Tapestry Stock Market Value
| TPR Stock | USD 62.66 0.58 0.93% |
| Symbol | Tapestry |
Tapestry Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Tapestry. If investors know Tapestry 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 Tapestry 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 (0.06) | Dividend Share 1.4 | Earnings Share 3.45 | Revenue Per Share 28.98 | Quarterly Revenue Growth (0) |
The market value of Tapestry is measured differently than its book value, which is the value of Tapestry that is recorded on the company's balance sheet. Investors also form their own opinion of Tapestry's value that differs from its market value or its book value, called intrinsic value, which is Tapestry'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 Tapestry's market value can be influenced by many factors that don't directly affect Tapestry'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 Tapestry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tapestry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tapestry'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.
Tapestry '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 Tapestry'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 Tapestry.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Tapestry on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Tapestry or generate 0.0% return on investment in Tapestry over 720 days. Tapestry is related to or competes with Signet Jewelers, Movado, Lanvin Group, TheRealReal, Fossil, Capri Holdings, and Brilliant Earth. Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, an... More
Tapestry 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 Tapestry'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 Tapestry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.2051 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 3.68 |
Tapestry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tapestry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tapestry's standard deviation. In reality, there are many statistical measures that can use Tapestry historical prices to predict the future Tapestry's volatility.| Risk Adjusted Performance | 0.1794 | |||
| Jensen Alpha | 0.594 | |||
| Total Risk Alpha | 0.52 | |||
| Sortino Ratio | 0.4568 | |||
| Treynor Ratio | 1.51 |
Tapestry Backtested Returns
Tapestry appears to be very steady, given 3 months investment horizon. Tapestry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Tapestry's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please review Tapestry's Risk Adjusted Performance of 0.1794, coefficient of variation of 461.11, and Semi Deviation of 0.891 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tapestry holds a performance score of 16. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tapestry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tapestry is expected to be smaller as well. Please check Tapestry's total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Tapestry's existing price patterns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Tapestry has poor reverse predictability. Overlapping area represents the amount of predictability between Tapestry time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Tapestry price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Tapestry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 42.87 |
Tapestry lagged returns against current returns
Autocorrelation, which is Tapestry 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 Tapestry's stock expected returns. We can calculate the autocorrelation of Tapestry returns to help us make a trade decision. For example, suppose you find that Tapestry 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 |
Tapestry 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 Tapestry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tapestry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tapestry stock over time.
Current vs Lagged Prices |
| Timeline |
Tapestry Lagged Returns
When evaluating Tapestry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tapestry stock have on its future price. Tapestry 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, Tapestry autocorrelation shows the relationship between Tapestry stock current value and its past values and can show if there is a momentum factor associated with investing in Tapestry.
Regressed Prices |
| Timeline |
Pair Trading with Tapestry
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 Tapestry 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 Tapestry will appreciate offsetting losses from the drop in the long position's value.Moving together with Tapestry Stock
Moving against Tapestry Stock
| 0.86 | FEBO | Fenbo Holdings | PairCorr |
| 0.84 | WLDS | Wearable Devices Tech Boost | PairCorr |
| 0.84 | DHI | DR Horton | PairCorr |
| 0.78 | WTO | UTime Limited | PairCorr |
| 0.75 | VEEE | Twin Vee Powercats | PairCorr |
The ability to find closely correlated positions to Tapestry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tapestry 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 Tapestry - 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 Tapestry to buy it.
The correlation of Tapestry 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 Tapestry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tapestry 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 Tapestry 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.Additional Tools for Tapestry Stock Analysis
When running Tapestry's price analysis, check to measure Tapestry'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 Tapestry is operating at the current time. Most of Tapestry's value examination focuses on studying past and present price action to predict the probability of Tapestry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tapestry's price. Additionally, you may evaluate how the addition of Tapestry to your portfolios can decrease your overall portfolio volatility.