Turtle Beach Corp Stock Market Value
| HEAR Stock | USD 14.14 0.26 1.81% |
| Symbol | Turtle |
Turtle Beach Corp Price To Book Ratio
Is Turtle Beach'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 Turtle Beach. If investors know Turtle 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 Turtle Beach 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 (0.73) | Earnings Share (1.03) | Revenue Per Share 15.064 | Quarterly Revenue Growth (0.01) | Return On Assets (0.06) |
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach'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 Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach'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 Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turtle Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach'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.
Turtle Beach '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 Turtle Beach'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 Turtle Beach.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Turtle Beach on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Turtle Beach Corp or generate 0.0% return on investment in Turtle Beach over 30 days. Turtle Beach is related to or competes with Brunswick, Ralph Lauren, Under Armour, Dogness International, BRP, Twin Vee, and Dixie. Turtle Beach Corporation operates as an audio technology company More
Turtle Beach 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 Turtle Beach'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 Turtle Beach Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 30.84 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 8.7 |
Turtle Beach Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turtle Beach's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turtle Beach's standard deviation. In reality, there are many statistical measures that can use Turtle Beach historical prices to predict the future Turtle Beach's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.5466 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1923 | |||
| Treynor Ratio | 0.9304 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Turtle Beach'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.
Turtle Beach Corp Backtested Returns
Turtle Beach appears to be somewhat reliable, given 3 months investment horizon. Turtle Beach Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0868, which indicates the firm had a 0.0868% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Turtle Beach Corp, which you can use to evaluate the volatility of the company. Please review Turtle Beach's Coefficient Of Variation of 789.77, semi deviation of 2.33, and Risk Adjusted Performance of 0.0867 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turtle Beach holds a performance score of 6. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Turtle Beach's returns are expected to increase less than the market. However, during the bear market, the loss of holding Turtle Beach is expected to be smaller as well. Please check Turtle Beach's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Turtle Beach's existing price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Turtle Beach Corp has average predictability. Overlapping area represents the amount of predictability between Turtle Beach time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Turtle Beach Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Turtle Beach price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Turtle Beach Corp lagged returns against current returns
Autocorrelation, which is Turtle Beach 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 Turtle Beach's stock expected returns. We can calculate the autocorrelation of Turtle Beach returns to help us make a trade decision. For example, suppose you find that Turtle Beach 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 |
Turtle Beach 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 Turtle Beach stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turtle Beach stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turtle Beach stock over time.
Current vs Lagged Prices |
| Timeline |
Turtle Beach Lagged Returns
When evaluating Turtle Beach's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turtle Beach stock have on its future price. Turtle Beach 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, Turtle Beach autocorrelation shows the relationship between Turtle Beach stock current value and its past values and can show if there is a momentum factor associated with investing in Turtle Beach Corp.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Turtle Beach Correlation, Turtle Beach Volatility and Turtle Beach Alpha and Beta module to complement your research on Turtle Beach. Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Turtle Stock analysis
When running Turtle Beach's price analysis, check to measure Turtle Beach'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 Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.
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Turtle Beach 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.