Terex Stock Market Value
| TEX Stock | USD 60.64 0.36 0.59% |
| Symbol | Terex |
Terex Price To Book Ratio
Is Terex's industry 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 Terex. If investors know Terex 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 Terex 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 0.383 | Dividend Share 0.64 | Earnings Share 7.56 | Revenue Per Share 76.319 | Quarterly Revenue Growth 0.004 |
The market value of Terex is measured differently than its book value, which is the value of Terex that is recorded on the company's balance sheet. Investors also form their own opinion of Terex's value that differs from its market value or its book value, called intrinsic value, which is Terex'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 Terex's market value can be influenced by many factors that don't directly affect Terex'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 Terex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Terex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Terex'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.
Terex '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 Terex'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 Terex.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Terex on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Terex or generate 0.0% return on investment in Terex over 360 days. Terex is related to or competes with Ideanomics, Titan International, Deere, Caterpillar, Hydrofarm Holdings, and Urban Gro. Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide More
Terex 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 Terex'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 Terex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.98 |
Terex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Terex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Terex's standard deviation. In reality, there are many statistical measures that can use Terex historical prices to predict the future Terex's volatility.| Risk Adjusted Performance | 0.0461 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.0787 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Terex'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.
Terex Backtested Returns
We consider Terex very steady. Terex owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0018, which indicates the firm had a 0.0018% return per unit of risk over the last 3 months. We have found thirty technical indicators for Terex, which you can use to evaluate the volatility of the company. Please validate Terex's Coefficient Of Variation of 1604.61, semi deviation of 2.35, and Risk Adjusted Performance of 0.0461 to confirm if the risk estimate we provide is consistent with the expected return of 0.0037%. The entity has a beta of 1.65, 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, Terex will likely underperform. Terex right now has a risk of 2.07%. Please validate Terex downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Terex will be following its existing price patterns.
Auto-correlation | 0.56 |
Modest predictability
Terex has modest predictability. Overlapping area represents the amount of predictability between Terex time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 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 Terex price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Terex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 26.71 |
Terex lagged returns against current returns
Autocorrelation, which is Terex 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 Terex's stock expected returns. We can calculate the autocorrelation of Terex returns to help us make a trade decision. For example, suppose you find that Terex 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 |
Terex 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 Terex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Terex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Terex stock over time.
Current vs Lagged Prices |
| Timeline |
Terex Lagged Returns
When evaluating Terex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Terex stock have on its future price. Terex 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, Terex autocorrelation shows the relationship between Terex stock current value and its past values and can show if there is a momentum factor associated with investing in Terex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Terex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Terex'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 Terex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Terex Stock:Check out Terex Correlation, Terex Volatility and Terex Alpha and Beta module to complement your research on Terex. For more information on how to buy Terex Stock please use our How to Invest in Terex guide.Note that the Terex information on this page should be used as a complementary analysis to other Terex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Terex Stock analysis
When running Terex's price analysis, check to measure Terex'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 Terex is operating at the current time. Most of Terex's value examination focuses on studying past and present price action to predict the probability of Terex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Terex's price. Additionally, you may evaluate how the addition of Terex to your portfolios can decrease your overall portfolio volatility.
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Terex 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.