Custom Truck One Stock Market Value
| CTOS Stock | USD 5.98 0.02 0.33% |
| Symbol | Custom |
Custom Truck One Price To Book Ratio
Is Trading Companies & Distributors 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 Custom Truck. If investors know Custom 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 Custom Truck 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 (0.46) | Earnings Share (0.17) | Revenue Per Share 7.538 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0241 |
The market value of Custom Truck One is measured differently than its book value, which is the value of Custom that is recorded on the company's balance sheet. Investors also form their own opinion of Custom Truck's value that differs from its market value or its book value, called intrinsic value, which is Custom Truck'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 Custom Truck's market value can be influenced by many factors that don't directly affect Custom Truck'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 Custom Truck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Custom Truck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Custom Truck'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.
Custom Truck '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 Custom Truck'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 Custom Truck.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Custom Truck on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Custom Truck One or generate 0.0% return on investment in Custom Truck over 30 days. Custom Truck is related to or competes with PROG Holdings, McGrath RentCorp, HE Equipment, GATX, Alta Equipment, and Herc Holdings. Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and dist... More
Custom Truck 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 Custom Truck'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 Custom Truck One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.1197 | |||
| Maximum Drawdown | 17.86 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 8.95 |
Custom Truck Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Custom Truck's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Custom Truck's standard deviation. In reality, there are many statistical measures that can use Custom Truck historical prices to predict the future Custom Truck's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.2619 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1553 | |||
| Treynor Ratio | 0.2308 |
Custom Truck One Backtested Returns
Custom Truck appears to be slightly risky, given 3 months investment horizon. Custom Truck One secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Custom Truck's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please makes use of Custom Truck's Mean Deviation of 2.66, risk adjusted performance of 0.127, and Downside Deviation of 2.95 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Custom Truck holds a performance score of 15. The firm shows a Beta (market volatility) of 2.54, which signifies 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, Custom Truck will likely underperform. Please check Custom Truck's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Custom Truck's price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Custom Truck One has very good predictability. Overlapping area represents the amount of predictability between Custom Truck time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Custom Truck One price movement. The serial correlation of 0.85 indicates that around 85.0% of current Custom Truck price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Custom Truck One lagged returns against current returns
Autocorrelation, which is Custom Truck 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 Custom Truck's stock expected returns. We can calculate the autocorrelation of Custom Truck returns to help us make a trade decision. For example, suppose you find that Custom Truck 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 |
Custom Truck 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 Custom Truck stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Custom Truck stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Custom Truck stock over time.
Current vs Lagged Prices |
| Timeline |
Custom Truck Lagged Returns
When evaluating Custom Truck's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Custom Truck stock have on its future price. Custom Truck 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, Custom Truck autocorrelation shows the relationship between Custom Truck stock current value and its past values and can show if there is a momentum factor associated with investing in Custom Truck One.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Custom Stock Analysis
When running Custom Truck's price analysis, check to measure Custom Truck'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 Custom Truck is operating at the current time. Most of Custom Truck's value examination focuses on studying past and present price action to predict the probability of Custom Truck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Custom Truck's price. Additionally, you may evaluate how the addition of Custom Truck to your portfolios can decrease your overall portfolio volatility.