Torm Plc Class Stock Market Value
| TRMD Stock | USD 21.68 0.03 0.14% |
| Symbol | Torm |
Torm PLC Class Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Torm PLC. If investors know Torm 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 Torm PLC 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 (0.05) | Dividend Share 5.86 | Earnings Share 8.08 | Revenue Per Share 18.109 | Quarterly Revenue Growth 0.039 |
The market value of Torm PLC Class is measured differently than its book value, which is the value of Torm that is recorded on the company's balance sheet. Investors also form their own opinion of Torm PLC's value that differs from its market value or its book value, called intrinsic value, which is Torm PLC'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 Torm PLC's market value can be influenced by many factors that don't directly affect Torm PLC'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 Torm PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Torm PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Torm PLC'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.
Torm PLC '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 Torm PLC'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 Torm PLC.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Torm PLC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Torm PLC Class or generate 0.0% return on investment in Torm PLC over 30 days. Torm PLC is related to or competes with International Seaways, Ardmore Shpng, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide More
Torm PLC 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 Torm PLC'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 Torm PLC Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 8.63 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 2.54 |
Torm PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Torm PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Torm PLC's standard deviation. In reality, there are many statistical measures that can use Torm PLC historical prices to predict the future Torm PLC's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (1.14) |
Torm PLC Class Backtested Returns
Torm PLC Class owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.34, which indicates the firm had a -0.34% return per unit of risk over the last 3 months. Torm PLC Class exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Torm PLC's Coefficient Of Variation of (313.19), variance of 5.36, and Risk Adjusted Performance of (0.24) to confirm the risk estimate we provide. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Torm PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Torm PLC is expected to be smaller as well. At this point, Torm PLC Class has a negative expected return of -0.79%. Please make sure to validate Torm PLC's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Torm PLC Class performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Torm PLC Class has good predictability. Overlapping area represents the amount of predictability between Torm PLC 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 Torm PLC Class price movement. The serial correlation of 0.66 indicates that around 66.0% of current Torm PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Torm PLC Class lagged returns against current returns
Autocorrelation, which is Torm PLC 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 Torm PLC's stock expected returns. We can calculate the autocorrelation of Torm PLC returns to help us make a trade decision. For example, suppose you find that Torm PLC 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 |
Torm PLC 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 Torm PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Torm PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Torm PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Torm PLC Lagged Returns
When evaluating Torm PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Torm PLC stock have on its future price. Torm PLC 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, Torm PLC autocorrelation shows the relationship between Torm PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Torm PLC Class.
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 Torm PLC Class is a strong investment it is important to analyze Torm PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Torm PLC's future performance. For an informed investment choice regarding Torm Stock, refer to the following important reports:Check out Torm PLC Correlation, Torm PLC Volatility and Torm PLC Alpha and Beta module to complement your research on Torm PLC. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Torm PLC 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.