Turtle Beach Corp Market Value
| HEARDelisted Stock | USD 17.47 0.17 0.96% |
| Symbol | Turtle |
Turtle Beach '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 Turtle Beach'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 Turtle Beach.
| 10/15/2024 |
| 01/13/2025 |
If you would invest 0.00 in Turtle Beach on October 15, 2024 and sell it all today you would earn a total of 0.00 from holding Turtle Beach Corp or generate 0.0% return on investment in Turtle Beach over 90 days. Turtle Beach is related to or competes with VOXX International, LG Display, Emerson Radio, Universal Electronics, Samsung Electronics, Sony Group, and Xiaomi Corp. Turtle Beach Corporation operates as an audio technology company More
Turtle Beach 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 Turtle Beach'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 Turtle Beach Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0935 | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 5.2 |
Turtle Beach Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turtle Beach's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turtle Beach's standard deviation. In reality, there are many statistical measures that can use Turtle Beach historical prices to predict the future Turtle Beach's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.252 | |||
| Total Risk Alpha | 0.3026 | |||
| Sortino Ratio | 0.1047 | |||
| Treynor Ratio | (0.35) |
Turtle Beach Corp Backtested Returns
Turtle Beach appears to be not too volatile, given 3 months investment horizon. Turtle Beach Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0949, which indicates the firm had a 0.0949% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Turtle Beach Corp, which you can use to evaluate the volatility of the company. Please review Turtle Beach's Risk Adjusted Performance of 0.0835, semi deviation of 2.32, and Coefficient Of Variation of 1076.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turtle Beach holds a performance score of 7. The entity has a beta of -0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Turtle Beach are expected to decrease at a much lower rate. During the bear market, Turtle Beach is likely to outperform the market. Please check Turtle Beach's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Turtle Beach's existing price patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Turtle Beach Corp has average predictability. Overlapping area represents the amount of predictability between Turtle Beach time series from 15th of October 2024 to 29th of November 2024 and 29th of November 2024 to 13th 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 Turtle Beach Corp price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Turtle Beach price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Turtle Beach Corp lagged returns against current returns
Autocorrelation, which is Turtle Beach 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 Turtle Beach's stock expected returns. We can calculate the autocorrelation of Turtle Beach returns to help us make a trade decision. For example, suppose you find that Turtle Beach 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 |
Turtle Beach 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 Turtle Beach stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turtle Beach stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turtle Beach stock over time.
Current vs Lagged Prices |
| Timeline |
Turtle Beach Lagged Returns
When evaluating Turtle Beach's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turtle Beach stock have on its future price. Turtle Beach 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, Turtle Beach autocorrelation shows the relationship between Turtle Beach stock current value and its past values and can show if there is a momentum factor associated with investing in Turtle Beach Corp.
Regressed Prices |
| Timeline |
Pair Trading with Turtle Beach
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 Turtle Beach 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 Turtle Beach will appreciate offsetting losses from the drop in the long position's value.Moving against Turtle Stock
| 0.56 | VMAR | Vision Marine Techno | PairCorr |
| 0.55 | LIVE | Live Ventures | PairCorr |
| 0.52 | DHI | DR Horton Earnings Call Next Week | PairCorr |
| 0.52 | DTC | Solo Brands | PairCorr |
| 0.49 | CCS | Century Communities | PairCorr |
The ability to find closely correlated positions to Turtle Beach could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turtle Beach 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 Turtle Beach - 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 Turtle Beach Corp to buy it.
The correlation of Turtle Beach 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 Turtle Beach moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turtle Beach Corp 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 Turtle Beach 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 Turtle Beach Correlation, Turtle Beach Volatility and Turtle Beach Alpha and Beta module to complement your research on Turtle Beach. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Turtle Stock
If you are still planning to invest in Turtle Beach Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Turtle Beach's history and understand the potential risks before investing.
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