Thermo Fisher Scientific Stock Market Value
| TMO Stock | USD 577.39 2.80 0.49% |
| Symbol | Thermo |
Thermo Fisher Scientific Price To Book Ratio
Is Thermo Fisher'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 Thermo Fisher. If investors know Thermo 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 Thermo Fisher 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 0.054 | Dividend Share 1.4 | Earnings Share 15.46 | Revenue Per Share 111.028 | Quarterly Revenue Growth (0.05) |
The market value of Thermo Fisher Scientific is measured differently than its book value, which is the value of Thermo that is recorded on the company's balance sheet. Investors also form their own opinion of Thermo Fisher's value that differs from its market value or its book value, called intrinsic value, which is Thermo Fisher'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 Thermo Fisher's market value can be influenced by many factors that don't directly affect Thermo Fisher'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 Thermo Fisher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thermo Fisher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thermo Fisher'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.
Thermo Fisher '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 Thermo Fisher'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 Thermo Fisher.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Thermo Fisher on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thermo Fisher Scientific or generate 0.0% return on investment in Thermo Fisher over 90 days. Thermo Fisher is related to or competes with Fonar, Burning Rock, Sera Prognostics, Psychemedics, DarioHealth Corp, Neuronetics, and Castle Biosciences. Thermo Fisher Scientific Inc. offers life sciences solutions, analytical instruments, specialty diagnostics, and laborat... More
Thermo Fisher 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 Thermo Fisher'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 Thermo Fisher Scientific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.85 |
Thermo Fisher Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermo Fisher's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermo Fisher's standard deviation. In reality, there are many statistical measures that can use Thermo Fisher historical prices to predict the future Thermo Fisher's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0408 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thermo Fisher'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.
Thermo Fisher Scientific Backtested Returns
We consider Thermo Fisher very steady. Thermo Fisher Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0705, which indicates the firm had a 0.0705% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thermo Fisher Scientific, which you can use to evaluate the volatility of the company. Please validate Thermo Fisher's Risk Adjusted Performance of 0.0381, coefficient of variation of 1906.7, and Semi Deviation of 1.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.0966%. Thermo Fisher has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 1.51, 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, Thermo Fisher will likely underperform. Thermo Fisher Scientific right now has a risk of 1.37%. Please validate Thermo Fisher potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Thermo Fisher will be following its existing price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Thermo Fisher Scientific has very good reverse predictability. Overlapping area represents the amount of predictability between Thermo Fisher time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 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 Thermo Fisher Scientific price movement. The serial correlation of -0.7 indicates that around 70.0% of current Thermo Fisher price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 209.23 |
Thermo Fisher Scientific lagged returns against current returns
Autocorrelation, which is Thermo Fisher 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 Thermo Fisher's stock expected returns. We can calculate the autocorrelation of Thermo Fisher returns to help us make a trade decision. For example, suppose you find that Thermo Fisher 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 |
Thermo Fisher 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 Thermo Fisher stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermo Fisher stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermo Fisher stock over time.
Current vs Lagged Prices |
| Timeline |
Thermo Fisher Lagged Returns
When evaluating Thermo Fisher's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermo Fisher stock have on its future price. Thermo Fisher 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, Thermo Fisher autocorrelation shows the relationship between Thermo Fisher stock current value and its past values and can show if there is a momentum factor associated with investing in Thermo Fisher Scientific.
Regressed Prices |
| Timeline |
Thermo Fisher Investors Sentiment
The influence of Thermo Fisher's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Thermo. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Thermo Fisher's public news can be used to forecast risks associated with an investment in Thermo. The trend in average sentiment can be used to explain how an investor holding Thermo can time the market purely based on public headlines and social activities around Thermo Fisher Scientific. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Thermo Fisher's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Thermo Fisher's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Thermo Fisher's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Thermo Fisher.
Thermo Fisher Implied Volatility | 76.23 |
Thermo Fisher's implied volatility exposes the market's sentiment of Thermo Fisher Scientific stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Thermo Fisher's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Thermo Fisher stock will not fluctuate a lot when Thermo Fisher's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thermo Fisher in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thermo Fisher's short interest history, or implied volatility extrapolated from Thermo Fisher options trading.
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When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher'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 Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:Check out Thermo Fisher Correlation, Thermo Fisher Volatility and Thermo Fisher Alpha and Beta module to complement your research on Thermo Fisher. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Thermo Stock analysis
When running Thermo Fisher's price analysis, check to measure Thermo Fisher'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 Thermo Fisher is operating at the current time. Most of Thermo Fisher's value examination focuses on studying past and present price action to predict the probability of Thermo Fisher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermo Fisher's price. Additionally, you may evaluate how the addition of Thermo Fisher to your portfolios can decrease your overall portfolio volatility.
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Thermo Fisher 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.