Techtarget Stock Market Value
| TTGT Stock | USD 28.00 0.77 2.68% |
| Symbol | TechTarget |
TechTarget Price To Book Ratio
Is TechTarget'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 TechTarget. If investors know TechTarget 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 TechTarget 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 (0.87) | Earnings Share 0.16 | Revenue Per Share 8.118 | Quarterly Revenue Growth (0.22) | Return On Assets (0) |
The market value of TechTarget is measured differently than its book value, which is the value of TechTarget that is recorded on the company's balance sheet. Investors also form their own opinion of TechTarget's value that differs from its market value or its book value, called intrinsic value, which is TechTarget'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 TechTarget's market value can be influenced by many factors that don't directly affect TechTarget'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 TechTarget's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechTarget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechTarget'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.
TechTarget '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 TechTarget'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 TechTarget.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in TechTarget on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding TechTarget or generate 0.0% return on investment in TechTarget over 30 days. TechTarget is related to or competes with Shutterstock, IAC, Zillow, PropertyGuru, Arena Group, and Cheetah Mobile. TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for... More
TechTarget 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 TechTarget'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 TechTarget upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.55 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.87 |
TechTarget Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechTarget's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechTarget's standard deviation. In reality, there are many statistical measures that can use TechTarget historical prices to predict the future TechTarget's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TechTarget'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.
TechTarget Backtested Returns
TechTarget owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. TechTarget exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TechTarget's Risk Adjusted Performance of (0.08), coefficient of variation of (737.29), and Variance of 4.26 to confirm the risk estimate we provide. The entity has a beta of 1.58, 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, TechTarget will likely underperform. TechTarget has an expected return of -0.26%. Please make sure to validate TechTarget coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if TechTarget performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
TechTarget has very good reverse predictability. Overlapping area represents the amount of predictability between TechTarget time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 TechTarget price movement. The serial correlation of -0.66 indicates that around 66.0% of current TechTarget price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
TechTarget lagged returns against current returns
Autocorrelation, which is TechTarget 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 TechTarget's stock expected returns. We can calculate the autocorrelation of TechTarget returns to help us make a trade decision. For example, suppose you find that TechTarget 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 |
TechTarget 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 TechTarget stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechTarget stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechTarget stock over time.
Current vs Lagged Prices |
| Timeline |
TechTarget Lagged Returns
When evaluating TechTarget's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechTarget stock have on its future price. TechTarget 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, TechTarget autocorrelation shows the relationship between TechTarget stock current value and its past values and can show if there is a momentum factor associated with investing in TechTarget.
Regressed Prices |
| Timeline |
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Check out TechTarget Correlation, TechTarget Volatility and TechTarget Alpha and Beta module to complement your research on TechTarget. For more information on how to buy TechTarget Stock please use our How to Invest in TechTarget guide.Note that the TechTarget information on this page should be used as a complementary analysis to other TechTarget'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for TechTarget Stock analysis
When running TechTarget's price analysis, check to measure TechTarget'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 TechTarget is operating at the current time. Most of TechTarget's value examination focuses on studying past and present price action to predict the probability of TechTarget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechTarget's price. Additionally, you may evaluate how the addition of TechTarget to your portfolios can decrease your overall portfolio volatility.
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TechTarget 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.