Thermo Fisher Scientific Stock Market Value
| TMO Stock | USD 516.10 3.26 0.64% |
| Symbol | Thermo |
Thermo Fisher Scientific Price To Book Ratio
Is Life Sciences Tools & Services 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 Thermo Fisher. If investors know Thermo 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 Thermo Fisher 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 (0.04) | Dividend Share 1.52 | Earnings Share 15.95 | Revenue Per Share 110.627 | Quarterly Revenue Growth 0.002 |
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher'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 Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher'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 Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher'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.
Thermo Fisher '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 Thermo Fisher'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 Thermo Fisher.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Thermo Fisher on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Thermo Fisher Scientific or generate 0.0% return on investment in Thermo Fisher over 30 days. Thermo Fisher is related to or competes with Agilent Technologies, IDEXX Laboratories, Illumina, Waters, Danaher, Guardant Health, and Mettler Toledo. Thermo Fisher Scientific Inc. offers life sciences solutions, analytical instruments, specialty diagnostics, and laborat... More
Thermo Fisher 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 Thermo Fisher'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 Thermo Fisher Scientific upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.56 |
Thermo Fisher Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermo Fisher's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermo Fisher's standard deviation. In reality, there are many statistical measures that can use Thermo Fisher historical prices to predict the future Thermo Fisher's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.41) |
Thermo Fisher Scientific Backtested Returns
Thermo Fisher Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Thermo Fisher Scientific exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermo Fisher's Variance of 1.42, coefficient of variation of (486.35), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thermo Fisher's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thermo Fisher is expected to be smaller as well. At this point, Thermo Fisher Scientific has a negative expected return of -0.24%. Please make sure to validate Thermo Fisher's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Thermo Fisher Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Thermo Fisher Scientific has weak predictability. Overlapping area represents the amount of predictability between Thermo Fisher 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 Thermo Fisher Scientific price movement. The serial correlation of 0.23 indicates that over 23.0% of current Thermo Fisher price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 323.77 |
Thermo Fisher Scientific lagged returns against current returns
Autocorrelation, which is Thermo Fisher 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 Thermo Fisher's stock expected returns. We can calculate the autocorrelation of Thermo Fisher returns to help us make a trade decision. For example, suppose you find that Thermo Fisher 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 |
Thermo Fisher 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 Thermo Fisher stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermo Fisher stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermo Fisher stock over time.
Current vs Lagged Prices |
| Timeline |
Thermo Fisher Lagged Returns
When evaluating Thermo Fisher's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermo Fisher stock have on its future price. Thermo Fisher 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, Thermo Fisher autocorrelation shows the relationship between Thermo Fisher stock current value and its past values and can show if there is a momentum factor associated with investing in Thermo Fisher Scientific.
Regressed Prices |
| Timeline |
Pair Trading with Thermo Fisher
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 Thermo Fisher 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 Thermo Fisher will appreciate offsetting losses from the drop in the long position's value.Moving together with Thermo Stock
| 0.77 | A | Agilent Technologies Earnings Call This Week | PairCorr |
| 0.9 | ME | 23Andme Holding | PairCorr |
| 0.71 | VALN | Valneva SE ADR Downward Rally | PairCorr |
Moving against Thermo Stock
| 0.87 | EXEL | Exelixis | PairCorr |
| 0.84 | BMY | Bristol Myers Squibb | PairCorr |
| 0.66 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.45 | KTTAW | Pasithea Therapeutics | PairCorr |
The ability to find closely correlated positions to Thermo Fisher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermo Fisher 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 Thermo Fisher - 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 Thermo Fisher Scientific to buy it.
The correlation of Thermo Fisher 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 Thermo Fisher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermo Fisher Scientific 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 Thermo Fisher 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 Thermo Fisher Correlation, Thermo Fisher Volatility and Thermo Fisher Alpha and Beta module to complement your research on Thermo Fisher. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Thermo Fisher 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.