Tactile Systems Technology Stock Market Value
| TCMD Stock | USD 18.93 0.60 3.27% |
| Symbol | Tactile |
Tactile Systems Tech Price To Book Ratio
Is Health Care Equipment & Supplies 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 Tactile Systems. If investors know Tactile 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 Tactile Systems 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 (0.78) | Earnings Share 0.65 | Revenue Per Share 11.991 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0462 |
The market value of Tactile Systems Tech is measured differently than its book value, which is the value of Tactile that is recorded on the company's balance sheet. Investors also form their own opinion of Tactile Systems' value that differs from its market value or its book value, called intrinsic value, which is Tactile Systems' 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 Tactile Systems' market value can be influenced by many factors that don't directly affect Tactile Systems' 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 Tactile Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tactile Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tactile Systems' 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.
Tactile Systems '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 Tactile Systems' 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 Tactile Systems.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tactile Systems on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tactile Systems Technology or generate 0.0% return on investment in Tactile Systems over 30 days. Tactile Systems is related to or competes with CONMED, Treace Medical, SurModics, LivaNova PLC, Rxsight, Axogen, and Pulmonx Corp. Tactile Systems Technology, Inc., a medical technology company, engages in the development and provision of medical devi... More
Tactile Systems 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 Tactile Systems' 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 Tactile Systems Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.1304 | |||
| Maximum Drawdown | 15.8 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 5.99 |
Tactile Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tactile Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tactile Systems' standard deviation. In reality, there are many statistical measures that can use Tactile Systems historical prices to predict the future Tactile Systems' volatility.| Risk Adjusted Performance | 0.1389 | |||
| Jensen Alpha | 0.3303 | |||
| Total Risk Alpha | 0.0348 | |||
| Sortino Ratio | 0.1451 | |||
| Treynor Ratio | 0.3181 |
Tactile Systems Tech Backtested Returns
Tactile Systems appears to be not too volatile, given 3 months investment horizon. Tactile Systems Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Tactile Systems' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Tactile Systems' Semi Deviation of 2.49, risk adjusted performance of 0.1389, and Coefficient Of Variation of 582.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tactile Systems holds a performance score of 13. The entity has a beta of 1.67, 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, Tactile Systems will likely underperform. Please check Tactile Systems' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Tactile Systems' existing price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Tactile Systems Technology has good predictability. Overlapping area represents the amount of predictability between Tactile Systems time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Tactile Systems Tech price movement. The serial correlation of 0.73 indicates that around 73.0% of current Tactile Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
Tactile Systems Tech lagged returns against current returns
Autocorrelation, which is Tactile Systems 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 Tactile Systems' stock expected returns. We can calculate the autocorrelation of Tactile Systems returns to help us make a trade decision. For example, suppose you find that Tactile Systems 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 |
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Tactile Systems 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 Tactile Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tactile Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tactile Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Tactile Systems Lagged Returns
When evaluating Tactile Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tactile Systems stock have on its future price. Tactile Systems 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, Tactile Systems autocorrelation shows the relationship between Tactile Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Tactile Systems Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Tactile Systems Tech is a strong investment it is important to analyze Tactile Systems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tactile Systems' future performance. For an informed investment choice regarding Tactile Stock, refer to the following important reports:Check out Tactile Systems Correlation, Tactile Systems Volatility and Tactile Systems Alpha and Beta module to complement your research on Tactile Systems. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Tactile Systems 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.