Taoping Stock Market Value
| TAOP Stock | USD 0.36 0.03 7.69% |
| Symbol | Taoping |
Taoping Price To Book Ratio
Is IT Consulting & Other 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 Taoping. If investors know Taoping 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 Taoping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 | Revenue Per Share 12.798 | Quarterly Revenue Growth 0.284 | Return On Assets 0.0271 | Return On Equity 0.1697 |
The market value of Taoping is measured differently than its book value, which is the value of Taoping that is recorded on the company's balance sheet. Investors also form their own opinion of Taoping's value that differs from its market value or its book value, called intrinsic value, which is Taoping'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 Taoping's market value can be influenced by many factors that don't directly affect Taoping'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 Taoping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Taoping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taoping'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.
Taoping '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 Taoping'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 Taoping.
| 10/16/2024 |
| 11/15/2024 |
If you would invest 0.00 in Taoping on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Taoping or generate 0.0% return on investment in Taoping over 30 days. Taoping is related to or competes with Global Blue, Bridgeline Digital, Cerberus Cyber, CiT, Zenvia, Datasea, and Aurora Mobile. Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education... More
Taoping 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 Taoping'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 Taoping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 43.55 | |||
| Value At Risk | (8.97) | |||
| Potential Upside | 12.5 |
Taoping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taoping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taoping's standard deviation. In reality, there are many statistical measures that can use Taoping historical prices to predict the future Taoping's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | (0.13) |
Taoping Backtested Returns
Taoping owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0437, which indicates the firm had a -0.0437% return per unit of risk over the last 3 months. Taoping exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taoping's Variance of 60.53, insignificant risk adjusted performance, and Coefficient Of Variation of (6,006) to confirm the risk estimate we provide. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. Taoping returns are very sensitive to returns on the market. As the market goes up or down, Taoping is expected to follow. At this point, Taoping has a negative expected return of -0.35%. Please make sure to validate Taoping's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Taoping performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Taoping has very good predictability. Overlapping area represents the amount of predictability between Taoping time series from 16th of October 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 Taoping price movement. The serial correlation of 0.83 indicates that around 83.0% of current Taoping price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Taoping lagged returns against current returns
Autocorrelation, which is Taoping 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 Taoping's stock expected returns. We can calculate the autocorrelation of Taoping returns to help us make a trade decision. For example, suppose you find that Taoping 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 |
Taoping 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 Taoping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taoping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taoping stock over time.
Current vs Lagged Prices |
| Timeline |
Taoping Lagged Returns
When evaluating Taoping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taoping stock have on its future price. Taoping 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, Taoping autocorrelation shows the relationship between Taoping stock current value and its past values and can show if there is a momentum factor associated with investing in Taoping.
Regressed Prices |
| Timeline |
Pair Trading with Taoping
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 Taoping 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 Taoping will appreciate offsetting losses from the drop in the long position's value.Moving against Taoping Stock
| 0.66 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.63 | FLYW | Flywire Corp | PairCorr |
| 0.55 | EVCM | EverCommerce | PairCorr |
| 0.5 | SQ | Block Inc Tech Boost | PairCorr |
| 0.47 | FIVN | Five9 Inc | PairCorr |
The ability to find closely correlated positions to Taoping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taoping 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 Taoping - 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 Taoping to buy it.
The correlation of Taoping 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 Taoping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taoping 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 Taoping 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.Additional Tools for Taoping Stock Analysis
When running Taoping's price analysis, check to measure Taoping'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 Taoping is operating at the current time. Most of Taoping's value examination focuses on studying past and present price action to predict the probability of Taoping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taoping's price. Additionally, you may evaluate how the addition of Taoping to your portfolios can decrease your overall portfolio volatility.