Transmedics Group Stock Market Value
| TMDX Stock | USD 79.34 2.14 2.77% |
| Symbol | TransMedics |
TransMedics Group 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 TransMedics. If investors know TransMedics 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 TransMedics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.93 | Revenue Per Share 12.157 | Quarterly Revenue Growth 0.637 | Return On Assets 0.0284 | Return On Equity 0.1941 |
The market value of TransMedics Group is measured differently than its book value, which is the value of TransMedics that is recorded on the company's balance sheet. Investors also form their own opinion of TransMedics' value that differs from its market value or its book value, called intrinsic value, which is TransMedics' 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 TransMedics' market value can be influenced by many factors that don't directly affect TransMedics' 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 TransMedics' value and its price as these two are different measures arrived at by different means. Investors typically determine if TransMedics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransMedics' 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.
TransMedics '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 TransMedics' 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 TransMedics.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in TransMedics on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TransMedics Group or generate 0.0% return on investment in TransMedics over 30 days. TransMedics is related to or competes with Inspire Medical, Inari Medical, InMode, Insulet, Pulmonx Corp, Orthofix Medical, and Tela Bio. TransMedics Group, Inc., a commercial-stage medical technology company, engages in transforming organ transplant therapy... More
TransMedics 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 TransMedics' 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 TransMedics Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 39.98 | |||
| Value At Risk | (7.44) | |||
| Potential Upside | 4.04 |
TransMedics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TransMedics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TransMedics' standard deviation. In reality, there are many statistical measures that can use TransMedics historical prices to predict the future TransMedics' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.25) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TransMedics' 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.
TransMedics Group Backtested Returns
TransMedics Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. TransMedics Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TransMedics' Coefficient Of Variation of (483.29), risk adjusted performance of (0.15), and Variance of 24.98 to confirm the risk estimate we provide. The entity has a beta of 2.03, 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, TransMedics will likely underperform. At this point, TransMedics Group has a negative expected return of -1.04%. Please make sure to validate TransMedics' maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if TransMedics Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
TransMedics Group has modest predictability. Overlapping area represents the amount of predictability between TransMedics 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 TransMedics Group price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current TransMedics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 24.39 |
TransMedics Group lagged returns against current returns
Autocorrelation, which is TransMedics 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 TransMedics' stock expected returns. We can calculate the autocorrelation of TransMedics returns to help us make a trade decision. For example, suppose you find that TransMedics 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 |
TransMedics 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 TransMedics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TransMedics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TransMedics stock over time.
Current vs Lagged Prices |
| Timeline |
TransMedics Lagged Returns
When evaluating TransMedics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TransMedics stock have on its future price. TransMedics 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, TransMedics autocorrelation shows the relationship between TransMedics stock current value and its past values and can show if there is a momentum factor associated with investing in TransMedics Group.
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.Additional Tools for TransMedics Stock Analysis
When running TransMedics' price analysis, check to measure TransMedics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TransMedics is operating at the current time. Most of TransMedics' value examination focuses on studying past and present price action to predict the probability of TransMedics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TransMedics' price. Additionally, you may evaluate how the addition of TransMedics to your portfolios can decrease your overall portfolio volatility.