Tanger Factory Outlet Stock Beta
| SKT Stock | USD 26.80 0.28 1.03% |
Tanger Factory Outlet fundamentals help investors to digest information that contributes to Tanger Factory's financial success or failures. It also enables traders to predict the movement of Tanger Stock. The fundamental analysis module provides a way to measure Tanger Factory's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tanger Factory stock.
Tanger | Beta |
Tanger Factory Outlet Company Beta Analysis
Tanger Factory's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Tanger Factory Beta | 1.8 |
Most of Tanger Factory's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tanger Factory Outlet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Tanger Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Tanger Factory is extremely important. It helps to project a fair market value of Tanger Stock properly, considering its historical fundamentals such as Beta. Since Tanger Factory's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tanger Factory's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tanger Factory's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Tanger Factory Outlet has a Beta of 1.803. This is 150.42% higher than that of the Retail REITs sector and significantly higher than that of the Real Estate industry. The beta for all United States stocks is notably lower than that of the firm.
Tanger Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tanger Factory's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tanger Factory could also be used in its relative valuation, which is a method of valuing Tanger Factory by comparing valuation metrics of similar companies.Tanger Factory is currently under evaluation in beta category among its peers.
Tanger Factory ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tanger Factory's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tanger Factory's managers, analysts, and investors.Environmental | Governance | Social |
Tanger Factory Institutional Holders
Institutional Holdings refers to the ownership stake in Tanger Factory that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tanger Factory's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tanger Factory's value.| Shares | Morgan Stanley - Brokerage Accounts | 2024-03-31 | 1.4 M | Nuveen Asset Management, Llc | 2024-03-31 | 1.2 M | Northern Trust Corp | 2024-03-31 | 1.2 M | Bank Of New York Mellon Corp | 2024-03-31 | 1 M | Legal & General Group Plc | 2024-03-31 | 971 K | Lsv Asset Management | 2024-03-31 | 918 K | Amvescap Plc. | 2024-03-31 | 769.6 K | American Century Companies Inc | 2024-03-31 | 763.2 K | Millennium Management Llc | 2024-03-31 | 709 K | Blackrock Inc | 2024-03-31 | 19.9 M | Vanguard Group Inc | 2024-03-31 | 17.5 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tanger Factory will likely underperform.
Tanger Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0408 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 4.53 B | ||||
| Shares Outstanding | 109.35 M | ||||
| Shares Owned By Insiders | 2.41 % | ||||
| Shares Owned By Institutions | 87.42 % | ||||
| Number Of Shares Shorted | 3.96 M | ||||
| Price To Earning | 26.70 X | ||||
| Price To Book | 5.16 X | ||||
| Price To Sales | 6.18 X | ||||
| Revenue | 464.41 M | ||||
| Gross Profit | 327.12 M | ||||
| EBITDA | 242.73 M | ||||
| Net Income | 97.97 M | ||||
| Cash And Equivalents | 212.12 M | ||||
| Cash Per Share | 1.98 X | ||||
| Total Debt | 1.53 B | ||||
| Debt To Equity | 2.90 % | ||||
| Current Ratio | 3.79 X | ||||
| Book Value Per Share | 5.08 X | ||||
| Cash Flow From Operations | 229.61 M | ||||
| Short Ratio | 5.14 X | ||||
| Earnings Per Share | 0.90 X | ||||
| Price To Earnings To Growth | 3.65 X | ||||
| Target Price | 30.17 | ||||
| Number Of Employees | 364 | ||||
| Beta | 1.8 | ||||
| Market Capitalization | 2.96 B | ||||
| Total Asset | 2.32 B | ||||
| Retained Earnings | (490.17 M) | ||||
| Working Capital | (109.54 M) | ||||
| Current Asset | 142.86 M | ||||
| Current Liabilities | 125.78 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 8.16 % | ||||
| Net Asset | 2.32 B | ||||
| Last Dividend Paid | 1.04 |
About Tanger Factory Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tanger Factory Outlet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tanger Factory using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tanger Factory Outlet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Tanger Factory
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tanger Factory position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tanger Factory will appreciate offsetting losses from the drop in the long position's value.Moving against Tanger Stock
The ability to find closely correlated positions to Tanger Factory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tanger Factory when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tanger Factory - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tanger Factory Outlet to buy it.
The correlation of Tanger Factory is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tanger Factory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tanger Factory Outlet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tanger Factory can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tanger Stock Analysis
When running Tanger Factory's price analysis, check to measure Tanger Factory'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 Tanger Factory is operating at the current time. Most of Tanger Factory's value examination focuses on studying past and present price action to predict the probability of Tanger Factory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanger Factory's price. Additionally, you may evaluate how the addition of Tanger Factory to your portfolios can decrease your overall portfolio volatility.