Twin Disc Incorporated Stock Market Value
| TWIN Stock | USD 11.42 0.25 2.24% |
| Symbol | Twin |
Twin Disc Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Twin Disc. If investors know Twin 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 Twin Disc 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 0.074 | Dividend Share 0.16 | Earnings Share 0.68 | Revenue Per Share 22.15 | Quarterly Revenue Growth 0.147 |
The market value of Twin Disc is measured differently than its book value, which is the value of Twin that is recorded on the company's balance sheet. Investors also form their own opinion of Twin Disc's value that differs from its market value or its book value, called intrinsic value, which is Twin Disc'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 Twin Disc's market value can be influenced by many factors that don't directly affect Twin Disc'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 Twin Disc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Twin Disc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Twin Disc'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.
Twin Disc '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 Twin Disc'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 Twin Disc.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Twin Disc on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Twin Disc Incorporated or generate 0.0% return on investment in Twin Disc over 720 days. Twin Disc is related to or competes with Standex International, Intevac, Thermon Group, Enpro Industries, Graham, Tennant, and Kadant. Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment ... More
Twin Disc 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 Twin Disc'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 Twin Disc Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 4.37 |
Twin Disc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Twin Disc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Twin Disc's standard deviation. In reality, there are many statistical measures that can use Twin Disc historical prices to predict the future Twin Disc's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.07) |
Twin Disc Backtested Returns
Twin Disc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0767, which indicates the firm had a -0.0767% return per unit of risk over the last 3 months. Twin Disc Incorporated exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Twin Disc's Variance of 6.46, coefficient of variation of (2,363), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 1.7, 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, Twin Disc will likely underperform. At this point, Twin Disc has a negative expected return of -0.19%. Please make sure to validate Twin Disc's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Twin Disc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Twin Disc Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Twin Disc time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Twin Disc price movement. The serial correlation of -0.75 indicates that around 75.0% of current Twin Disc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
Twin Disc lagged returns against current returns
Autocorrelation, which is Twin Disc 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 Twin Disc's stock expected returns. We can calculate the autocorrelation of Twin Disc returns to help us make a trade decision. For example, suppose you find that Twin Disc 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 |
Twin Disc 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 Twin Disc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Twin Disc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Twin Disc stock over time.
Current vs Lagged Prices |
| Timeline |
Twin Disc Lagged Returns
When evaluating Twin Disc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Twin Disc stock have on its future price. Twin Disc 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, Twin Disc autocorrelation shows the relationship between Twin Disc stock current value and its past values and can show if there is a momentum factor associated with investing in Twin Disc Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Twin Disc
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 Twin Disc 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 Twin Disc will appreciate offsetting losses from the drop in the long position's value.Moving against Twin Stock
| 0.52 | B | Barnes Group | PairCorr |
| 0.49 | ATS | ATS Corporation | PairCorr |
| 0.47 | BW | Babcock Wilcox Enter | PairCorr |
| 0.46 | ETN | Eaton PLC | PairCorr |
| 0.45 | CMI | Cummins | PairCorr |
The ability to find closely correlated positions to Twin Disc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Twin Disc 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 Twin Disc - 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 Twin Disc Incorporated to buy it.
The correlation of Twin Disc 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 Twin Disc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Twin Disc 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 Twin Disc 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 Twin Disc Correlation, Twin Disc Volatility and Twin Disc Alpha and Beta module to complement your research on Twin Disc. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Twin Disc 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.