Turtle Stock Market Value

HEAR
 Stock
  

USD 10.02  0.29  2.98%   

Turtle Beach's market value is the price at which a share of Turtle Beach stock trades on a public exchange. It measures the collective expectations of Turtle Beach Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Turtle Beach Corp and determine expected loss or profit from investing in Turtle Beach over a given investment horizon. Please check Turtle Beach Correlation, Turtle Beach Volatility and Turtle Beach Alpha and Beta module to complement your research on Turtle Beach.
Symbol


Is Turtle Beach'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 Turtle Beach. If investors know Turtle 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 Turtle Beach 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 YOY
(0.73) 
Market Capitalization
170.8 M
Quarterly Revenue Growth YOY
(0.40) 
Return On Assets
(0.08) 
Return On Equity
(0.26) 
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach'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 Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach'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 Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine Turtle Beach value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach'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.

Turtle Beach '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 Turtle Beach'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 Turtle Beach.
0.00
12/14/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2022
0.00
If you would invest  0.00  in Turtle Beach on December 14, 2020 and sell it all today you would earn a total of 0.00 from holding Turtle Beach Corp or generate 0.0% return on investment in Turtle Beach over 720 days. Turtle Beach is related to or competes with Dixie, Topbuild Corp, Culp, Escalade Incorporated, Delta Apparel, Beazer Homes, and Century Communities. Turtle Beach Corporation operates as an audio technology company More

Turtle Beach 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 Turtle Beach'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 Turtle Beach Corp upside and downside potential and time the market with a certain degree of confidence.

Turtle Beach Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Turtle Beach's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turtle Beach's standard deviation. In reality, there are many statistical measures that can use Turtle Beach historical prices to predict the future Turtle Beach's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Turtle Beach'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. Please use the tools below to analyze the current value of Turtle Beach in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.999.9214.85
Details
Intrinsic
Valuation
LowReal ValueHigh
9.0215.4220.35
Details
5 Analysts
Consensus
LowTarget PriceHigh
27.0034.0040.00
Details
Earnings
Estimates (3)
LowProjected EPSHigh
1.151.191.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Turtle Beach. Your research has to be compared to or analyzed against Turtle Beach's peers to derive any actionable benefits. When done correctly, Turtle Beach's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Turtle Beach Corp.

Turtle Beach Corp Backtested Returns

Turtle Beach appears to be somewhat reliable, given 3 months investment horizon. Turtle Beach Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had 0.11% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By inspecting Turtle Beach Corp technical indicators you can presently evaluate if the expected return of 0.57% is justified by implied risk. Please review Turtle Beach's Coefficient Of Variation of 2275.87, risk adjusted performance of 0.072, and Semi Deviation of 4.87 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Turtle Beach holds a performance score of 8. The entity has a beta of 2.111, which indicates a somewhat significant risk relative to the market. Let's try to break down what Turtle's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Turtle Beach will likely underperform. Although it is vital to follow Turtle Beach Corp current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-eight technical indicators for Turtle Beach Corp, which you can use to evaluate the performance of the company. Please operates Turtle Beach semi variance, and the relationship between the maximum drawdown and accumulation distribution to make a quick decision on whether Turtle Beach Corp existing price patterns will revert.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Turtle Beach Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Turtle Beach time series from 14th of December 2020 to 9th of December 2021 and 9th of December 2021 to 4th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Turtle Beach Corp price movement. The serial correlation of -0.2 indicates that over 20.0% of current Turtle Beach price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test-0.17
Residual Average0.0
Price Variance32.87

Turtle Beach Corp lagged returns against current returns

Autocorrelation, which is Turtle Beach 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 Turtle Beach's stock expected returns. We can calculate the autocorrelation of Turtle Beach returns to help us make a trade decision. For example, suppose you find that Turtle Beach stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Turtle Beach 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 Turtle Beach stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turtle Beach stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turtle Beach stock over time.
   Current vs Lagged Prices   
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       Timeline  

Turtle Beach Lagged Returns

When evaluating Turtle Beach's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turtle Beach stock have on its future price. Turtle Beach 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, Turtle Beach autocorrelation shows the relationship between Turtle Beach stock current value and its past values and can show if there is a momentum factor associated with investing in Turtle Beach Corp.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Turtle Beach without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Turtle Beach Correlation, Turtle Beach Volatility and Turtle Beach Alpha and Beta module to complement your research on Turtle Beach. Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Turtle Beach Corp price analysis, check to measure Turtle Beach'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 Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.
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Turtle Beach 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.
A focus of Turtle Beach technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Turtle Beach trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...