Turtle Stock Performance

HEAR
 Stock
  

USD 7.31  0.15  2.01%   

The entity has a beta of 1.9285, 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. Even though it is essential to pay attention to Turtle Beach Corp current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Turtle Beach Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Turtle Beach Corp has an expected return of -0.71%. Please be advised to validate Turtle Beach semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Turtle Beach Corp performance from the past will be repeated at some point in the near future.
  
Turtle Performance
0 of 100
Over the last 90 days Turtle Beach Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with conflicting performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2022. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more

Turtle Price Channel

Quick Ratio0.59
Fifty Two Week Low6.57
Target High Price32.00
Fifty Two Week High32.15
Target Low Price25.00

Turtle Beach Relative Risk vs. Return Landscape

If you would invest  1,321  in Turtle Beach Corp on July 9, 2022 and sell it today you would lose (575.00)  from holding Turtle Beach Corp or give up 43.53% of portfolio value over 90 days. Turtle Beach Corp is currently does not generate positive expected returns and assumes 5.583% risk (volatility on return distribution) over the 90 days horizon. In different words, 48% of stocks are less volatile than Turtle, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Turtle Beach is expected to under-perform the market. In addition to that, the company is 4.42 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of volatility.

Turtle Beach Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Turtle Beach's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Turtle Beach Corp, and traders can use it to determine the average amount a Turtle Beach's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1278

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative ReturnsHEAR
Estimated Market Risk
 5.58
  actual daily
 
 48 %
of total potential
 
4848
Expected Return
 -0.71
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.13
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Turtle Beach is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Turtle Beach by adding it to a well-diversified portfolio.

About Turtle Beach Performance

To evaluate Turtle Beach Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Turtle Beach generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Turtle Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Turtle Beach Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Turtle's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Turtle Beach Corporation operates as an audio technology company. The company was founded in 1975 and is headquartered in White Plains, New York. Turtle Beach operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 272 people.

Things to note about Turtle Beach Corp

Checking the ongoing alerts about Turtle Beach for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Turtle Beach Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Turtle Beach Alerts

Equity Alerts and Improvement Suggestions

Turtle Beach Corp generated a negative expected return over the last 90 days
Turtle Beach Corp has high historical volatility and very poor performance
Turtle Beach Corp currently holds about 23.7 M in cash with (34.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.44.
Over 81.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: Mini Size Max Joy ROCCATs Vulcan II Mini PC Gaming Keyboard is Now Available at Participating Retaile - Benzinga
Please check Risk vs Return Analysis. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Turtle Stock analysis

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.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
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.
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.