Target Hospitality Corp Stock Market Value
| TH Stock | USD 8.30 0.05 0.60% |
| Symbol | Target |
Target Hospitality Corp Price To Book Ratio
Is Hotels, Resorts & Cruise Lines 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 Target Hospitality. If investors know Target 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 Target Hospitality 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 (0.54) | Earnings Share 0.87 | Revenue Per Share 4.256 | Quarterly Revenue Growth (0.35) | Return On Assets 0.1237 |
The market value of Target Hospitality Corp is measured differently than its book value, which is the value of Target that is recorded on the company's balance sheet. Investors also form their own opinion of Target Hospitality's value that differs from its market value or its book value, called intrinsic value, which is Target Hospitality'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 Target Hospitality's market value can be influenced by many factors that don't directly affect Target Hospitality'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 Target Hospitality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Target Hospitality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Target Hospitality'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.
Target Hospitality '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 Target Hospitality'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 Target Hospitality.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Target Hospitality on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Target Hospitality Corp or generate 0.0% return on investment in Target Hospitality over 30 days. Target Hospitality is related to or competes with Civeo Corp, ABM Industries, Maximus, Cass Information, First Advantage, Rentokil Initial, and CBIZ. Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America More
Target Hospitality 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 Target Hospitality'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 Target Hospitality Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.89 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 5.19 |
Target Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target Hospitality's standard deviation. In reality, there are many statistical measures that can use Target Hospitality historical prices to predict the future Target Hospitality's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.12) |
Target Hospitality Corp Backtested Returns
Target Hospitality Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0481, which indicates the firm had a -0.0481% return per unit of risk over the last 3 months. Target Hospitality Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Target Hospitality's Variance of 11.45, coefficient of variation of (2,141), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 1.38, 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, Target Hospitality will likely underperform. At this point, Target Hospitality Corp has a negative expected return of -0.17%. Please make sure to validate Target Hospitality's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Target Hospitality Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Target Hospitality Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Target Hospitality time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Target Hospitality Corp price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Target Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Target Hospitality Corp lagged returns against current returns
Autocorrelation, which is Target Hospitality 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 Target Hospitality's stock expected returns. We can calculate the autocorrelation of Target Hospitality returns to help us make a trade decision. For example, suppose you find that Target Hospitality 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 |
Target Hospitality 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 Target Hospitality stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target Hospitality stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target Hospitality stock over time.
Current vs Lagged Prices |
| Timeline |
Target Hospitality Lagged Returns
When evaluating Target Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target Hospitality stock have on its future price. Target Hospitality 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, Target Hospitality autocorrelation shows the relationship between Target Hospitality stock current value and its past values and can show if there is a momentum factor associated with investing in Target Hospitality Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Target Hospitality Correlation, Target Hospitality Volatility and Target Hospitality Alpha and Beta module to complement your research on Target Hospitality. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Target Hospitality 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.