Tennant Company Stock Market Value
| TNC Stock | USD 88.37 0.37 0.42% |
| Symbol | Tennant |
Tennant Company Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Tennant. If investors know Tennant 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 Tennant 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 (0.1) | Dividend Share 1.12 | Earnings Share 5.67 | Revenue Per Share 67.733 | Quarterly Revenue Growth 0.036 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant'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 Tennant's market value can be influenced by many factors that don't directly affect Tennant'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 Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant'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.
Tennant '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 Tennant'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 Tennant.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tennant on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Tennant Company or generate 0.0% return on investment in Tennant over 30 days. Tennant is related to or competes with Dover, Crane, and Graco. Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Amer... More
Tennant 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 Tennant'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 Tennant Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.24 |
Tennant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tennant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tennant's standard deviation. In reality, there are many statistical measures that can use Tennant historical prices to predict the future Tennant's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.07) |
Tennant Company Backtested Returns
Tennant Company owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0483, which indicates the firm had a -0.0483% return per unit of risk over the last 3 months. Tennant Company exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tennant's Variance of 3.53, coefficient of variation of (1,912), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 1.61, 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, Tennant will likely underperform. At this point, Tennant Company has a negative expected return of -0.0907%. Please make sure to validate Tennant's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Tennant Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Tennant Company has good predictability. Overlapping area represents the amount of predictability between Tennant time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Tennant Company price movement. The serial correlation of 0.75 indicates that around 75.0% of current Tennant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 3.28 |
Tennant Company lagged returns against current returns
Autocorrelation, which is Tennant 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 Tennant's stock expected returns. We can calculate the autocorrelation of Tennant returns to help us make a trade decision. For example, suppose you find that Tennant 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 |
Tennant 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 Tennant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tennant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tennant stock over time.
Current vs Lagged Prices |
| Timeline |
Tennant Lagged Returns
When evaluating Tennant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tennant stock have on its future price. Tennant 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, Tennant autocorrelation shows the relationship between Tennant stock current value and its past values and can show if there is a momentum factor associated with investing in Tennant Company.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant'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 Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock:Check out Tennant Correlation, Tennant Volatility and Tennant Alpha and Beta module to complement your research on Tennant. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Tennant 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.