Tompkins Historical Valuation
| TMP Stock | USD 77.23 0.82 1.07% |
Some fundamental drivers such as market cap or Tompkins Financial enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Tompkins Financial valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Tompkins Financial's future value.
Tompkins |
About Tompkins Valuation Data Analysis
Valuation is the financial process of determining what Tompkins Financial is worth. Tompkins Financial valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Tompkins Financial valuation ratios help investors to determine whether Tompkins Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tompkins with respect to the benefits of owning Tompkins Financial security.
Tompkins Financial Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Tompkins Financial theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Tompkins Financial debt, but would also pocket its cash. Enterprise Value is more accurate representation of Tompkins Financial value than its market capitalization because it takes into account all of Tompkins Financial existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Tompkins Financial
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 Tompkins Financial 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 Tompkins Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Tompkins Stock
Moving against Tompkins Stock
| 0.68 | CFG-PE | Citizens Financial | PairCorr |
| 0.66 | TFC-PO | Truist Financial | PairCorr |
| 0.64 | TFC-PR | Truist Financial | PairCorr |
| 0.4 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to Tompkins Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tompkins Financial 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 Tompkins Financial - 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 Tompkins Financial to buy it.
The correlation of Tompkins Financial 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 Tompkins Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tompkins Financial 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 Tompkins Financial 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.Additional Tools for Tompkins Stock Analysis
When running Tompkins Financial's price analysis, check to measure Tompkins Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tompkins Financial is operating at the current time. Most of Tompkins Financial's value examination focuses on studying past and present price action to predict the probability of Tompkins Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tompkins Financial's price. Additionally, you may evaluate how the addition of Tompkins Financial to your portfolios can decrease your overall portfolio volatility.