Truecar Stock Market Value
| TRUE Stock | USD 4.16 0.14 3.26% |
| Symbol | TrueCar |
TrueCar Price To Book Ratio
Is Interactive Media & Services 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 TrueCar. If investors know TrueCar 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 TrueCar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 1.874 | Quarterly Revenue Growth 0.131 | Return On Assets (0.06) | Return On Equity (0.19) |
The market value of TrueCar is measured differently than its book value, which is the value of TrueCar that is recorded on the company's balance sheet. Investors also form their own opinion of TrueCar's value that differs from its market value or its book value, called intrinsic value, which is TrueCar'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 TrueCar's market value can be influenced by many factors that don't directly affect TrueCar'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 TrueCar's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueCar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueCar'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.
TrueCar '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 TrueCar'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 TrueCar.
| 10/08/2024 |
| 12/07/2024 |
If you would invest 0.00 in TrueCar on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding TrueCar or generate 0.0% return on investment in TrueCar over 60 days. TrueCar is related to or competes with Thryv Holdings, Outbrain, Comscore, Auto Trader, Arena Group, Cheetah Mobile, and Vivid Seats. TrueCar, Inc. operates as an internet-based information, technology, and communication services company in the United St... More
TrueCar 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 TrueCar'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 TrueCar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 6.07 |
TrueCar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TrueCar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TrueCar's standard deviation. In reality, there are many statistical measures that can use TrueCar historical prices to predict the future TrueCar's volatility.| Risk Adjusted Performance | 0.1268 | |||
| Jensen Alpha | 0.2443 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1265 | |||
| Treynor Ratio | 0.2722 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TrueCar'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.
TrueCar Backtested Returns
TrueCar appears to be moderately volatile, given 3 months investment horizon. TrueCar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting TrueCar's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review TrueCar's Coefficient Of Variation of 620.96, semi deviation of 2.41, and Risk Adjusted Performance of 0.1268 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TrueCar holds a performance score of 13. The entity has a beta of 1.73, 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, TrueCar will likely underperform. Please check TrueCar's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether TrueCar's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
TrueCar has poor predictability. Overlapping area represents the amount of predictability between TrueCar time series from 8th of October 2024 to 7th of November 2024 and 7th of November 2024 to 7th 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 TrueCar price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current TrueCar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
TrueCar lagged returns against current returns
Autocorrelation, which is TrueCar 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 TrueCar's stock expected returns. We can calculate the autocorrelation of TrueCar returns to help us make a trade decision. For example, suppose you find that TrueCar 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 |
TrueCar 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 TrueCar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TrueCar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TrueCar stock over time.
Current vs Lagged Prices |
| Timeline |
TrueCar Lagged Returns
When evaluating TrueCar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TrueCar stock have on its future price. TrueCar 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, TrueCar autocorrelation shows the relationship between TrueCar stock current value and its past values and can show if there is a momentum factor associated with investing in TrueCar.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether TrueCar is a strong investment it is important to analyze TrueCar'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 TrueCar's future performance. For an informed investment choice regarding TrueCar Stock, refer to the following important reports:Check out TrueCar Correlation, TrueCar Volatility and TrueCar Alpha and Beta module to complement your research on TrueCar. For information on how to trade TrueCar Stock refer to our How to Trade TrueCar Stock guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
TrueCar 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.