelation of TruBridge returns to help us make a trade decision. For example, suppose you find that TruBridge 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 |
TruBridge 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 TruBridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TruBridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TruBridge stock over time.
Current vs Lagged Prices |
| Timeline |
TruBridge Lagged Returns
When evaluating TruBridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TruBridge stock have on its future price. TruBridge 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, TruBridge autocorrelation shows the relationship between TruBridge stock current value and its past values and can show if there is a momentum factor associated with investing in TruBridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TruBridge is a strong investment it is important to analyze TruBridge's 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 TruBridge's future performance. For an informed investment choice regarding TruBridge Stock, refer to the following important reports:Check out TruBridge Correlation, TruBridge Volatility and TruBridge Alpha and Beta module to complement your research on TruBridge. For more detail on how to invest in TruBridge Stock please use our How to Invest in TruBridge guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
TruBridge 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.