Tilray Inc Stock Market Value
| TLRY Stock | USD 1.95 0.03 1.52% |
| Symbol | Tilray |
Tilray Inc Price To Book Ratio
Is Tilray's industry 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 Tilray. If investors know Tilray 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 Tilray listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 1.042 | Quarterly Revenue Growth 0.294 | Return On Assets (0.02) | Return On Equity (0.1) |
The market value of Tilray Inc is measured differently than its book value, which is the value of Tilray that is recorded on the company's balance sheet. Investors also form their own opinion of Tilray's value that differs from its market value or its book value, called intrinsic value, which is Tilray'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 Tilray's market value can be influenced by many factors that don't directly affect Tilray'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 Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray'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.
Tilray '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 Tilray'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 Tilray.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Tilray on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Tilray Inc or generate 0.0% return on investment in Tilray over 30 days. Tilray is related to or competes with Canopy Growth, Cronos, SNDL, Aurora Cannabis, OrganiGram Holdings, and Curaleaf Holdings. Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis pr... More
Tilray 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 Tilray'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 Tilray Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.73 | |||
| Information Ratio | 0.0353 | |||
| Maximum Drawdown | 57.77 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 10.98 |
Tilray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tilray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tilray's standard deviation. In reality, there are many statistical measures that can use Tilray historical prices to predict the future Tilray's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.334 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | 2.68 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tilray's 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.
Tilray Inc Backtested Returns
Tilray appears to be extremely dangerous, given 3 months investment horizon. Tilray Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0451, which indicates the firm had a 0.0451% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tilray Inc, which you can use to evaluate the volatility of the company. Please review Tilray's Risk Adjusted Performance of 0.0376, coefficient of variation of 2195.72, and Semi Deviation of 5.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tilray holds a performance score of 3. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tilray's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tilray is expected to be smaller as well. Please check Tilray's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Tilray's existing price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Tilray Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Tilray time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 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 Tilray Inc price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Tilray price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Tilray Inc lagged returns against current returns
Autocorrelation, which is Tilray 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 Tilray's stock expected returns. We can calculate the autocorrelation of Tilray returns to help us make a trade decision. For example, suppose you find that Tilray 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 |
Tilray 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 Tilray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tilray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tilray stock over time.
Current vs Lagged Prices |
| Timeline |
Tilray Lagged Returns
When evaluating Tilray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tilray stock have on its future price. Tilray 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, Tilray autocorrelation shows the relationship between Tilray stock current value and its past values and can show if there is a momentum factor associated with investing in Tilray Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock:Check out Tilray Correlation, Tilray Volatility and Tilray Alpha and Beta module to complement your research on Tilray. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Tilray Stock analysis
When running Tilray's price analysis, check to measure Tilray'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 Tilray is operating at the current time. Most of Tilray's value examination focuses on studying past and present price action to predict the probability of Tilray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tilray's price. Additionally, you may evaluate how the addition of Tilray to your portfolios can decrease your overall portfolio volatility.
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Tilray 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.