Teekay Tankers Stock Probability of Future Stock Price Finishing Over 64.17
| TNK Stock | USD 55.42 1.01 1.86% |
Teekay |
Teekay Tankers Target Price Odds to finish over 64.17
The tendency of Teekay Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 64.17 or more in 90 days |
| 55.42 | 90 days | 64.17 | under 4 |
Based on a normal probability distribution, the odds of Teekay Tankers to move over $ 64.17 or more in 90 days from now is under 4 (This Teekay Tankers probability density function shows the probability of Teekay Stock to fall within a particular range of prices over 90 days) . Probability of Teekay Tankers price to stay between its current price of $ 55.42 and $ 64.17 at the end of the 90-day period is about 73.11 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.33 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Teekay Tankers will likely underperform. Additionally Teekay Tankers has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Teekay Tankers Price Density |
| Price |
Predictive Modules for Teekay Tankers
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Teekay Tankers. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Teekay Tankers Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Teekay Tankers is not an exception. The market had few large corrections towards the Teekay Tankers' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Teekay Tankers, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Teekay Tankers within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 1.33 | |
σ | Overall volatility | 3.42 | |
Ir | Information ratio | -0.13 |
Teekay Tankers Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Teekay Tankers for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Teekay Tankers can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Teekay Tankers generated a negative expected return over the last 90 days | |
| Teekay Tankers is unlikely to experience financial distress in the next 2 years | |
| Teekay Tankers has a strong financial position based on the latest SEC filings | |
| About 64.0% of the company shares are owned by institutional investors | |
| On 23rd of August 2024 Teekay Tankers paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Brokers Suggest Investing in Teekay Tankers Read This Before Placing a Bet |
Teekay Tankers Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Teekay Stock often depends not only on the future outlook of the current and potential Teekay Tankers' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Teekay Tankers' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.6 M | |
| Cash And Short Term Investments | 365.9 M |
Teekay Tankers Technical Analysis
Teekay Tankers' future price can be derived by breaking down and analyzing its technical indicators over time. Teekay Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Teekay Tankers. In general, you should focus on analyzing Teekay Stock price patterns and their correlations with different microeconomic environments and drivers.
Teekay Tankers Predictive Forecast Models
Teekay Tankers' time-series forecasting models is one of many Teekay Tankers' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Teekay Tankers' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Teekay Tankers
Checking the ongoing alerts about Teekay Tankers for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Teekay Tankers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Teekay Tankers generated a negative expected return over the last 90 days | |
| Teekay Tankers is unlikely to experience financial distress in the next 2 years | |
| Teekay Tankers has a strong financial position based on the latest SEC filings | |
| About 64.0% of the company shares are owned by institutional investors | |
| On 23rd of August 2024 Teekay Tankers paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Brokers Suggest Investing in Teekay Tankers Read This Before Placing a Bet |
Check out Teekay Tankers Backtesting, Teekay Tankers Valuation, Teekay Tankers Correlation, Teekay Tankers Hype Analysis, Teekay Tankers Volatility, Teekay Tankers History as well as Teekay Tankers Performance. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Oil & Gas Storage & Transportation space 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 (0.30) | Dividend Share 1 | Earnings Share 12.84 | Revenue Per Share 36.018 | Quarterly Revenue Growth (0.20) |
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.