Teekay Tankers Stock Market Value

TNK Stock  USD 58.41  1.10  1.92%   
Teekay Tankers' market value is the price at which a share of Teekay Tankers trades on a public exchange. It measures the collective expectations of Teekay Tankers investors about its performance. Teekay Tankers is selling for 58.41 as of the 29th of March 2024. This is a 1.92 percent increase since the beginning of the trading day. The stock's last reported lowest price was 57.15.
With this module, you can estimate the performance of a buy and hold strategy of Teekay Tankers and determine expected loss or profit from investing in Teekay Tankers over a given investment horizon. Check out Teekay Tankers Correlation, Teekay Tankers Volatility and Teekay Tankers Alpha and Beta module to complement your research on Teekay Tankers.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
Symbol

Teekay Tankers Price To Book Ratio

Is Teekay Tankers' 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 Teekay Tankers. If investors know Teekay 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 Teekay Tankers 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
(0.24)
Dividend Share
1
Earnings Share
14.86
Revenue Per Share
39.943
Quarterly Revenue Growth
(0.15)
The market value of Teekay Tankers is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay Tankers' value that differs from its market value or its book value, called intrinsic value, which is Teekay Tankers' 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 Teekay Tankers' market value can be influenced by many factors that don't directly affect Teekay Tankers' 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 Teekay Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay Tankers' 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.

Teekay Tankers '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 Teekay Tankers' 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 Teekay Tankers.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Teekay Tankers on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Teekay Tankers or generate 0.0% return on investment in Teekay Tankers over 360 days. Teekay Tankers is related to or competes with Antero Midstream, Energy Transfer, NuStar Energy, Martin Midstream, Viper Energy, Global Partners, and Global Partners. Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally More

Teekay Tankers 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 Teekay Tankers' 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 Teekay Tankers upside and downside potential and time the market with a certain degree of confidence.

Teekay Tankers Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Teekay Tankers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teekay Tankers' standard deviation. In reality, there are many statistical measures that can use Teekay Tankers historical prices to predict the future Teekay Tankers' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teekay Tankers' 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.
Hype
Prediction
LowEstimatedHigh
56.4658.5160.56
Details
Intrinsic
Valuation
LowRealHigh
50.3852.4364.25
Details
7 Analysts
Consensus
LowTargetHigh
51.4256.5062.72
Details
Earnings
Estimates (0)
LowProjected EPSHigh
3.653.874.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Teekay Tankers. Your research has to be compared to or analyzed against Teekay Tankers' peers to derive any actionable benefits. When done correctly, Teekay Tankers' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Teekay Tankers.

Teekay Tankers Backtested Returns

Teekay Tankers appears to be very steady, given 3 months investment horizon. Teekay Tankers owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Teekay Tankers, which you can use to evaluate the volatility of the company. Please review Teekay Tankers' Coefficient Of Variation of 1560.6, semi deviation of 1.88, and Risk Adjusted Performance of 0.043 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Teekay Tankers holds a performance score of 9. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Teekay Tankers are expected to decrease at a much lower rate. During the bear market, Teekay Tankers is likely to outperform the market. Please check Teekay Tankers' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Teekay Tankers' existing price patterns will revert.

Auto-correlation

    
  0.35  

Below average predictability

Teekay Tankers has below average predictability. Overlapping area represents the amount of predictability between Teekay Tankers time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 Teekay Tankers price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Teekay Tankers price fluctuation can be explain by its past prices.
Correlation Coefficient0.35
Spearman Rank Test0.22
Residual Average0.0
Price Variance31.6

Teekay Tankers lagged returns against current returns

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

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

Teekay Tankers Lagged Returns

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

Teekay Tankers Investors Sentiment

The influence of Teekay Tankers' 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 Teekay. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Teekay Tankers' public news can be used to forecast risks associated with an investment in Teekay. The trend in average sentiment can be used to explain how an investor holding Teekay can time the market purely based on public headlines and social activities around Teekay Tankers. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Teekay Tankers' 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 Teekay Tankers' 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 Teekay Tankers' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Teekay Tankers.
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 Teekay Tankers 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, Teekay Tankers' short interest history, or implied volatility extrapolated from Teekay Tankers options trading.

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When determining whether Teekay Tankers is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Tankers Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Tankers Stock:
Check out Teekay Tankers Correlation, Teekay Tankers Volatility and Teekay Tankers Alpha and Beta module to complement your research on Teekay Tankers.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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