Custom Truck One Stock Market Value
| CTOS Stock | USD 4.59 0.13 2.91% |
| Symbol | Custom |
Custom Truck One Price To Book Ratio
Is Custom Truck'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 Custom Truck. If investors know Custom 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 Custom Truck 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 (0.46) | Earnings Share 0.09 | Revenue Per Share 7.486 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0316 |
The market value of Custom Truck One is measured differently than its book value, which is the value of Custom that is recorded on the company's balance sheet. Investors also form their own opinion of Custom Truck's value that differs from its market value or its book value, called intrinsic value, which is Custom Truck'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 Custom Truck's market value can be influenced by many factors that don't directly affect Custom Truck'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 Custom Truck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Custom Truck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Custom Truck'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.
Custom Truck '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 Custom Truck'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 Custom Truck.
| 11/30/2023 |
| 05/28/2024 |
If you would invest 0.00 in Custom Truck on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Custom Truck One or generate 0.0% return on investment in Custom Truck over 180 days. Custom Truck is related to or competes with HE Equipment, GATX, Alta Equipment, Ryder System, Hertz Global, Hertz Global, and Air Lease. Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and dist... More
Custom Truck 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 Custom Truck'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 Custom Truck One upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 27.1 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.79 |
Custom Truck Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Custom Truck's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Custom Truck's standard deviation. In reality, there are many statistical measures that can use Custom Truck historical prices to predict the future Custom Truck's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Custom Truck'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.
Custom Truck One Backtested Returns
Custom Truck One secures Sharpe Ratio (or Efficiency) of -0.0353, which signifies that the company had a -0.0353% return per unit of risk over the last 12 months. Custom Truck One exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Custom Truck's Standard Deviation of 2.83, mean deviation of 1.79, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.83, which signifies 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, Custom Truck will likely underperform. Custom Truck One has an expected return of -0.0999%. Please make sure to confirm Custom Truck One treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Custom Truck One performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Custom Truck One has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Custom Truck time series from 30th of November 2023 to 28th of February 2024 and 28th of February 2024 to 28th of May 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 Custom Truck One price movement. The serial correlation of -0.8 indicates that around 80.0% of current Custom Truck price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Custom Truck One lagged returns against current returns
Autocorrelation, which is Custom Truck 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 Custom Truck's stock expected returns. We can calculate the autocorrelation of Custom Truck returns to help us make a trade decision. For example, suppose you find that Custom Truck 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 |
Custom Truck 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 Custom Truck stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Custom Truck stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Custom Truck stock over time.
Current vs Lagged Prices |
| Timeline |
Custom Truck Lagged Returns
When evaluating Custom Truck's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Custom Truck stock have on its future price. Custom Truck 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, Custom Truck autocorrelation shows the relationship between Custom Truck stock current value and its past values and can show if there is a momentum factor associated with investing in Custom Truck One.
Regressed Prices |
| Timeline |
Pair Trading with Custom Truck
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 Custom Truck 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 Custom Truck will appreciate offsetting losses from the drop in the long position's value.Moving together with Custom Stock
| 0.8 | AAN | Aarons | PairCorr |
Moving against Custom Stock
| 0.72 | FTAI | Fortress Transp Infra | PairCorr |
| 0.66 | WLFC | Willis Lease Finance | PairCorr |
| 0.63 | R | Ryder System | PairCorr |
| 0.63 | AER | AerCap Holdings NV | PairCorr |
| 0.5 | URI | United Rentals Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Custom Truck could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Custom Truck 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 Custom Truck - 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 Custom Truck One to buy it.
The correlation of Custom Truck 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 Custom Truck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Custom Truck One 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 Custom Truck 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.Check out Custom Truck Correlation, Custom Truck Volatility and Custom Truck Alpha and Beta module to complement your research on Custom Truck. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Custom Stock analysis
When running Custom Truck's price analysis, check to measure Custom Truck'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 Custom Truck is operating at the current time. Most of Custom Truck's value examination focuses on studying past and present price action to predict the probability of Custom Truck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Custom Truck's price. Additionally, you may evaluate how the addition of Custom Truck to your portfolios can decrease your overall portfolio volatility.
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Custom Truck 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.