Teekay Tankers Stock Market Value
| TNK Stock | USD 55.42 1.01 1.86% |
| Symbol | Teekay |
Teekay Tankers Price To Book Ratio
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.
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.
| 03/21/2024 |
| 10/17/2024 |
If you would invest 0.00 in Teekay Tankers on March 21, 2024 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 210 days. Teekay Tankers is related to or competes with Scorpio Tankers, DHT Holdings, and Teekay. 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 3.5 |
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.17) |
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 Backtested Returns
Teekay Tankers owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0718, which indicates the firm had a -0.0718% return per unit of risk over the last 3 months. Teekay Tankers exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teekay Tankers' Variance of 5.1, coefficient of variation of (1,068), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 1.33, 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, Teekay Tankers will likely underperform. At this point, Teekay Tankers has a negative expected return of -0.16%. Please make sure to validate Teekay Tankers' maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Teekay Tankers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Teekay Tankers has good reverse predictability. Overlapping area represents the amount of predictability between Teekay Tankers time series from 21st of March 2024 to 4th of July 2024 and 4th of July 2024 to 17th of October 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 -0.57 indicates that roughly 57.0% of current Teekay Tankers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 13.68 |
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 |
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Try AI Portfolio ArchitectCheck 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.