TUESDAY Stock Market Value

TUEM -  USA Stock  

USD 2.72  0.13  5.02%

TUESDAY MORNING's market value is the price at which a share of TUESDAY MORNING stock trades on a public exchange. It measures the collective expectations of TUESDAY MORNING CORP investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of TUESDAY MORNING CORP and determine expected loss or profit from investing in TUESDAY MORNING over a given investment horizon. Additionally, take a look at TUESDAY MORNING Hype Analysis, TUESDAY MORNING Correlation, TUESDAY MORNING Valuation, TUESDAY MORNING Volatility, as well as analyze TUESDAY MORNING Alpha and Beta and TUESDAY MORNING Performance.
Symbol
Backtest


The market value of TUESDAY MORNING CORP is measured differently than its book value, which is the value of TUESDAY that is recorded on the company's balance sheet. Investors also form their own opinion of TUESDAY MORNING's value that differs from its market value or its book value, called intrinsic value, which is TUESDAY MORNING'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 TUESDAY MORNING's market value can be influenced by many factors that don't directly affect TUESDAY MORNING CORP underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TUESDAY MORNING's value and its price as these two are different measures arrived at by different means. Investors typically determine TUESDAY MORNING value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TUESDAY MORNING'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.

TUESDAY MORNING '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 TUESDAY MORNING'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 TUESDAY MORNING.
0.00
08/25/2021
No Change 0.00  0.0 
In 30 days
09/24/2021
0.00
If you would invest  0.00  in TUESDAY MORNING on August 25, 2021 and sell it all today you would earn a total of 0.00 from holding TUESDAY MORNING CORP or generate 0.0% return on investment in TUESDAY MORNING over 30 days. TUESDAY MORNING is related to or competes with OReilly Automotive, Autozone, Best Buy, Tractor Supply, Nitori Holdings, Nitori Holdings, and Ulta Beauty. Tuesday Morning Corporation operates as an off-price retailer in the United States

TUESDAY MORNING 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 TUESDAY MORNING'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 TUESDAY MORNING CORP upside and downside potential and time the market with a certain degree of confidence.

TUESDAY MORNING Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TUESDAY MORNING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TUESDAY MORNING's standard deviation. In reality, there are many statistical measures that can use TUESDAY MORNING historical prices to predict the future TUESDAY MORNING's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of TUESDAY MORNING'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. Please use the tools below to analyze the current value of TUESDAY MORNING in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.132.6810.85
Details
Intrinsic
Valuation
LowReal ValueHigh
0.122.4510.62
Details
Naive
Forecast
LowNext ValueHigh
0.063.0011.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.353.154.94
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TUESDAY MORNING. Your research has to be compared to or analyzed against TUESDAY MORNING's peers to derive any actionable benefits. When done correctly, TUESDAY MORNING's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in TUESDAY MORNING CORP.

TUESDAY MORNING CORP Backtested Returns

TUESDAY MORNING CORP owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0529, which indicates the firm had -0.0529% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. TUESDAY MORNING CORP exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate TUESDAY MORNING coefficient of variation of (2,467), and Risk Adjusted Performance of (0.018997) to confirm the risk estimate we provide.
The entity has a beta of -0.1846, which indicates not very significant fluctuations relative to the market. Let's try to break down what TUESDAY's beta means in this case. As returns on the market increase, returns on owning TUESDAY MORNING are expected to decrease at a much lower rate. During the bear market, TUESDAY MORNING is likely to outperform the market. Even though it is essential to pay attention to TUESDAY MORNING CORP current price movements, it is always good to be careful when utilizing equity historical returns. Our approach towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. TUESDAY MORNING CORP exposes twenty-one different technical indicators, which can help you to evaluate its performance. TUESDAY MORNING CORP has an expected return of -0.43%. Please be advised to validate TUESDAY MORNING information ratio, as well as the relationship between the potential upside and kurtosis to decide if TUESDAY MORNING CORP performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.11)   

Insignificant reverse predictability

TUESDAY MORNING CORP has insignificant reverse predictability. Overlapping area represents the amount of predictability between TUESDAY MORNING time series from 25th of August 2021 to 9th of September 2021 and 9th of September 2021 to 24th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TUESDAY MORNING CORP price movement. The serial correlation of -0.11 indicates that less than 11.0% of current TUESDAY MORNING price fluctuation can be explain by its past prices. Given that TUESDAY MORNING CORP has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of TUESDAY MORNING for similar time interval.
Correlation Coefficient-0.11
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.14

TUESDAY MORNING CORP lagged returns against current returns

Autocorrelation, which is TUESDAY MORNING 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 TUESDAY MORNING's stock expected returns. We can calculate the autocorrelation of TUESDAY MORNING returns to help us make a trade decision. For example, suppose you find that TUESDAY MORNING stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

TUESDAY MORNING 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 TUESDAY MORNING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TUESDAY MORNING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TUESDAY MORNING stock over time.
 Current vs Lagged Prices 
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      Timeline 

TUESDAY MORNING Lagged Returns

When evaluating TUESDAY MORNING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TUESDAY MORNING stock have on its future price. TUESDAY MORNING 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, TUESDAY MORNING autocorrelation shows the relationship between TUESDAY MORNING stock current value and its past values and can show if there is a momentum factor associated with investing in TUESDAY MORNING CORP.
 Regressed Prices 
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      Timeline 

TUESDAY MORNING Investors Sentiment

The influence of TUESDAY MORNING'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 TUESDAY. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - TUEM

TUESDAY MORNING CORP Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in TUESDAY MORNING CORP. What is your outlook on investing in TUESDAY MORNING CORP? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Additionally, take a look at TUESDAY MORNING Hype Analysis, TUESDAY MORNING Correlation, TUESDAY MORNING Valuation, TUESDAY MORNING Volatility, as well as analyze TUESDAY MORNING Alpha and Beta and TUESDAY MORNING Performance. Note that the TUESDAY MORNING CORP information on this page should be used as a complementary analysis to other TUESDAY MORNING'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for TUESDAY Stock analysis

When running TUESDAY MORNING CORP price analysis, check to measure TUESDAY MORNING'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 TUESDAY MORNING is operating at the current time. Most of TUESDAY MORNING's value examination focuses on studying past and present price action to predict the probability of TUESDAY MORNING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move TUESDAY MORNING's price. Additionally, you may evaluate how the addition of TUESDAY MORNING to your portfolios can decrease your overall portfolio volatility.
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TUESDAY MORNING 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.
A focus of TUESDAY MORNING technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of TUESDAY MORNING trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...