Techprecision Common Stock Market Value
| TPCS Stock | USD 2.32 0.12 4.92% |
| Symbol | TechPrecision |
Is Industrial Machinery & Supplies & Components 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 TechPrecision Common. If investors know TechPrecision 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 TechPrecision Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of TechPrecision Common is measured differently than its book value, which is the value of TechPrecision that is recorded on the company's balance sheet. Investors also form their own opinion of TechPrecision Common's value that differs from its market value or its book value, called intrinsic value, which is TechPrecision Common'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 TechPrecision Common's market value can be influenced by many factors that don't directly affect TechPrecision Common'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 TechPrecision Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechPrecision Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechPrecision Common'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.
TechPrecision Common '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 TechPrecision Common'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 TechPrecision Common.
| 12/28/2024 |
| 03/28/2025 |
If you would invest 0.00 in TechPrecision Common on December 28, 2024 and sell it all today you would earn a total of 0.00 from holding TechPrecision Common or generate 0.0% return on investment in TechPrecision Common over 90 days. TechPrecision Common is related to or competes with Mayville Engineering, Insteel Industries, Northwest Pipe, Ampco Pittsburgh, Carpenter Technology, Ryerson Holding, and Mueller Industries. TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined me... More
TechPrecision Common 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 TechPrecision Common'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 TechPrecision Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 4.58 |
TechPrecision Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechPrecision Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechPrecision Common's standard deviation. In reality, there are many statistical measures that can use TechPrecision Common historical prices to predict the future TechPrecision Common's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TechPrecision Common'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.
TechPrecision Common Backtested Returns
TechPrecision Common owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2 % return per unit of risk over the last 3 months. TechPrecision Common exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TechPrecision Common's Coefficient Of Variation of (527.73), risk adjusted performance of (0.15), and Variance of 13.42 to confirm the risk estimate we provide. The entity has a beta of 1.14, which indicates a somewhat significant risk relative to the market. TechPrecision Common returns are very sensitive to returns on the market. As the market goes up or down, TechPrecision Common is expected to follow. At this point, TechPrecision Common has a negative expected return of -0.75%. Please make sure to validate TechPrecision Common's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if TechPrecision Common performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
TechPrecision Common has good predictability. Overlapping area represents the amount of predictability between TechPrecision Common time series from 28th of December 2024 to 11th of February 2025 and 11th of February 2025 to 28th of March 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 TechPrecision Common price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current TechPrecision Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TechPrecision Common lagged returns against current returns
Autocorrelation, which is TechPrecision Common 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 TechPrecision Common's stock expected returns. We can calculate the autocorrelation of TechPrecision Common returns to help us make a trade decision. For example, suppose you find that TechPrecision Common 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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TechPrecision Common 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 TechPrecision Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechPrecision Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechPrecision Common stock over time.
Current vs Lagged Prices |
| Timeline |
TechPrecision Common Lagged Returns
When evaluating TechPrecision Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechPrecision Common stock have on its future price. TechPrecision Common 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, TechPrecision Common autocorrelation shows the relationship between TechPrecision Common stock current value and its past values and can show if there is a momentum factor associated with investing in TechPrecision Common.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for TechPrecision Stock Analysis
When running TechPrecision Common's price analysis, check to measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.