Trident Digital Tech Stock Market Value
| TDTH Stock | 0.59 0 0.29% |
| Symbol | Trident |
Is IT Consulting & Other Services 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 Trident Digital. If investors know Trident 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 Trident Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 0.022 | Quarterly Revenue Growth (0.21) | Return On Assets (0.51) | Return On Equity |
The market value of Trident Digital Tech is measured differently than its book value, which is the value of Trident that is recorded on the company's balance sheet. Investors also form their own opinion of Trident Digital's value that differs from its market value or its book value, called intrinsic value, which is Trident Digital'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 Trident Digital's market value can be influenced by many factors that don't directly affect Trident Digital'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 Trident Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trident Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trident Digital'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.
Trident Digital '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 Trident Digital'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 Trident Digital.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Trident Digital on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Trident Digital Tech or generate 0.0% return on investment in Trident Digital over 30 days. Trident Digital is related to or competes with Titan International, RBC Bearings, Verde Clean, Insteel Industries, and Beauty Health. Trident Digital is entity of United States More
Trident Digital 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 Trident Digital'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 Trident Digital Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 104.78 | |||
| Value At Risk | (17.78) | |||
| Potential Upside | 17.95 |
Trident Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trident Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trident Digital's standard deviation. In reality, there are many statistical measures that can use Trident Digital historical prices to predict the future Trident Digital's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 0.3665 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trident Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trident Digital Tech Backtested Returns
Trident Digital Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. Trident Digital Tech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trident Digital's Coefficient Of Variation of (1,478), variance of 177.41, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -2.49, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Trident Digital are expected to decrease by larger amounts. On the other hand, during market turmoil, Trident Digital is expected to outperform it. At this point, Trident Digital Tech has a negative expected return of -1.5%. Please make sure to validate Trident Digital's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Trident Digital Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Trident Digital Tech has average predictability. Overlapping area represents the amount of predictability between Trident Digital time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Trident Digital Tech price movement. The serial correlation of 0.47 indicates that about 47.0% of current Trident Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Trident Digital Tech lagged returns against current returns
Autocorrelation, which is Trident Digital 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 Trident Digital's stock expected returns. We can calculate the autocorrelation of Trident Digital returns to help us make a trade decision. For example, suppose you find that Trident Digital 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 |
Trident Digital 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 Trident Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trident Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trident Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Trident Digital Lagged Returns
When evaluating Trident Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trident Digital stock have on its future price. Trident Digital 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, Trident Digital autocorrelation shows the relationship between Trident Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Trident Digital Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Trident Digital Tech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trident Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trident Digital Tech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trident Digital Tech Stock:Check out Trident Digital Correlation, Trident Digital Volatility and Trident Digital Alpha and Beta module to complement your research on Trident Digital. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Trident Digital 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.