Trugolf Stock Market Value
| TRUG Stock | 0.57 0.03 5.00% |
| Symbol | Trugolf |
Trugolf Price To Book Ratio
Is Interactive Home Entertainment 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 Trugolf. If investors know Trugolf 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 Trugolf listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Trugolf is measured differently than its book value, which is the value of Trugolf that is recorded on the company's balance sheet. Investors also form their own opinion of Trugolf's value that differs from its market value or its book value, called intrinsic value, which is Trugolf'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 Trugolf's market value can be influenced by many factors that don't directly affect Trugolf'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 Trugolf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trugolf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trugolf'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.
Trugolf '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 Trugolf'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 Trugolf.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Trugolf on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Trugolf or generate 0.0% return on investment in Trugolf over 30 days. Trugolf is related to or competes with Boot Barn, Victorias Secret, Jerash Holdings, ZhongAn Online, Kontoor Brands, Xunlei, and QuinStreet. Trugolf is entity of United States. It is traded as Stock on NASDAQ exchange. More
Trugolf 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 Trugolf'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 Trugolf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.47 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 84.15 | |||
| Value At Risk | (20.51) | |||
| Potential Upside | 25.76 |
Trugolf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trugolf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trugolf's standard deviation. In reality, there are many statistical measures that can use Trugolf historical prices to predict the future Trugolf's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0051 | |||
| Treynor Ratio | 0.0245 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trugolf's 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.
Trugolf Backtested Returns
Trugolf appears to be out of control, given 3 months investment horizon. Trugolf owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0178, which indicates the firm had a 0.0178% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Trugolf, which you can use to evaluate the volatility of the company. Please review Trugolf's Semi Deviation of 9.63, risk adjusted performance of 0.0146, and Coefficient Of Variation of 15914.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trugolf holds a performance score of 1. The entity has a beta of 2.99, 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, Trugolf will likely underperform. Please check Trugolf's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Trugolf's existing price patterns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Trugolf has excellent reverse predictability. Overlapping area represents the amount of predictability between Trugolf time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Trugolf price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Trugolf price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Trugolf lagged returns against current returns
Autocorrelation, which is Trugolf 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 Trugolf's stock expected returns. We can calculate the autocorrelation of Trugolf returns to help us make a trade decision. For example, suppose you find that Trugolf 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 |
Trugolf 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 Trugolf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trugolf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trugolf stock over time.
Current vs Lagged Prices |
| Timeline |
Trugolf Lagged Returns
When evaluating Trugolf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trugolf stock have on its future price. Trugolf 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, Trugolf autocorrelation shows the relationship between Trugolf stock current value and its past values and can show if there is a momentum factor associated with investing in Trugolf.
Regressed Prices |
| Timeline |
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Check out Trugolf Correlation, Trugolf Volatility and Trugolf Alpha and Beta module to complement your research on Trugolf. For more detail on how to invest in Trugolf Stock please use our How to Invest in Trugolf guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Trugolf 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.