Tela Bio Stock Market Value
| TELA Stock | USD 2.94 0.07 2.33% |
| Symbol | Tela |
Tela Bio Price To Book Ratio
Is Health Care Equipment & Supplies 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 Tela Bio. If investors know Tela 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 Tela Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.69) | Revenue Per Share 2.789 | Quarterly Revenue Growth 0.259 | Return On Assets (0.41) | Return On Equity (3.42) |
The market value of Tela Bio is measured differently than its book value, which is the value of Tela that is recorded on the company's balance sheet. Investors also form their own opinion of Tela Bio's value that differs from its market value or its book value, called intrinsic value, which is Tela Bio'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 Tela Bio's market value can be influenced by many factors that don't directly affect Tela Bio'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 Tela Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tela Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tela Bio'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.
Tela Bio '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 Tela Bio'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 Tela Bio.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Tela Bio on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Tela Bio or generate 0.0% return on investment in Tela Bio over 510 days. Tela Bio is related to or competes with Sight Sciences, Tactile Systems, Clearpoint Neuro, CVRx, Neuropace, TransMedics, and Delcath Systems. TELA Bio, Inc., a commercial-stage medical technology company, focuses on providing soft-tissue reconstruction solutions... More
Tela Bio 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 Tela Bio'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 Tela Bio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 6.43 |
Tela Bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tela Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tela Bio's standard deviation. In reality, there are many statistical measures that can use Tela Bio historical prices to predict the future Tela Bio's volatility.| Risk Adjusted Performance | 0.018 | |||
| Jensen Alpha | 0.0012 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1229 |
Tela Bio Backtested Returns
At this point, Tela Bio is slightly risky. Tela Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0182, which indicates the firm had a 0.0182% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tela Bio, which you can use to evaluate the volatility of the company. Please validate Tela Bio's Semi Deviation of 2.7, coefficient of variation of 7469.07, and Risk Adjusted Performance of 0.018 to confirm if the risk estimate we provide is consistent with the expected return of 0.0622%. Tela Bio has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tela Bio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tela Bio is expected to be smaller as well. Tela Bio right now has a risk of 3.42%. Please validate Tela Bio semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Tela Bio will be following its existing price patterns.
Auto-correlation | 0.58 |
Modest predictability
Tela Bio has modest predictability. Overlapping area represents the amount of predictability between Tela Bio time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Tela Bio price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Tela Bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Tela Bio lagged returns against current returns
Autocorrelation, which is Tela Bio 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 Tela Bio's stock expected returns. We can calculate the autocorrelation of Tela Bio returns to help us make a trade decision. For example, suppose you find that Tela Bio 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 |
Tela Bio 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 Tela Bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tela Bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tela Bio stock over time.
Current vs Lagged Prices |
| Timeline |
Tela Bio Lagged Returns
When evaluating Tela Bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tela Bio stock have on its future price. Tela Bio 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, Tela Bio autocorrelation shows the relationship between Tela Bio stock current value and its past values and can show if there is a momentum factor associated with investing in Tela Bio.
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 Tela Bio offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tela Bio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tela Bio Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tela Bio Stock:Check out Tela Bio Correlation, Tela Bio Volatility and Tela Bio Alpha and Beta module to complement your research on Tela Bio. For information on how to trade Tela Stock refer to our How to Trade Tela Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Tela Bio 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.