Tractor Supply Stock Market Value
| TSCO Stock | USD 283.67 1.71 0.61% |
| Symbol | Tractor |
Tractor Supply Price To Book Ratio
Is Other 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 Tractor Supply. If investors know Tractor 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 Tractor Supply 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 (0.04) | Dividend Share 4.33 | Earnings Share 10.29 | Revenue Per Share 137.078 | Quarterly Revenue Growth 0.016 |
The market value of Tractor Supply is measured differently than its book value, which is the value of Tractor that is recorded on the company's balance sheet. Investors also form their own opinion of Tractor Supply's value that differs from its market value or its book value, called intrinsic value, which is Tractor Supply'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 Tractor Supply's market value can be influenced by many factors that don't directly affect Tractor Supply'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 Tractor Supply's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tractor Supply is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tractor Supply'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.
Tractor Supply '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 Tractor Supply'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 Tractor Supply.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tractor Supply on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Tractor Supply or generate 0.0% return on investment in Tractor Supply over 30 days. Tractor Supply is related to or competes with AutoZone, Advance Auto, Genuine Parts, Five Below, Dicks Sporting, RH, and Best Buy. Tractor Supply Company operates as a rural lifestyle retailer in the United States More
Tractor Supply 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 Tractor Supply'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 Tractor Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.44 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.16 |
Tractor Supply Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tractor Supply's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tractor Supply's standard deviation. In reality, there are many statistical measures that can use Tractor Supply historical prices to predict the future Tractor Supply's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tractor Supply'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.
Tractor Supply Backtested Returns
As of now, Tractor Stock is very steady. Tractor Supply owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the firm had a 0.0677% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tractor Supply, which you can use to evaluate the volatility of the company. Please validate Tractor Supply's Semi Deviation of 1.57, risk adjusted performance of 0.0416, and Coefficient Of Variation of 2094.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Tractor Supply has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Tractor Supply returns are very sensitive to returns on the market. As the market goes up or down, Tractor Supply is expected to follow. Tractor Supply right now has a risk of 1.57%. Please validate Tractor Supply value at risk, and the relationship between the jensen alpha and skewness , to decide if Tractor Supply will be following its existing price patterns.
Auto-correlation | 0.45 |
Average predictability
Tractor Supply has average predictability. Overlapping area represents the amount of predictability between Tractor Supply time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Tractor Supply price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Tractor Supply price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 28.87 |
Tractor Supply lagged returns against current returns
Autocorrelation, which is Tractor Supply 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 Tractor Supply's stock expected returns. We can calculate the autocorrelation of Tractor Supply returns to help us make a trade decision. For example, suppose you find that Tractor Supply 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 |
Tractor Supply 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 Tractor Supply stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tractor Supply stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tractor Supply stock over time.
Current vs Lagged Prices |
| Timeline |
Tractor Supply Lagged Returns
When evaluating Tractor Supply's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tractor Supply stock have on its future price. Tractor Supply 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, Tractor Supply autocorrelation shows the relationship between Tractor Supply stock current value and its past values and can show if there is a momentum factor associated with investing in Tractor Supply.
Regressed Prices |
| Timeline |
Pair Trading with Tractor Supply
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tractor Supply position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tractor Supply will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Tractor Supply could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tractor Supply when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tractor Supply - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tractor Supply to buy it.
The correlation of Tractor Supply is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tractor Supply moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tractor Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tractor Supply can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Tractor Supply Correlation, Tractor Supply Volatility and Tractor Supply Alpha and Beta module to complement your research on Tractor Supply. To learn how to invest in Tractor Stock, please use our How to Invest in Tractor Supply guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Tractor Supply 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.