Tandy Leather Factory Stock Market Value
| TLF Stock | USD 4.81 0.06 1.26% |
| Symbol | Tandy |
Tandy Leather Factory Price To Book Ratio
Is Specialty Retail 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 Tandy Leather. If investors know Tandy 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 Tandy Leather 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 (0.83) | Earnings Share 0.29 | Revenue Per Share 8.938 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0292 |
The market value of Tandy Leather Factory is measured differently than its book value, which is the value of Tandy that is recorded on the company's balance sheet. Investors also form their own opinion of Tandy Leather's value that differs from its market value or its book value, called intrinsic value, which is Tandy Leather'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 Tandy Leather's market value can be influenced by many factors that don't directly affect Tandy Leather'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 Tandy Leather's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tandy Leather is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tandy Leather'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.
Tandy Leather '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 Tandy Leather'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 Tandy Leather.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Tandy Leather on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Tandy Leather Factory or generate 0.0% return on investment in Tandy Leather over 30 days. Tandy Leather is related to or competes with Dixons Carphone, Ceconomy, Winmark, ODP Corp, National Vision, Barnes Noble, and Card Factory. Tandy Leather Factory, Inc., together with its subsidiaries, operates as a retailer of leather and leathercraft-related ... More
Tandy Leather 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 Tandy Leather'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 Tandy Leather Factory upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.17 |
Tandy Leather Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tandy Leather's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tandy Leather's standard deviation. In reality, there are many statistical measures that can use Tandy Leather historical prices to predict the future Tandy Leather's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.3248 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0665 | |||
| Treynor Ratio | (0.36) |
Tandy Leather Factory Backtested Returns
Tandy Leather appears to be slightly risky, given 3 months investment horizon. Tandy Leather Factory owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0926, which indicates the firm had a 0.0926% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tandy Leather Factory, which you can use to evaluate the volatility of the company. Please review Tandy Leather's Coefficient Of Variation of 1222.44, semi deviation of 1.41, and Risk Adjusted Performance of 0.0668 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tandy Leather holds a performance score of 7. The entity has a beta of -0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tandy Leather are expected to decrease at a much lower rate. During the bear market, Tandy Leather is likely to outperform the market. Please check Tandy Leather's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Tandy Leather's existing price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Tandy Leather Factory has insignificant predictability. Overlapping area represents the amount of predictability between Tandy Leather time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Tandy Leather Factory price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Tandy Leather price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Tandy Leather Factory lagged returns against current returns
Autocorrelation, which is Tandy Leather 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 Tandy Leather's stock expected returns. We can calculate the autocorrelation of Tandy Leather returns to help us make a trade decision. For example, suppose you find that Tandy Leather 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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Tandy Leather 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 Tandy Leather stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tandy Leather stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tandy Leather stock over time.
Current vs Lagged Prices |
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Tandy Leather Lagged Returns
When evaluating Tandy Leather's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tandy Leather stock have on its future price. Tandy Leather 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, Tandy Leather autocorrelation shows the relationship between Tandy Leather stock current value and its past values and can show if there is a momentum factor associated with investing in Tandy Leather Factory.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Tandy Leather Factory is a strong investment it is important to analyze Tandy Leather's 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 Tandy Leather's future performance. For an informed investment choice regarding Tandy Stock, refer to the following important reports:Check out Tandy Leather Correlation, Tandy Leather Volatility and Tandy Leather Alpha and Beta module to complement your research on Tandy Leather. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Tandy Leather 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.