Tungray Technologies Class Stock Market Value
| TRSG Stock | 2.02 0.07 3.35% |
| Symbol | Tungray |
Tungray Technologies Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Tungray Technologies. If investors know Tungray 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 Tungray Technologies 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 (0.48) | Earnings Share 0.07 | Revenue Per Share | Quarterly Revenue Growth 0.147 | Return On Assets |
The market value of Tungray Technologies is measured differently than its book value, which is the value of Tungray that is recorded on the company's balance sheet. Investors also form their own opinion of Tungray Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tungray Technologies' 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 Tungray Technologies' market value can be influenced by many factors that don't directly affect Tungray Technologies' 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 Tungray Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tungray Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tungray Technologies' 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.
Tungray Technologies '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 Tungray Technologies' 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 Tungray Technologies.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Tungray Technologies on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Tungray Technologies Class or generate 0.0% return on investment in Tungray Technologies over 30 days. Tungray Technologies is related to or competes with American Airlines, RCI Hospitality, FlyExclusive,, CAVA Group,, International Consolidated, and United Airlines. Tungray Technologies is entity of United States More
Tungray Technologies 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 Tungray Technologies' 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 Tungray Technologies Class upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 38.31 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 8.85 |
Tungray Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tungray Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tungray Technologies' standard deviation. In reality, there are many statistical measures that can use Tungray Technologies historical prices to predict the future Tungray Technologies' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tungray Technologies' 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.
Tungray Technologies Backtested Returns
Tungray Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0122, which indicates the firm had a -0.0122 % return per unit of risk over the last 3 months. Tungray Technologies Class exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tungray Technologies' Coefficient Of Variation of (4,126), variance of 41.79, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tungray Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tungray Technologies is expected to be smaller as well. At this point, Tungray Technologies has a negative expected return of -0.0803%. Please make sure to validate Tungray Technologies' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Tungray Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Tungray Technologies Class has virtually no predictability. Overlapping area represents the amount of predictability between Tungray Technologies time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tungray Technologies price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Tungray Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tungray Technologies lagged returns against current returns
Autocorrelation, which is Tungray Technologies 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 Tungray Technologies' stock expected returns. We can calculate the autocorrelation of Tungray Technologies returns to help us make a trade decision. For example, suppose you find that Tungray Technologies 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 |
Tungray Technologies 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 Tungray Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tungray Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tungray Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Tungray Technologies Lagged Returns
When evaluating Tungray Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tungray Technologies stock have on its future price. Tungray Technologies 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, Tungray Technologies autocorrelation shows the relationship between Tungray Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Tungray Technologies Class.
Regressed Prices |
| Timeline |
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Check out Tungray Technologies Correlation, Tungray Technologies Volatility and Tungray Technologies Alpha and Beta module to complement your research on Tungray Technologies. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Tungray Technologies 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.