Turning Point Brands Stock Market Value
| TPB Stock | USD 27.00 0.41 1.54% |
| Symbol | Turning |
Turning Point Brands Price To Book Ratio
Is Turning Point'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 Turning Point. If investors know Turning 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 Turning Point 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 (0.04) | Dividend Share 0.26 | Earnings Share 2.01 | Revenue Per Share 23.062 | Quarterly Revenue Growth (0.06) |
The market value of Turning Point Brands is measured differently than its book value, which is the value of Turning that is recorded on the company's balance sheet. Investors also form their own opinion of Turning Point's value that differs from its market value or its book value, called intrinsic value, which is Turning Point'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 Turning Point's market value can be influenced by many factors that don't directly affect Turning Point'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 Turning Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turning Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turning Point'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.
Turning Point '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 Turning Point'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 Turning Point.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Turning Point on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Turning Point Brands or generate 0.0% return on investment in Turning Point over 30 days. Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer prod... More
Turning Point 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 Turning Point'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 Turning Point Brands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0348 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.95 |
Turning Point Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turning Point's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turning Point's standard deviation. In reality, there are many statistical measures that can use Turning Point historical prices to predict the future Turning Point's volatility.| Risk Adjusted Performance | 0.049 | |||
| Jensen Alpha | 0.1259 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0391 | |||
| Treynor Ratio | 1.59 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Turning Point'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.
Turning Point Brands Backtested Returns
We consider Turning Point very steady. Turning Point Brands owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0679, which indicates the firm had a 0.0679% return per unit of risk over the last 3 months. We have found thirty technical indicators for Turning Point Brands, which you can use to evaluate the volatility of the company. Please validate Turning Point's Coefficient Of Variation of 1471.19, risk adjusted performance of 0.049, and Semi Deviation of 1.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Turning Point has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.0822, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Turning Point's returns are expected to increase less than the market. However, during the bear market, the loss of holding Turning Point is expected to be smaller as well. Turning Point Brands right now has a risk of 2.07%. Please validate Turning Point expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Turning Point will be following its existing price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Turning Point Brands has very weak predictability. Overlapping area represents the amount of predictability between Turning Point time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Turning Point Brands price movement. The serial correlation of 0.18 indicates that over 18.0% of current Turning Point price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Turning Point Brands lagged returns against current returns
Autocorrelation, which is Turning Point 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 Turning Point's stock expected returns. We can calculate the autocorrelation of Turning Point returns to help us make a trade decision. For example, suppose you find that Turning Point 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 |
Turning Point 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 Turning Point stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turning Point stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turning Point stock over time.
Current vs Lagged Prices |
| Timeline |
Turning Point Lagged Returns
When evaluating Turning Point's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turning Point stock have on its future price. Turning Point 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, Turning Point autocorrelation shows the relationship between Turning Point stock current value and its past values and can show if there is a momentum factor associated with investing in Turning Point Brands.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Turning Point Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Turning Point'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 Turning Point Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Turning Point Brands Stock:Check out Turning Point Correlation, Turning Point Volatility and Turning Point Alpha and Beta module to complement your research on Turning Point. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Turning Stock analysis
When running Turning Point's price analysis, check to measure Turning Point'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 Turning Point is operating at the current time. Most of Turning Point's value examination focuses on studying past and present price action to predict the probability of Turning Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turning Point's price. Additionally, you may evaluate how the addition of Turning Point to your portfolios can decrease your overall portfolio volatility.
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Turning Point 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.