Titan Machinery Stock Market Value
| TITN Stock | USD 15.42 0.28 1.85% |
| Symbol | Titan |
Titan Machinery Price To Book Ratio
Is Trading Companies & Distributors 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 Titan Machinery. If investors know Titan 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 Titan Machinery 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 (0.66) | Earnings Share 2.59 | Revenue Per Share 124.573 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0424 |
The market value of Titan Machinery is measured differently than its book value, which is the value of Titan that is recorded on the company's balance sheet. Investors also form their own opinion of Titan Machinery's value that differs from its market value or its book value, called intrinsic value, which is Titan Machinery'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 Titan Machinery's market value can be influenced by many factors that don't directly affect Titan Machinery'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 Titan Machinery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Titan Machinery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Titan Machinery'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.
Titan Machinery '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 Titan Machinery'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 Titan Machinery.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Titan Machinery on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Titan Machinery or generate 0.0% return on investment in Titan Machinery over 30 days. Titan Machinery is related to or competes with Global Industrial, WESCO International, and MSC Industrial. Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the U... More
Titan Machinery 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 Titan Machinery'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 Titan Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.018 | |||
| Maximum Drawdown | 19.53 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 5.83 |
Titan Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Titan Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Titan Machinery's standard deviation. In reality, there are many statistical measures that can use Titan Machinery historical prices to predict the future Titan Machinery's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0197 | |||
| Treynor Ratio | 0.0634 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Titan Machinery's 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.
Titan Machinery Backtested Returns
As of now, Titan Stock is not too volatile. Titan Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0508, which indicates the firm had a 0.0508% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Titan Machinery, which you can use to evaluate the volatility of the company. Please validate Titan Machinery's Risk Adjusted Performance of 0.0532, coefficient of variation of 1680.55, and Semi Deviation of 2.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Titan Machinery has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 2.8, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Titan Machinery will likely underperform. Titan Machinery right now has a risk of 3.17%. Please validate Titan Machinery downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Titan Machinery will be following its existing price patterns.
Auto-correlation | 0.31 |
Below average predictability
Titan Machinery has below average predictability. Overlapping area represents the amount of predictability between Titan Machinery time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Titan Machinery price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Titan Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Titan Machinery lagged returns against current returns
Autocorrelation, which is Titan Machinery 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 Titan Machinery's stock expected returns. We can calculate the autocorrelation of Titan Machinery returns to help us make a trade decision. For example, suppose you find that Titan Machinery 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 |
Titan Machinery 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 Titan Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Titan Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Titan Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Titan Machinery Lagged Returns
When evaluating Titan Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Titan Machinery stock have on its future price. Titan Machinery 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, Titan Machinery autocorrelation shows the relationship between Titan Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Titan Machinery.
Regressed Prices |
| Timeline |
Pair Trading with Titan Machinery
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Titan Machinery position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Titan Machinery will appreciate offsetting losses from the drop in the long position's value.Moving together with Titan Stock
The ability to find closely correlated positions to Titan Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Titan Machinery when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Titan Machinery - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Titan Machinery to buy it.
The correlation of Titan Machinery is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Titan Machinery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Titan Machinery moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Titan Machinery can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Titan Machinery Correlation, Titan Machinery Volatility and Titan Machinery Alpha and Beta module to complement your research on Titan Machinery. To learn how to invest in Titan Stock, please use our How to Invest in Titan Machinery guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Titan Machinery 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.