Techcreate Group Stock Beta
| TCGL Stock | 5.20 0.12 2.26% |
Fundamental analysis of TechCreate allows traders to better anticipate movements in TechCreate's stock price by examining its financial health and performance throughout various phases of its business cycle.
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TechCreate Group Company Beta Analysis
TechCreate's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
TechCreate Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for TechCreate is extremely important. It helps to project a fair market value of TechCreate Stock properly, considering its historical fundamentals such as Beta. Since TechCreate's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TechCreate's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TechCreate's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
In accordance with the recently published financial statements, TechCreate Group has a Beta of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Beta (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
TechCreate Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TechCreate's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TechCreate could also be used in its relative valuation, which is a method of valuing TechCreate by comparing valuation metrics of similar companies.TechCreate is currently under evaluation in beta category among its peers.
About TechCreate Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TechCreate Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TechCreate using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TechCreate Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Is Stock 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 TechCreate. If investors know TechCreate 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 TechCreate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of TechCreate Group is measured differently than its book value, which is the value of TechCreate that is recorded on the company's balance sheet. Investors also form their own opinion of TechCreate's value that differs from its market value or its book value, called intrinsic value, which is TechCreate'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 TechCreate's market value can be influenced by many factors that don't directly affect TechCreate'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 TechCreate's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechCreate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechCreate'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.