Tootsie Roll Industries Stock Market Value
| TR Stock | USD 30.63 0.20 0.66% |
| Symbol | Tootsie |
Tootsie Roll Industries Price To Book Ratio
Is Packaged Foods & Meats 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 Tootsie Roll. If investors know Tootsie 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 Tootsie Roll 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 0.073 | Dividend Share 0.355 | Earnings Share 1.33 | Revenue Per Share 10.502 | Quarterly Revenue Growth (0.06) |
The market value of Tootsie Roll Industries is measured differently than its book value, which is the value of Tootsie that is recorded on the company's balance sheet. Investors also form their own opinion of Tootsie Roll's value that differs from its market value or its book value, called intrinsic value, which is Tootsie Roll'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 Tootsie Roll's market value can be influenced by many factors that don't directly affect Tootsie Roll'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 Tootsie Roll's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tootsie Roll is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tootsie Roll'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.
Tootsie Roll '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 Tootsie Roll'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 Tootsie Roll.
| 11/19/2022 |
| 11/08/2024 |
If you would invest 0.00 in Tootsie Roll on November 19, 2022 and sell it all today you would earn a total of 0.00 from holding Tootsie Roll Industries or generate 0.0% return on investment in Tootsie Roll over 720 days. Tootsie Roll is related to or competes with Mondelez International, Hershey, Rocky Mountain, Chocoladefabriken, and Barry Callebaut. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of confectionery products... More
Tootsie Roll 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 Tootsie Roll'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 Tootsie Roll Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.04 |
Tootsie Roll Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tootsie Roll's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tootsie Roll's standard deviation. In reality, there are many statistical measures that can use Tootsie Roll historical prices to predict the future Tootsie Roll's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.481 |
Tootsie Roll Industries Backtested Returns
Currently, Tootsie Roll Industries is very steady. Tootsie Roll Industries 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. We have found twenty-nine technical indicators for Tootsie Roll Industries, which you can use to evaluate the volatility of the company. Please validate Tootsie Roll's Coefficient Of Variation of 1268.6, risk adjusted performance of 0.0659, and Semi Deviation of 1.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Tootsie Roll has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tootsie Roll's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tootsie Roll is expected to be smaller as well. Tootsie Roll Industries right now has a risk of 1.34%. Please validate Tootsie Roll potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Tootsie Roll will be following its existing price patterns.
Auto-correlation | 0.51 |
Modest predictability
Tootsie Roll Industries has modest predictability. Overlapping area represents the amount of predictability between Tootsie Roll time series from 19th of November 2022 to 14th of November 2023 and 14th of November 2023 to 8th 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 Tootsie Roll Industries price movement. The serial correlation of 0.51 indicates that about 51.0% of current Tootsie Roll price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Tootsie Roll Industries lagged returns against current returns
Autocorrelation, which is Tootsie Roll 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 Tootsie Roll's stock expected returns. We can calculate the autocorrelation of Tootsie Roll returns to help us make a trade decision. For example, suppose you find that Tootsie Roll 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 |
Tootsie Roll 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 Tootsie Roll stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tootsie Roll stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tootsie Roll stock over time.
Current vs Lagged Prices |
| Timeline |
Tootsie Roll Lagged Returns
When evaluating Tootsie Roll's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tootsie Roll stock have on its future price. Tootsie Roll 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, Tootsie Roll autocorrelation shows the relationship between Tootsie Roll stock current value and its past values and can show if there is a momentum factor associated with investing in Tootsie Roll Industries.
Regressed Prices |
| Timeline |
Pair Trading with Tootsie Roll
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 Tootsie Roll 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 Tootsie Roll will appreciate offsetting losses from the drop in the long position's value.Moving against Tootsie Stock
| 0.62 | DG | Dollar General | PairCorr |
| 0.61 | CCU | Compania Cervecerias | PairCorr |
| 0.5 | BJ | BJs Wholesale Club | PairCorr |
| 0.49 | FMX | Fomento Economico | PairCorr |
| 0.47 | XXII | 22nd Century Group | PairCorr |
The ability to find closely correlated positions to Tootsie Roll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tootsie Roll 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 Tootsie Roll - 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 Tootsie Roll Industries to buy it.
The correlation of Tootsie Roll 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 Tootsie Roll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tootsie Roll Industries 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 Tootsie Roll 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 Tootsie Stock Analysis
When running Tootsie Roll's price analysis, check to measure Tootsie Roll'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 Tootsie Roll is operating at the current time. Most of Tootsie Roll's value examination focuses on studying past and present price action to predict the probability of Tootsie Roll's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tootsie Roll's price. Additionally, you may evaluate how the addition of Tootsie Roll to your portfolios can decrease your overall portfolio volatility.