Taskus Inc Stock Market Value
| TASK Stock | USD 14.66 0.33 2.20% |
| Symbol | Taskus |
Taskus Inc Price To Book Ratio
Is Data Processing & Outsourced 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 Taskus. If investors know Taskus 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 Taskus 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 0.4 | Earnings Share 0.58 | Revenue Per Share 10.752 | Quarterly Revenue Growth 0.132 | Return On Assets 0.0762 |
The market value of Taskus Inc is measured differently than its book value, which is the value of Taskus that is recorded on the company's balance sheet. Investors also form their own opinion of Taskus' value that differs from its market value or its book value, called intrinsic value, which is Taskus' 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 Taskus' market value can be influenced by many factors that don't directly affect Taskus' 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 Taskus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taskus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taskus' 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.
Taskus '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 Taskus' 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 Taskus.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Taskus on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Taskus Inc or generate 0.0% return on investment in Taskus over 180 days. Taskus is related to or competes with Hackett, WNS Holdings, ASGN, Genpact, TTEC Holdings, ExlService Holdings, and Gartner. TaskUs, Inc. provides digital outsourcing services for companies worldwide More
Taskus 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 Taskus' 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 Taskus Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.5 | |||
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 40.44 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.93 |
Taskus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taskus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taskus' standard deviation. In reality, there are many statistical measures that can use Taskus historical prices to predict the future Taskus' volatility.| Risk Adjusted Performance | 0.0472 | |||
| Jensen Alpha | 0.038 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | 0.1547 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taskus' 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.
Taskus Inc Backtested Returns
Taskus appears to be somewhat reliable, given 3 months investment horizon. Taskus Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0662, which indicates the firm had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taskus Inc, which you can use to evaluate the volatility of the company. Please review Taskus' Risk Adjusted Performance of 0.0472, semi deviation of 4.18, and Coefficient Of Variation of 1964.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taskus holds a performance score of 5. The entity has a beta of 1.4, 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, Taskus will likely underperform. Please check Taskus' downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Taskus' existing price patterns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Taskus Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Taskus time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Taskus Inc price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Taskus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Taskus Inc lagged returns against current returns
Autocorrelation, which is Taskus 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 Taskus' stock expected returns. We can calculate the autocorrelation of Taskus returns to help us make a trade decision. For example, suppose you find that Taskus 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 |
Taskus 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 Taskus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taskus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taskus stock over time.
Current vs Lagged Prices |
| Timeline |
Taskus Lagged Returns
When evaluating Taskus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taskus stock have on its future price. Taskus 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, Taskus autocorrelation shows the relationship between Taskus stock current value and its past values and can show if there is a momentum factor associated with investing in Taskus Inc.
Regressed Prices |
| Timeline |
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Taskus 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.