Tegna Inc Stock Chance of Future Stock Price Finishing Over 21.50
| TGNA Stock | USD 14.16 0.08 0.57% |
Closest to current price Tegna long CALL Option Payoff at Expiration
Tegna |
Tegna Target Price Odds to finish over 21.50
The tendency of Tegna 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 $ 21.50 or more in 90 days |
| 14.16 | 90 days | 21.50 | close to zero percent |
Based on a normal probability distribution, the odds of Tegna to move over $ 21.50 or more in 90 days from now is close to zero percent (This Tegna Inc probability density function shows the probability of Tegna Stock to fall within a particular range of prices over 90 days) . Probability of Tegna Inc price to stay between its current price of $ 14.16 and $ 21.50 at the end of the 90-day period is about 56.62 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.29 . 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, Tegna will likely underperform. Additionally Tegna Inc has an alpha of 0.0287, implying that it can generate a 0.0287 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Tegna Price Density |
| Price |
Predictive Modules for Tegna
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tegna Inc. 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 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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tegna is not an exception. The market had few large corrections towards the Tegna's 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 Tegna Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tegna within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 1.29 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | 0.02 |
Tegna 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 Tegna for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tegna Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tegna Inc generated a negative expected return over the last 90 days | |
| Tegna Inc is unlikely to experience financial distress in the next 2 years | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Why Is TEGNA Down 5.5 percent Since Last Earnings Report |
Tegna 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 Tegna Stock often depends not only on the future outlook of the current and potential Tegna's 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. Tegna's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 207.9 M | |
| Cash And Short Term Investments | 361 M |
Tegna Technical Analysis
Tegna's future price can be derived by breaking down and analyzing its technical indicators over time. Tegna Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tegna Inc. In general, you should focus on analyzing Tegna Stock price patterns and their correlations with different microeconomic environments and drivers.
Tegna Predictive Forecast Models
Tegna's time-series forecasting models is one of many Tegna's 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 Tegna's 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 Tegna Inc
Checking the ongoing alerts about Tegna for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tegna Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tegna Inc generated a negative expected return over the last 90 days | |
| Tegna Inc is unlikely to experience financial distress in the next 2 years | |
| Over 93.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Why Is TEGNA Down 5.5 percent Since Last Earnings Report |
Additional Information and Resources on Investing in Tegna Stock
When determining whether Tegna Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tegna'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 Tegna Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tegna Inc Stock:Check out Tegna Backtesting, Tegna Valuation, Tegna Correlation, Tegna Hype Analysis, Tegna Volatility, Tegna History as well as Tegna Performance. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Broadcasting 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 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 1.304 | Dividend Share 0.436 | Earnings Share 2.88 | Revenue Per Share 14.725 | Quarterly Revenue Growth (0.04) |
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.