TTM Technologies Stock Market Value

TTMI
 Stock
  

USD 16.09  0.02  0.12%   

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


Is TTM Technologies' 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 TTM Technologies. If investors know TTM Technologies 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 TTM Technologies 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
1.21
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
0.21
Return On Assets
0.032
Return On Equity
0.0649
The market value of TTM Technologies is measured differently than its book value, which is the value of TTM Technologies that is recorded on the company's balance sheet. Investors also form their own opinion of TTM Technologies' value that differs from its market value or its book value, called intrinsic value, which is TTM Technologies' 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 TTM Technologies' market value can be influenced by many factors that don't directly affect TTM Technologies' 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 TTM Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine TTM Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TTM Technologies' 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.

TTM Technologies '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 TTM Technologies' 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 TTM Technologies.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in TTM Technologies on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding TTM Technologies or generate 0.0% return on investment in TTM Technologies over 30 days. TTM Technologies is related to or competes with Coca Cola. TTM Technologies, Inc., together with its subsidiaries, engages in the manufacture and sale of printed circuit boards wo... More

TTM Technologies 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 TTM Technologies' 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 TTM Technologies upside and downside potential and time the market with a certain degree of confidence.

TTM Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for TTM Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTM Technologies' standard deviation. In reality, there are many statistical measures that can use TTM Technologies historical prices to predict the future TTM Technologies' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of TTM Technologies' 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 TTM Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
12.5816.0019.42
Details
Intrinsic
Valuation
LowReal ValueHigh
11.6115.0318.45
Details
Naive
Forecast
LowNext ValueHigh
13.2016.6220.04
Details
4 Analysts
Consensus
LowTarget PriceHigh
16.0017.4420.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TTM Technologies. Your research has to be compared to or analyzed against TTM Technologies' peers to derive any actionable benefits. When done correctly, TTM Technologies' 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 TTM Technologies.

TTM Technologies Backtested Returns

We consider TTM Technologies not too volatile. TTM Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.047, which indicates the firm had 0.047% of return per unit of standard deviation 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. We have found twenty-eight technical indicators for TTM Technologies, which you can use to evaluate the future volatility of the company. Please validate TTM Technologies risk adjusted performance of 0.0129, and Coefficient Of Variation of 20552.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
TTM Technologies has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.6118, which indicates a somewhat significant risk relative to the market. Let's try to break down what TTM Technologies'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, TTM Technologies will likely underperform. Although it is important to respect TTM Technologies current price movements, it is better to be realistic regarding the information on the equity's 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. By evaluating TTM Technologies technical indicators, you can currently evaluate if the expected return of 0.16% will be sustainable into the future. TTM Technologies presently has a risk of 3.42%. Please validate TTM Technologies maximum drawdown, as well as the relationship between the expected short fall and rate of daily change to decide if TTM Technologies will be following its existing price patterns.

Auto-correlation

    
  0.02  

Virtually no predictability

TTM Technologies has virtually no predictability. Overlapping area represents the amount of predictability between TTM Technologies time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st 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 TTM Technologies price movement. The serial correlation of 0.02 indicates that only 2.0% of current TTM Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.11

TTM Technologies lagged returns against current returns

Autocorrelation, which is TTM Technologies 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 TTM Technologies' stock expected returns. We can calculate the autocorrelation of TTM Technologies returns to help us make a trade decision. For example, suppose you find that TTM Technologies 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  

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

TTM Technologies Lagged Returns

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

TTM Technologies Investors Sentiment

The influence of TTM Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in TTM Technologies. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to TTM Technologies' public news can be used to forecast risks associated with investment in TTM Technologies. The trend in average sentiment can be used to explain how an investor holding TTM Technologies can time the market purely based on public headlines and social activities around TTM Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
TTM Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for TTM Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average TTM Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on TTM Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TTM Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TTM Technologies' short interest history, or implied volatility extrapolated from TTM Technologies options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at TTM Technologies Correlation, TTM Technologies Volatility and TTM Technologies Alpha and Beta module to complement your research on TTM Technologies. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for analysis

When running TTM Technologies price analysis, check to measure TTM Technologies' 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 TTM Technologies is operating at the current time. Most of TTM Technologies' value examination focuses on studying past and present price action to predict the probability of TTM Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move TTM Technologies' price. Additionally, you may evaluate how the addition of TTM Technologies to your portfolios can decrease your overall portfolio volatility.
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TTM Technologies 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 TTM Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of TTM Technologies 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...