Transcat Stock Market Value
| TRNS Stock | USD 111.27 3.71 3.23% |
| Symbol | Transcat |
Transcat Price To Book Ratio
Is Transcat'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 Transcat. If investors know Transcat 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 Transcat 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 0.81 | Earnings Share 1.31 | Revenue Per Share 31.583 | Quarterly Revenue Growth 0.135 | Return On Assets 0.0533 |
The market value of Transcat is measured differently than its book value, which is the value of Transcat that is recorded on the company's balance sheet. Investors also form their own opinion of Transcat's value that differs from its market value or its book value, called intrinsic value, which is Transcat'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 Transcat's market value can be influenced by many factors that don't directly affect Transcat'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 Transcat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transcat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transcat'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.
Transcat '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 Transcat'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 Transcat.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Transcat on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Transcat or generate 0.0% return on investment in Transcat over 30 days. Transcat is related to or competes with BlueLinx Holdings, SiteOne Landscape, DXP Enterprises, Core Main, Distribution Solutions, Global Industrial, and Applied Industrial. Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally More
Transcat 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 Transcat'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 Transcat upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 11.99 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 3.26 |
Transcat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transcat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transcat's standard deviation. In reality, there are many statistical measures that can use Transcat historical prices to predict the future Transcat's volatility.| Risk Adjusted Performance | 0.0818 | |||
| Jensen Alpha | 0.0968 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.071 | |||
| Treynor Ratio | 0.1463 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transcat'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.
Transcat Backtested Returns
Transcat appears to be very steady, given 3 months investment horizon. Transcat owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Transcat, which you can use to evaluate the volatility of the company. Please review Transcat's Semi Deviation of 1.83, risk adjusted performance of 0.0818, and Coefficient Of Variation of 833.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Transcat holds a performance score of 8. The entity has a beta of 1.59, 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, Transcat will likely underperform. Please check Transcat's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Transcat's existing price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Transcat has good predictability. Overlapping area represents the amount of predictability between Transcat time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Transcat price movement. The serial correlation of 0.78 indicates that around 78.0% of current Transcat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 7.76 |
Transcat lagged returns against current returns
Autocorrelation, which is Transcat 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 Transcat's stock expected returns. We can calculate the autocorrelation of Transcat returns to help us make a trade decision. For example, suppose you find that Transcat 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 |
Transcat 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 Transcat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transcat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transcat stock over time.
Current vs Lagged Prices |
| Timeline |
Transcat Lagged Returns
When evaluating Transcat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transcat stock have on its future price. Transcat 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, Transcat autocorrelation shows the relationship between Transcat stock current value and its past values and can show if there is a momentum factor associated with investing in Transcat.
Regressed Prices |
| Timeline |
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 Transcat 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, Transcat's short interest history, or implied volatility extrapolated from Transcat options trading.
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When determining whether Transcat is a strong investment it is important to analyze Transcat'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 Transcat's future performance. For an informed investment choice regarding Transcat Stock, refer to the following important reports:Check out Transcat Correlation, Transcat Volatility and Transcat Alpha and Beta module to complement your research on Transcat. For more information on how to buy Transcat Stock please use our How to Invest in Transcat guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Transcat Stock analysis
When running Transcat's price analysis, check to measure Transcat'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 Transcat is operating at the current time. Most of Transcat's value examination focuses on studying past and present price action to predict the probability of Transcat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transcat's price. Additionally, you may evaluate how the addition of Transcat to your portfolios can decrease your overall portfolio volatility.
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Transcat 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.