Tandem Diabetes Care Stock Market Value
| TNDM Stock | USD 31.73 1.30 4.27% |
| Symbol | Tandem |
Tandem Diabetes Care Price To Book Ratio
Is Tandem Diabetes' 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 Tandem Diabetes. If investors know Tandem 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 Tandem Diabetes 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) | Earnings Share (3.43) | Revenue Per Share 11.509 | Quarterly Revenue Growth (0.11) | Return On Assets (0.1) |
The market value of Tandem Diabetes Care is measured differently than its book value, which is the value of Tandem that is recorded on the company's balance sheet. Investors also form their own opinion of Tandem Diabetes' value that differs from its market value or its book value, called intrinsic value, which is Tandem Diabetes' 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 Tandem Diabetes' market value can be influenced by many factors that don't directly affect Tandem Diabetes' 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 Tandem Diabetes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tandem Diabetes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tandem Diabetes' 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.
Tandem Diabetes '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 Tandem Diabetes' 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 Tandem Diabetes.
| 09/26/2023 |
| 04/23/2024 |
If you would invest 0.00 in Tandem Diabetes on September 26, 2023 and sell it all today you would earn a total of 0.00 from holding Tandem Diabetes Care or generate 0.0% return on investment in Tandem Diabetes over 210 days. Tandem Diabetes is related to or competes with HealthStream, National Research, HealthEquity, Health Catalyst, and Definitive Healthcare. Tandem Diabetes Care, Inc., a medical device company, designs, develops, and commercializes various products for people ... More
Tandem Diabetes 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 Tandem Diabetes' 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 Tandem Diabetes Care upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 29.46 | |||
| Value At Risk | (5.27) | |||
| Potential Upside | 10.86 |
Tandem Diabetes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tandem Diabetes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tandem Diabetes' standard deviation. In reality, there are many statistical measures that can use Tandem Diabetes historical prices to predict the future Tandem Diabetes' volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 0.2872 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.103 | |||
| Treynor Ratio | 0.2027 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tandem Diabetes' 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.
Tandem Diabetes Care Backtested Returns
Tandem Diabetes appears to be not too volatile, given 3 months investment horizon. Tandem Diabetes Care owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Tandem Diabetes' technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Tandem Diabetes' Risk Adjusted Performance of 0.0674, semi deviation of 3.44, and Coefficient Of Variation of 1043.1 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tandem Diabetes holds a performance score of 9. The entity has a beta of 2.26, 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, Tandem Diabetes will likely underperform. Please check Tandem Diabetes' value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Tandem Diabetes' existing price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Tandem Diabetes Care has good predictability. Overlapping area represents the amount of predictability between Tandem Diabetes time series from 26th of September 2023 to 9th of January 2024 and 9th of January 2024 to 23rd 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 Tandem Diabetes Care price movement. The serial correlation of 0.77 indicates that around 77.0% of current Tandem Diabetes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 16.55 |
Tandem Diabetes Care lagged returns against current returns
Autocorrelation, which is Tandem Diabetes 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 Tandem Diabetes' stock expected returns. We can calculate the autocorrelation of Tandem Diabetes returns to help us make a trade decision. For example, suppose you find that Tandem Diabetes 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 |
Tandem Diabetes 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 Tandem Diabetes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tandem Diabetes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tandem Diabetes stock over time.
Current vs Lagged Prices |
| Timeline |
Tandem Diabetes Lagged Returns
When evaluating Tandem Diabetes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tandem Diabetes stock have on its future price. Tandem Diabetes 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, Tandem Diabetes autocorrelation shows the relationship between Tandem Diabetes stock current value and its past values and can show if there is a momentum factor associated with investing in Tandem Diabetes Care.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tandem Diabetes Care is a strong investment it is important to analyze Tandem Diabetes' 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 Tandem Diabetes' future performance. For an informed investment choice regarding Tandem Stock, refer to the following important reports:Check out Tandem Diabetes Correlation, Tandem Diabetes Volatility and Tandem Diabetes Alpha and Beta module to complement your research on Tandem Diabetes. Note that the Tandem Diabetes Care information on this page should be used as a complementary analysis to other Tandem Diabetes' 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Tandem Stock analysis
When running Tandem Diabetes' price analysis, check to measure Tandem Diabetes' 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 Tandem Diabetes is operating at the current time. Most of Tandem Diabetes' value examination focuses on studying past and present price action to predict the probability of Tandem Diabetes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tandem Diabetes' price. Additionally, you may evaluate how the addition of Tandem Diabetes to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Tandem Diabetes 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.