Treace Medical Concepts Stock Market Value
| TMCI Stock | USD 8.29 0.46 5.87% |
| Symbol | Treace |
Treace Medical Concepts 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 Treace Medical. If investors know Treace 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 Treace Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 3.274 | Quarterly Revenue Growth 0.106 | Return On Assets (0.17) | Return On Equity (0.51) |
The market value of Treace Medical Concepts is measured differently than its book value, which is the value of Treace that is recorded on the company's balance sheet. Investors also form their own opinion of Treace Medical's value that differs from its market value or its book value, called intrinsic value, which is Treace Medical'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 Treace Medical's market value can be influenced by many factors that don't directly affect Treace Medical'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 Treace Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Treace Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Treace Medical'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.
Treace Medical '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 Treace Medical'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 Treace Medical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Treace Medical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Treace Medical Concepts or generate 0.0% return on investment in Treace Medical over 30 days. Treace Medical is related to or competes with Rxsight, Axogen, Pulmonx Corp, Orthofix Medical, Orthopediatrics Corp, Integer Holdings, and CONMED. Treace Medical Concepts, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing o... More
Treace Medical 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 Treace Medical'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 Treace Medical Concepts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0645 | |||
| Maximum Drawdown | 38.73 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 6.08 |
Treace Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Treace Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Treace Medical's standard deviation. In reality, there are many statistical measures that can use Treace Medical historical prices to predict the future Treace Medical's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.1224 | |||
| Treynor Ratio | 0.1082 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Treace Medical'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.
Treace Medical Concepts Backtested Returns
Treace Medical appears to be slightly risky, given 3 months investment horizon. Treace Medical Concepts owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. By inspecting Treace Medical's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Treace Medical's Coefficient Of Variation of 1133.51, risk adjusted performance of 0.0763, and Semi Deviation of 2.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Treace Medical holds a performance score of 8. The entity has a beta of 4.4, 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, Treace Medical will likely underperform. Please check Treace Medical's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Treace Medical's existing price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Treace Medical Concepts has below average predictability. Overlapping area represents the amount of predictability between Treace Medical time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Treace Medical Concepts price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Treace Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Treace Medical Concepts lagged returns against current returns
Autocorrelation, which is Treace Medical 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 Treace Medical's stock expected returns. We can calculate the autocorrelation of Treace Medical returns to help us make a trade decision. For example, suppose you find that Treace Medical 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 |
Treace Medical 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 Treace Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Treace Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Treace Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Treace Medical Lagged Returns
When evaluating Treace Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Treace Medical stock have on its future price. Treace Medical 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, Treace Medical autocorrelation shows the relationship between Treace Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Treace Medical Concepts.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Treace Medical Concepts offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Treace Medical'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 Treace Medical Concepts Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Treace Medical Concepts Stock:Check out Treace Medical Correlation, Treace Medical Volatility and Treace Medical Alpha and Beta module to complement your research on Treace Medical. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Treace Medical 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.