Timken Company Stock Market Value
| TKR Stock | USD 84.19 0.36 0.43% |
| Symbol | Timken |
Timken Company Price To Book Ratio
Is Timken'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 Timken. If investors know Timken 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 Timken 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 (0.37) | Dividend Share 1.3 | Earnings Share 5.47 | Revenue Per Share 66.814 | Quarterly Revenue Growth 0.009 |
The market value of Timken Company is measured differently than its book value, which is the value of Timken that is recorded on the company's balance sheet. Investors also form their own opinion of Timken's value that differs from its market value or its book value, called intrinsic value, which is Timken'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 Timken's market value can be influenced by many factors that don't directly affect Timken'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 Timken's value and its price as these two are different measures arrived at by different means. Investors typically determine if Timken is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Timken'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.
Timken '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 Timken'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 Timken.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Timken on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Timken Company or generate 0.0% return on investment in Timken over 180 days. Timken is related to or competes with Snap On, LS Starrett, Eastern, Hillman Solutions, and Stanley Black. The Timken Company designs, manufactures, and manages engineered bearings and power transmission products worldwide More
Timken 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 Timken'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 Timken Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.0407 | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.34 |
Timken Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Timken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Timken's standard deviation. In reality, there are many statistical measures that can use Timken historical prices to predict the future Timken's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | 0.0288 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.0617 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Timken'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.
Timken Company Backtested Returns
We consider Timken very steady. Timken Company owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.089, which indicates the firm had a 0.089% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Timken Company, which you can use to evaluate the volatility of the company. Please validate Timken's Risk Adjusted Performance of 0.0538, semi deviation of 1.66, and Coefficient Of Variation of 1318.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Timken has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 1.78, 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, Timken will likely underperform. Timken Company right now has a risk of 1.62%. Please validate Timken value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Timken will be following its existing price patterns.
Auto-correlation | 0.80 |
Very good predictability
Timken Company has very good predictability. Overlapping area represents the amount of predictability between Timken time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Timken Company price movement. The serial correlation of 0.8 indicates that around 80.0% of current Timken price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 8.08 |
Timken Company lagged returns against current returns
Autocorrelation, which is Timken 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 Timken's stock expected returns. We can calculate the autocorrelation of Timken returns to help us make a trade decision. For example, suppose you find that Timken 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 |
Timken 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 Timken stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Timken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Timken stock over time.
Current vs Lagged Prices |
| Timeline |
Timken Lagged Returns
When evaluating Timken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Timken stock have on its future price. Timken 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, Timken autocorrelation shows the relationship between Timken stock current value and its past values and can show if there is a momentum factor associated with investing in Timken Company.
Regressed Prices |
| Timeline |
Timken Investors Sentiment
The influence of Timken'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 Timken. 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 Timken's public news can be used to forecast risks associated with an investment in Timken. The trend in average sentiment can be used to explain how an investor holding Timken can time the market purely based on public headlines and social activities around Timken Company. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Timken'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 Timken'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 Timken's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Timken.
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 Timken 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, Timken's short interest history, or implied volatility extrapolated from Timken options trading.
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When determining whether Timken Company is a strong investment it is important to analyze Timken's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Timken's future performance. For an informed investment choice regarding Timken Stock, refer to the following important reports:Check out Timken Correlation, Timken Volatility and Timken Alpha and Beta module to complement your research on Timken. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Timken Stock analysis
When running Timken's price analysis, check to measure Timken'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 Timken is operating at the current time. Most of Timken's value examination focuses on studying past and present price action to predict the probability of Timken's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Timken's price. Additionally, you may evaluate how the addition of Timken to your portfolios can decrease your overall portfolio volatility.
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Timken 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.