Tutor Perini Stock Market Value
| TPC Stock | USD 13.91 0.07 0.50% |
| Symbol | Tutor |
Tutor Perini Price To Book Ratio
Is Tutor Perini'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 Tutor Perini. If investors know Tutor 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 Tutor Perini 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 (0.17) | Earnings Share (3.30) | Revenue Per Share 74.843 | Quarterly Revenue Growth 0.127 | Return On Assets (0.02) |
The market value of Tutor Perini is measured differently than its book value, which is the value of Tutor that is recorded on the company's balance sheet. Investors also form their own opinion of Tutor Perini's value that differs from its market value or its book value, called intrinsic value, which is Tutor Perini'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 Tutor Perini's market value can be influenced by many factors that don't directly affect Tutor Perini'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 Tutor Perini's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tutor Perini is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tutor Perini'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.
Tutor Perini '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 Tutor Perini'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 Tutor Perini.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tutor Perini on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tutor Perini or generate 0.0% return on investment in Tutor Perini over 30 days. Tutor Perini is related to or competes with Granite Construction, Matrix Service, Construction Partners, MYR, Sterling Construction, EMCOR, and Primoris Services. Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and... More
Tutor Perini 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 Tutor Perini'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 Tutor Perini upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.2039 | |||
| Maximum Drawdown | 27.66 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 6.61 |
Tutor Perini Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tutor Perini's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tutor Perini's standard deviation. In reality, there are many statistical measures that can use Tutor Perini historical prices to predict the future Tutor Perini's volatility.| Risk Adjusted Performance | 0.1508 | |||
| Jensen Alpha | 0.6582 | |||
| Total Risk Alpha | 0.3479 | |||
| Sortino Ratio | 0.3093 | |||
| Treynor Ratio | 0.3348 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tutor Perini'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.
Tutor Perini Backtested Returns
Tutor Perini appears to be somewhat reliable, given 3 months investment horizon. Tutor Perini owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Tutor Perini's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review Tutor Perini's Semi Deviation of 1.9, risk adjusted performance of 0.1508, and Coefficient Of Variation of 438.06 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tutor Perini holds a performance score of 15. The entity has a beta of 2.64, 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, Tutor Perini will likely underperform. Please check Tutor Perini's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Tutor Perini's existing price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Tutor Perini has excellent reverse predictability. Overlapping area represents the amount of predictability between Tutor Perini time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Tutor Perini price movement. The serial correlation of -0.83 indicates that around 83.0% of current Tutor Perini price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Tutor Perini lagged returns against current returns
Autocorrelation, which is Tutor Perini 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 Tutor Perini's stock expected returns. We can calculate the autocorrelation of Tutor Perini returns to help us make a trade decision. For example, suppose you find that Tutor Perini 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 |
Tutor Perini 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 Tutor Perini stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tutor Perini stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tutor Perini stock over time.
Current vs Lagged Prices |
| Timeline |
Tutor Perini Lagged Returns
When evaluating Tutor Perini's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tutor Perini stock have on its future price. Tutor Perini 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, Tutor Perini autocorrelation shows the relationship between Tutor Perini stock current value and its past values and can show if there is a momentum factor associated with investing in Tutor Perini.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tutor Perini offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tutor Perini'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 Tutor Perini Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tutor Perini Stock:Check out Tutor Perini Correlation, Tutor Perini Volatility and Tutor Perini Alpha and Beta module to complement your research on Tutor Perini. For information on how to trade Tutor Stock refer to our How to Trade Tutor Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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When running Tutor Perini's price analysis, check to measure Tutor Perini'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 Tutor Perini is operating at the current time. Most of Tutor Perini's value examination focuses on studying past and present price action to predict the probability of Tutor Perini's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tutor Perini's price. Additionally, you may evaluate how the addition of Tutor Perini to your portfolios can decrease your overall portfolio volatility.
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Tutor Perini 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.