Troops Inc Stock Market Value
| TROO Stock | USD 1.70 0.03 1.73% |
| Symbol | TROOPS |
TROOPS Inc Price To Book Ratio
Is Application Software 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 TROOPS. If investors know TROOPS 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 TROOPS listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 0.035 | Quarterly Revenue Growth (0.11) | Return On Assets (0.02) | Return On Equity (0.03) |
The market value of TROOPS Inc is measured differently than its book value, which is the value of TROOPS that is recorded on the company's balance sheet. Investors also form their own opinion of TROOPS's value that differs from its market value or its book value, called intrinsic value, which is TROOPS'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 TROOPS's market value can be influenced by many factors that don't directly affect TROOPS'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 TROOPS's value and its price as these two are different measures arrived at by different means. Investors typically determine if TROOPS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TROOPS'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.
TROOPS '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 TROOPS'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 TROOPS.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in TROOPS on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding TROOPS Inc or generate 0.0% return on investment in TROOPS over 390 days. TROOPS is related to or competes with Where Food, Waldencast Acquisition, Dave Warrants, VTEX, CS Disco, Waldencast Acquisition, and Clearwater Analytics. TROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong and Australia More
TROOPS 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 TROOPS'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 TROOPS Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 35.61 | |||
| Value At Risk | (8.49) | |||
| Potential Upside | 8.36 |
TROOPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TROOPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TROOPS's standard deviation. In reality, there are many statistical measures that can use TROOPS historical prices to predict the future TROOPS's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (2.05) | |||
| Treynor Ratio | 0.8556 |
TROOPS Inc Backtested Returns
TROOPS Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25% return per unit of standard deviation over the last 3 months. TROOPS Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TROOPS's risk adjusted performance of (0.18), and Variance of 29.87 to confirm the risk estimate we provide. The entity has a beta of -1.57, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning TROOPS are expected to decrease by larger amounts. On the other hand, during market turmoil, TROOPS is expected to outperform it. At this point, TROOPS Inc has a negative expected return of -1.41%. Please make sure to validate TROOPS's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if TROOPS Inc performance from the past will be repeated at some future point.
Auto-correlation | -0.28 |
Weak reverse predictability
TROOPS Inc has weak reverse predictability. Overlapping area represents the amount of predictability between TROOPS time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 TROOPS Inc price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current TROOPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
TROOPS Inc lagged returns against current returns
Autocorrelation, which is TROOPS 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 TROOPS's stock expected returns. We can calculate the autocorrelation of TROOPS returns to help us make a trade decision. For example, suppose you find that TROOPS 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 |
TROOPS 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 TROOPS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TROOPS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TROOPS stock over time.
Current vs Lagged Prices |
| Timeline |
TROOPS Lagged Returns
When evaluating TROOPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TROOPS stock have on its future price. TROOPS 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, TROOPS autocorrelation shows the relationship between TROOPS stock current value and its past values and can show if there is a momentum factor associated with investing in TROOPS Inc.
Regressed Prices |
| Timeline |
Pair Trading with TROOPS
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 TROOPS 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 TROOPS will appreciate offsetting losses from the drop in the long position's value.Moving against TROOPS Stock
| 0.95 | DUOL | Duolingo | PairCorr |
| 0.89 | BL | Blackline | PairCorr |
| 0.87 | DOCU | DocuSign | PairCorr |
| 0.85 | DUOT | Duos Technologies Downward Rally | PairCorr |
| 0.84 | QH | Quhuo | PairCorr |
The ability to find closely correlated positions to TROOPS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TROOPS 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 TROOPS - 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 TROOPS Inc to buy it.
The correlation of TROOPS 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 TROOPS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TROOPS Inc 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 TROOPS 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 TROOPS Correlation, TROOPS Volatility and TROOPS Alpha and Beta module to complement your research on TROOPS. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
TROOPS 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.