Truecar Stock Alpha and Beta Analysis
| TRUE Stock | USD 4.14 0.09 2.13% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as TrueCar. It also helps investors analyze the systematic and unsystematic risks associated with investing in TrueCar over a specified time horizon. Remember, high TrueCar's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to TrueCar's market risk premium analysis include:
Beta 1.89 | Alpha 0.38 | Risk 2.94 | Sharpe Ratio 0.2 | Expected Return 0.6 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
TrueCar |
TrueCar Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. TrueCar market risk premium is the additional return an investor will receive from holding TrueCar long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in TrueCar. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate TrueCar's performance over market.| α | 0.38 | β | 1.89 |
TrueCar expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of TrueCar's Buy-and-hold return. Our buy-and-hold chart shows how TrueCar performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.TrueCar Market Price Analysis
Market price analysis indicators help investors to evaluate how TrueCar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TrueCar shares will generate the highest return on investment. By understating and applying TrueCar stock market price indicators, traders can identify TrueCar position entry and exit signals to maximize returns.
TrueCar Return and Market Media
The median price of TrueCar for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 3.53 with a coefficient of variation of 12.07. The daily time series for the period is distributed with a sample standard deviation of 0.43, arithmetic mean of 3.55, and mean deviation of 0.38. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Swart Jeff of 84211 shares of TrueCar subject to Rule 16b-3 | 09/06/2024 |
2 | Disposition of 20380 shares by Jantoon Reigersman of TrueCar at 3.19 subject to Rule 16b-3 | 09/13/2024 |
3 | Disposition of 577 shares by Luong Teresa of TrueCar at 2.44 subject to Rule 16b-3 | 09/18/2024 |
4 | Bumble versus TrueCar Head to Head Contrast | 10/15/2024 |
5 | B. Riley Forecasts TrueCars Q3 Earnings | 10/30/2024 |
6 | TrueCar Q3 2024 Earnings Preview | 11/05/2024 |
7 | TrueCar Inc Q3 2024 Everything You Need To Know Ahead Of Earnings | 11/06/2024 |
8 | TrueCar Reports Q3 Earnings What Key Metrics Have to Say | 11/07/2024 |
9 | TrueCar Inc Q3 2024 Earnings Call Highlights Revenue Surge and Strategic Innovations ... | 11/08/2024 |
10 | TrueCar, Inc. Q3 2024 Earnings Call Transcript | 11/11/2024 |
11 | Disposition of 1929 shares by Jantoon Reigersman of TrueCar at 4.12 subject to Rule 16b-3 | 11/15/2024 |
12 | When Should You Buy TrueCar, Inc. | 11/25/2024 |
About TrueCar Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including TrueCar or other stocks. Alpha measures the amount that position in TrueCar has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2023 | 2024 (projected) | Days Sales Outstanding | 26.32 | 44.07 | 48.57 | PTB Ratio | 1.0 | 1.94 | 3.62 |
TrueCar Upcoming Company Events
As portrayed in its financial statements, the presentation of TrueCar's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, TrueCar's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of TrueCar's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of TrueCar. Please utilize our Beneish M Score to check the likelihood of TrueCar's management manipulating its earnings.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with TrueCar
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out TrueCar Backtesting, TrueCar Valuation, TrueCar Correlation, TrueCar Hype Analysis, TrueCar Volatility, TrueCar History and analyze TrueCar Performance. For information on how to trade TrueCar Stock refer to our How to Trade TrueCar Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
TrueCar 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.