Tricon Capital Group Stock Market Value
| TCN Stock | USD 10.95 0.06 0.54% |
| Symbol | Tricon |
Tricon Capital Group Price To Book Ratio
Is Tricon Capital'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 Tricon Capital. If investors know Tricon 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 Tricon Capital 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 (0.62) | Dividend Share 0.232 | Earnings Share 0.41 | Revenue Per Share 3.233 | Quarterly Revenue Growth 0.135 |
The market value of Tricon Capital Group is measured differently than its book value, which is the value of Tricon that is recorded on the company's balance sheet. Investors also form their own opinion of Tricon Capital's value that differs from its market value or its book value, called intrinsic value, which is Tricon Capital'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 Tricon Capital's market value can be influenced by many factors that don't directly affect Tricon Capital'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 Tricon Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tricon Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tricon Capital'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.
Tricon Capital '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 Tricon Capital'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 Tricon Capital.
| 01/22/2023 |
| 04/16/2024 |
If you would invest 0.00 in Tricon Capital on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding Tricon Capital Group or generate 0.0% return on investment in Tricon Capital over 450 days. Tricon Capital is related to or competes with Fangdd Network, and Ucommune International. Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic More
Tricon Capital 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 Tricon Capital'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 Tricon Capital Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8943 | |||
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 29.44 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.362 |
Tricon Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tricon Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tricon Capital's standard deviation. In reality, there are many statistical measures that can use Tricon Capital historical prices to predict the future Tricon Capital's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.2781 | |||
| Total Risk Alpha | 0.0311 | |||
| Sortino Ratio | 0.3077 | |||
| Treynor Ratio | 0.3467 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tricon Capital'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.
Tricon Capital Group Backtested Returns
Tricon Capital appears to be somewhat reliable, given 3 months investment horizon. Tricon Capital Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tricon Capital Group, which you can use to evaluate the volatility of the company. Please review Tricon Capital's Risk Adjusted Performance of 0.0682, downside deviation of 0.8943, and Standard Deviation of 3.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tricon Capital holds a performance score of 9. The entity has a beta of 0.95, which indicates possible diversification benefits within a given portfolio. Tricon Capital returns are very sensitive to returns on the market. As the market goes up or down, Tricon Capital is expected to follow. Please check Tricon Capital's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Tricon Capital's existing price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Tricon Capital Group has good predictability. Overlapping area represents the amount of predictability between Tricon Capital time series from 22nd of January 2023 to 4th of September 2023 and 4th of September 2023 to 16th 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 Tricon Capital Group price movement. The serial correlation of 0.68 indicates that around 68.0% of current Tricon Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.89 |
Tricon Capital Group lagged returns against current returns
Autocorrelation, which is Tricon Capital 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 Tricon Capital's stock expected returns. We can calculate the autocorrelation of Tricon Capital returns to help us make a trade decision. For example, suppose you find that Tricon Capital 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 |
Tricon Capital 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 Tricon Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tricon Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tricon Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Tricon Capital Lagged Returns
When evaluating Tricon Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tricon Capital stock have on its future price. Tricon Capital 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, Tricon Capital autocorrelation shows the relationship between Tricon Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Tricon Capital Group.
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 Tricon Capital 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, Tricon Capital's short interest history, or implied volatility extrapolated from Tricon Capital options trading.
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Check out Tricon Capital Correlation, Tricon Capital Volatility and Tricon Capital Alpha and Beta module to complement your research on Tricon Capital. Note that the Tricon Capital Group information on this page should be used as a complementary analysis to other Tricon Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Tricon Stock analysis
When running Tricon Capital's price analysis, check to measure Tricon Capital'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 Tricon Capital is operating at the current time. Most of Tricon Capital's value examination focuses on studying past and present price action to predict the probability of Tricon Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tricon Capital's price. Additionally, you may evaluate how the addition of Tricon Capital to your portfolios can decrease your overall portfolio volatility.
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Tricon Capital 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.