Tegna Inc Stock Market Value
| TGNA Stock | USD 14.17 0.02 0.14% |
| Symbol | Tegna |
Tegna Inc Price To Book Ratio
Is Tegna'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 Tegna. If investors know Tegna 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 Tegna 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 (0.59) | Dividend Share 0.418 | Earnings Share 2.28 | Revenue Per Share 14.022 | Quarterly Revenue Growth (0.21) |
The market value of Tegna Inc is measured differently than its book value, which is the value of Tegna that is recorded on the company's balance sheet. Investors also form their own opinion of Tegna's value that differs from its market value or its book value, called intrinsic value, which is Tegna'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 Tegna's market value can be influenced by many factors that don't directly affect Tegna'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 Tegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tegna'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.
Tegna '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 Tegna'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 Tegna.
| 05/09/2023 |
| 05/03/2024 |
If you would invest 0.00 in Tegna on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tegna Inc or generate 0.0% return on investment in Tegna over 360 days. Tegna is related to or competes with Scienjoy Holding, Loop Media, Curiositystream, Liberty Media, and Liberty Media. TEGNA Inc. operates as a media company in the United States More
Tegna 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 Tegna'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 Tegna Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.7 |
Tegna Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tegna's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tegna's standard deviation. In reality, there are many statistical measures that can use Tegna historical prices to predict the future Tegna's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tegna'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.
Tegna Inc Backtested Returns
Tegna Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0397, which indicates the firm had a -0.0397% return per unit of risk over the last 3 months. Tegna Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tegna's Risk Adjusted Performance of (0.04), coefficient of variation of (1,421), and Variance of 3.65 to confirm the risk estimate we provide. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Tegna returns are very sensitive to returns on the market. As the market goes up or down, Tegna is expected to follow. Tegna Inc has an expected return of -0.0762%. Please make sure to validate Tegna treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Tegna Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Tegna Inc has modest predictability. Overlapping area represents the amount of predictability between Tegna time series from 9th of May 2023 to 5th of November 2023 and 5th of November 2023 to 3rd of May 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 Tegna Inc price movement. The serial correlation of 0.54 indicates that about 54.0% of current Tegna price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Tegna Inc lagged returns against current returns
Autocorrelation, which is Tegna 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 Tegna's stock expected returns. We can calculate the autocorrelation of Tegna returns to help us make a trade decision. For example, suppose you find that Tegna 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 |
Tegna 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 Tegna stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tegna stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tegna stock over time.
Current vs Lagged Prices |
| Timeline |
Tegna Lagged Returns
When evaluating Tegna's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tegna stock have on its future price. Tegna 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, Tegna autocorrelation shows the relationship between Tegna stock current value and its past values and can show if there is a momentum factor associated with investing in Tegna Inc.
Regressed Prices |
| Timeline |
Tegna Investors Sentiment
The influence of Tegna's 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 Tegna. 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 Tegna's public news can be used to forecast risks associated with an investment in Tegna. The trend in average sentiment can be used to explain how an investor holding Tegna can time the market purely based on public headlines and social activities around Tegna Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Tegna's 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 Tegna's 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 Tegna's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Tegna.
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 Tegna 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, Tegna's short interest history, or implied volatility extrapolated from Tegna options trading.
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Check out Tegna Correlation, Tegna Volatility and Tegna Alpha and Beta module to complement your research on Tegna. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Tegna Stock analysis
When running Tegna's price analysis, check to measure Tegna'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 Tegna is operating at the current time. Most of Tegna's value examination focuses on studying past and present price action to predict the probability of Tegna's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tegna's price. Additionally, you may evaluate how the addition of Tegna to your portfolios can decrease your overall portfolio volatility.
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Tegna 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.