Teleflex Incorporated Stock Market Value
| TFX Stock | USD 192.00 0.99 0.52% |
| Symbol | Teleflex |
Teleflex Incorporated Price To Book Ratio
Is Health Care Equipment & Supplies space 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 Teleflex Incorporated. If investors know Teleflex 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 Teleflex Incorporated 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 (0.18) | Dividend Share 1.36 | Earnings Share 5.05 | Revenue Per Share 64.384 | Quarterly Revenue Growth 0.024 |
The market value of Teleflex Incorporated is measured differently than its book value, which is the value of Teleflex that is recorded on the company's balance sheet. Investors also form their own opinion of Teleflex Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Teleflex Incorporated'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 Teleflex Incorporated's market value can be influenced by many factors that don't directly affect Teleflex Incorporated'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 Teleflex Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teleflex Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teleflex Incorporated'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.
Teleflex Incorporated '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 Teleflex Incorporated'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 Teleflex Incorporated.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Teleflex Incorporated on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Teleflex Incorporated or generate 0.0% return on investment in Teleflex Incorporated over 30 days. Teleflex Incorporated is related to or competes with West Pharmaceutical, Alcon AG, ResMed, ICU Medical, Cooper Companies,, Becton Dickinson, and Hologic. Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and... More
Teleflex Incorporated 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 Teleflex Incorporated'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 Teleflex Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 17.0 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.71 |
Teleflex Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teleflex Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teleflex Incorporated's standard deviation. In reality, there are many statistical measures that can use Teleflex Incorporated historical prices to predict the future Teleflex Incorporated's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.41) |
Teleflex Incorporated Backtested Returns
Teleflex Incorporated owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Teleflex Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teleflex Incorporated's Variance of 4.77, risk adjusted performance of (0.11), and Coefficient Of Variation of (680.62) to confirm the risk estimate we provide. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teleflex Incorporated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teleflex Incorporated is expected to be smaller as well. At this point, Teleflex Incorporated has a negative expected return of -0.36%. Please make sure to validate Teleflex Incorporated's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Teleflex Incorporated performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Teleflex Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between Teleflex Incorporated time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Teleflex Incorporated price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Teleflex Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.57 |
Teleflex Incorporated lagged returns against current returns
Autocorrelation, which is Teleflex Incorporated 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 Teleflex Incorporated's stock expected returns. We can calculate the autocorrelation of Teleflex Incorporated returns to help us make a trade decision. For example, suppose you find that Teleflex Incorporated 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 |
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Teleflex Incorporated 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 Teleflex Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teleflex Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teleflex Incorporated stock over time.
Current vs Lagged Prices |
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Teleflex Incorporated Lagged Returns
When evaluating Teleflex Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teleflex Incorporated stock have on its future price. Teleflex Incorporated 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, Teleflex Incorporated autocorrelation shows the relationship between Teleflex Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Teleflex Incorporated.
Regressed Prices |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Teleflex Stock Analysis
When running Teleflex Incorporated's price analysis, check to measure Teleflex Incorporated'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 Teleflex Incorporated is operating at the current time. Most of Teleflex Incorporated's value examination focuses on studying past and present price action to predict the probability of Teleflex Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teleflex Incorporated's price. Additionally, you may evaluate how the addition of Teleflex Incorporated to your portfolios can decrease your overall portfolio volatility.