Townsquare Media Stock Market Value
| TSQ Stock | USD 10.08 0.05 0.49% |
| Symbol | Townsquare |
Townsquare Media Price To Book Ratio
Is Broadcasting 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 Townsquare Media. If investors know Townsquare 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 Townsquare Media 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 1.767 | Dividend Share 0.78 | Earnings Share (2.54) | Revenue Per Share 28.305 | Quarterly Revenue Growth 0.002 |
The market value of Townsquare Media is measured differently than its book value, which is the value of Townsquare that is recorded on the company's balance sheet. Investors also form their own opinion of Townsquare Media's value that differs from its market value or its book value, called intrinsic value, which is Townsquare Media'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 Townsquare Media's market value can be influenced by many factors that don't directly affect Townsquare Media'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 Townsquare Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Townsquare Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Townsquare Media'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.
Townsquare Media '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 Townsquare Media'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 Townsquare Media.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Townsquare Media on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Townsquare Media or generate 0.0% return on investment in Townsquare Media over 30 days. Townsquare Media is related to or competes with Marchex, Entravision Communications, Direct Digital, Cimpress, Omnicom, and WPP PLC. Townsquare Media, Inc. operates as a digital media and marketing solutions company in small and medium-sized businesses More
Townsquare Media 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 Townsquare Media'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 Townsquare Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.24 |
Townsquare Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Townsquare Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Townsquare Media's standard deviation. In reality, there are many statistical measures that can use Townsquare Media historical prices to predict the future Townsquare Media's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Townsquare Media'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.
Townsquare Media Backtested Returns
Townsquare Media owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0167, which indicates the firm had a -0.0167% return per unit of risk over the last 3 months. Townsquare Media exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Townsquare Media's Risk Adjusted Performance of (0.02), variance of 3.08, and Coefficient Of Variation of (3,361) to confirm the risk estimate we provide. The entity has a beta of 0.95, which indicates possible diversification benefits within a given portfolio. Townsquare Media returns are very sensitive to returns on the market. As the market goes up or down, Townsquare Media is expected to follow. At this point, Townsquare Media has a negative expected return of -0.0296%. Please make sure to validate Townsquare Media's potential upside and day typical price , to decide if Townsquare Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Townsquare Media has no correlation between past and present. Overlapping area represents the amount of predictability between Townsquare Media 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 Townsquare Media price movement. The serial correlation of 0.0 indicates that just 0.0% of current Townsquare Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Townsquare Media lagged returns against current returns
Autocorrelation, which is Townsquare Media 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 Townsquare Media's stock expected returns. We can calculate the autocorrelation of Townsquare Media returns to help us make a trade decision. For example, suppose you find that Townsquare Media 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 |
Townsquare Media 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 Townsquare Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Townsquare Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Townsquare Media stock over time.
Current vs Lagged Prices |
| Timeline |
Townsquare Media Lagged Returns
When evaluating Townsquare Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Townsquare Media stock have on its future price. Townsquare Media 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, Townsquare Media autocorrelation shows the relationship between Townsquare Media stock current value and its past values and can show if there is a momentum factor associated with investing in Townsquare Media.
Regressed Prices |
| Timeline |
Pair Trading with Townsquare Media
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 Townsquare Media 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 Townsquare Media will appreciate offsetting losses from the drop in the long position's value.Moving against Townsquare Stock
| 0.4 | EEX | Emerald Expositions | PairCorr |
| 0.38 | AMC | AMC Entertainment Aggressive Push | PairCorr |
| 0.34 | HAO | Haoxi Health Technology | PairCorr |
The ability to find closely correlated positions to Townsquare Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Townsquare Media 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 Townsquare Media - 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 Townsquare Media to buy it.
The correlation of Townsquare Media 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 Townsquare Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Townsquare Media 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 Townsquare Media 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 Townsquare Stock Analysis
When running Townsquare Media's price analysis, check to measure Townsquare Media'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 Townsquare Media is operating at the current time. Most of Townsquare Media's value examination focuses on studying past and present price action to predict the probability of Townsquare Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Townsquare Media's price. Additionally, you may evaluate how the addition of Townsquare Media to your portfolios can decrease your overall portfolio volatility.