Tejon Ranch Co Stock Market Value
| TRC Stock | USD 16.85 0.15 0.88% |
| Symbol | Tejon |
Is Multi-Family Residential REITs 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 Tejon Ranch. If investors know Tejon 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 Tejon Ranch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tejon Ranch is measured differently than its book value, which is the value of Tejon that is recorded on the company's balance sheet. Investors also form their own opinion of Tejon Ranch's value that differs from its market value or its book value, called intrinsic value, which is Tejon Ranch'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 Tejon Ranch's market value can be influenced by many factors that don't directly affect Tejon Ranch'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 Tejon Ranch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tejon Ranch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tejon Ranch'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.
Tejon Ranch '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 Tejon Ranch'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 Tejon Ranch.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Tejon Ranch on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Tejon Ranch Co or generate 0.0% return on investment in Tejon Ranch over 30 days. Tejon Ranch is related to or competes with Steel Partners, Compass Diversified, Brookfield Business, Matthews International, Steel Partners, Griffon, and Compass Diversified. Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness comp... More
Tejon Ranch 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 Tejon Ranch'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 Tejon Ranch Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.76 |
Tejon Ranch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tejon Ranch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tejon Ranch's standard deviation. In reality, there are many statistical measures that can use Tejon Ranch historical prices to predict the future Tejon Ranch's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.0331 | |||
| Total Risk Alpha | 0.0185 | |||
| Sortino Ratio | 0.0222 | |||
| Treynor Ratio | 0.0339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tejon Ranch'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.
Tejon Ranch Backtested Returns
We consider Tejon Ranch very steady. Tejon Ranch owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0265, which indicates the firm had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tejon Ranch Co, which you can use to evaluate the volatility of the company. Please validate Tejon Ranch's Coefficient Of Variation of 3778.21, risk adjusted performance of 0.0233, and Semi Deviation of 1.52 to confirm if the risk estimate we provide is consistent with the expected return of 0.0525%. Tejon Ranch has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 1.26, 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, Tejon Ranch will likely underperform. Tejon Ranch right now has a risk of 1.99%. Please validate Tejon Ranch semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Tejon Ranch will be following its existing price patterns.
Auto-correlation | -0.88 |
Excellent reverse predictability
Tejon Ranch Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Tejon Ranch time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 Tejon Ranch price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Tejon Ranch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Tejon Ranch lagged returns against current returns
Autocorrelation, which is Tejon Ranch 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 Tejon Ranch's stock expected returns. We can calculate the autocorrelation of Tejon Ranch returns to help us make a trade decision. For example, suppose you find that Tejon Ranch 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 |
Tejon Ranch 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 Tejon Ranch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tejon Ranch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tejon Ranch stock over time.
Current vs Lagged Prices |
| Timeline |
Tejon Ranch Lagged Returns
When evaluating Tejon Ranch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tejon Ranch stock have on its future price. Tejon Ranch 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, Tejon Ranch autocorrelation shows the relationship between Tejon Ranch stock current value and its past values and can show if there is a momentum factor associated with investing in Tejon Ranch Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Tejon Stock
When determining whether Tejon Ranch offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tejon Ranch'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 Tejon Ranch Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tejon Ranch Co Stock:Check out Tejon Ranch Correlation, Tejon Ranch Volatility and Tejon Ranch Alpha and Beta module to complement your research on Tejon Ranch. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Tejon Ranch 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.