Teekay Stock Chance of Future Stock Price Finishing Over 7.29
| TK Stock | USD 8.49 0.30 3.41% |
Closest to current price Teekay long CALL Option Payoff at Expiration
Teekay |
Teekay Target Price Odds to finish over 7.29
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 stay above $ 7.29 in 90 days |
| 8.49 | 90 days | 7.29 | about 72.23 |
Based on a normal probability distribution, the odds of Teekay to stay above $ 7.29 in 90 days from now is about 72.23 (This Teekay probability density function shows the probability of Teekay Stock to fall within a particular range of prices over 90 days) . Probability of Teekay price to stay between $ 7.29 and its current price of $8.49 at the end of the 90-day period is about 71.59 .
Allowing for the 90-day total investment horizon Teekay has a beta of 0.43. This usually implies as returns on the market go up, Teekay average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Teekay will be expected to be much smaller as well. Additionally Teekay has an alpha of 0.1103, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Teekay Price Density |
| Price |
Predictive Modules for Teekay
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. 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'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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Teekay is not an exception. The market had few large corrections towards the Teekay'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 Teekay, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Teekay within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.11 | |
β | Beta against NYSE Composite | 0.43 | |
σ | Overall volatility | 0.39 | |
Ir | Information ratio | 0.03 |
Teekay 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 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Teekay 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 is unlikely to experience financial distress in the next 2 years | |
| Teekay has a very strong financial position based on the latest SEC filings | |
| About 35.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Jefferies raises Teekay Tankers share price target on strong earnings |
Teekay 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'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. Teekay's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 96.6 M | |
| Cash And Short Term Investments | 653.4 M |
Teekay Technical Analysis
Teekay's 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. In general, you should focus on analyzing Teekay Stock price patterns and their correlations with different microeconomic environments and drivers.
Teekay Predictive Forecast Models
Teekay's time-series forecasting models is one of many Teekay'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 Teekay'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 Teekay
Checking the ongoing alerts about Teekay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Teekay help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Teekay is unlikely to experience financial distress in the next 2 years | |
| Teekay has a very strong financial position based on the latest SEC filings | |
| About 35.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Jefferies raises Teekay Tankers share price target on strong earnings |
Check out Teekay Backtesting, Teekay Valuation, Teekay Correlation, Teekay Hype Analysis, Teekay Volatility, Teekay History as well as Teekay 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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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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 0.19 | Earnings Share 1.54 | Revenue Per Share 15.167 | Quarterly Revenue Growth (0.13) | Return On Assets 0.1342 |
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.