Teekay Stock Market Value
| TK Stock | USD 7.28 0.06 0.83% |
| Symbol | Teekay |
Teekay Price To Book Ratio
Is Teekay'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 Teekay. 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 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 (0.04) | Earnings Share 1.54 | Revenue Per Share 15.505 | Quarterly Revenue Growth (0.14) | Return On Assets 0.1489 |
The market value of Teekay 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's value that differs from its market value or its book value, called intrinsic value, which is Teekay'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 Teekay's market value can be influenced by many factors that don't directly affect Teekay'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 Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay'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.
Teekay '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'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 Teekay.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Teekay on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Teekay or generate 0.0% return on investment in Teekay over 90 days. Teekay is related to or competes with NuStar Energy, and Tidewater Midstream. Teekay Corporation engages in the international crude oil and other marine transportation services worldwide More
Teekay 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'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 Teekay upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.8 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.02 |
Teekay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teekay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teekay's standard deviation. In reality, there are many statistical measures that can use Teekay historical prices to predict the future Teekay's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (1.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teekay'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.
Teekay Backtested Returns
Teekay owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Teekay exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teekay's Variance of 5.25, coefficient of variation of (1,122), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Teekay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teekay is expected to be smaller as well. Teekay has an expected return of -0.24%. Please make sure to validate Teekay treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Teekay performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Teekay has insignificant predictability. Overlapping area represents the amount of predictability between Teekay time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 Teekay price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Teekay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Teekay lagged returns against current returns
Autocorrelation, which is Teekay 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's stock expected returns. We can calculate the autocorrelation of Teekay returns to help us make a trade decision. For example, suppose you find that Teekay 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teekay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teekay stock over time.
Current vs Lagged Prices |
| Timeline |
Teekay Lagged Returns
When evaluating Teekay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teekay stock have on its future price. Teekay 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 autocorrelation shows the relationship between Teekay stock current value and its past values and can show if there is a momentum factor associated with investing in Teekay.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Teekay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Stock:Check out Teekay Correlation, Teekay Volatility and Teekay Alpha and Beta module to complement your research on Teekay. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Teekay Stock analysis
When running Teekay's price analysis, check to measure Teekay'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 Teekay is operating at the current time. Most of Teekay's value examination focuses on studying past and present price action to predict the probability of Teekay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay's price. Additionally, you may evaluate how the addition of Teekay to your portfolios can decrease your overall portfolio volatility.
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Teekay 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.