Teledyne Story

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TDY -- USA Stock  

USD 374.81  7.15  1.94%

As many millenniums are trying to avoid technology space, it makes sense to break down Teledyne Technologies Incorpora a little further and try to understand its current market patterns. As we have suggested previously, Teledyne Technologies is beginning its slide as investors shift to be more bearish due to the increased sector volatility. Teledyne Technologies barely shadows the market. The returns on investing in Teledyne Technologies and the market returns of the last few months appear uncorrelated. Strong fundamental indicators of the company may suggest signs of short-term price drift for investors. Teledyne Technologies is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 27th of January 2021.
Published over a month ago
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Is Teledyne (NYSE:TDY) outlook still optimistic?
The company's average rating is Buy from 3 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Teledyne Technologies market sentiment investors' perception of the future value of Teledyne. Let us look at a few aspects of Teledyne technical analysis. The company has Net Profit Margin of 12.39 %, which may imply that it executes well on its competitive polices and has reasonable control over its expenses and variable costs. This is very large. In the same way, it shows Net Operating Margin of 16.11 %, which entails that for every 100 dollars of revenue, it generated 0.16 of operating income.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Teledyne Technologies. In general, we focus on analyzing Teledyne Technologies stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Teledyne Technologies's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Teledyne Technologies's intrinsic value. In addition to deriving basic predictive indicators for Teledyne Technologies, we also check how macroeconomic factors affect Teledyne Technologies price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Teledyne Technologies' stock 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. Please use the tools below to analyze the current value of Teledyne Technologies in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Teledyne Technologies. Your research has to be compared to or analyzed against Teledyne Technologies' peers to derive any actionable benefits. When done correctly, Teledyne Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Teledyne Technologies.

How does Teledyne Stands against Peers?

Analyzing Teledyne Technologies competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Teledyne Technologies across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Teledyne Technologies Competition Details

How Teledyne utilizes its cash?

To perform a cash flow analysis of Teledyne Technologies, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Teledyne Technologies is receiving and how much cash it distributes out in a given period. The Teledyne Technologies cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Teledyne Technologies Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Teledyne Technologies reported Net Cash Flow from Operations of 618.9 Million in 2020

Purchase by Robert Mehrabian of 1300 shares of Teledyne Technologies

Legal trades by Teledyne Technologies insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Teledyne insider trading alert for perchase of common stock by Robert Mehrabian, Executive Chairman, on 4th of March 2021. This event was filed by Teledyne Technologies Inc with SEC on 2021-03-04. Statement of changes in beneficial ownership - SEC Form 4. Robert Mehrabian currently serves as executive chairman of the board, director of Teledyne Technologies [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Teledyne Technologies Standard Deviation

Teledyne Technologies Incorpora has current Standard Deviation of 2.23. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.

Standard Deviation 
SQRT = Square root notation
V =   Variance of Teledyne Technologies returns
Let's now compare Teledyne Technologies Standard Deviation to its closest peers:

Teledyne Technologies has 79 percent chance to finish below $394 next week

Total Risk Alpha just dropped to -0.2, may suggest upcoming price depreciation. Teledyne Technologies Incorpora currently demonstrates below-verage downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.22. However, we do advice investors to further question Teledyne Technologies Incorpora expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Bottom Line On Teledyne Technologies

While some companies within the scientific & technical instruments industry are still a little expensive, even after the recent corrections, Teledyne Technologies may offer a potential longer-term growth to investors. To conclude, as of the 26th of January 2021, we believe that at this point, Teledyne Technologies is fairly valued with very small probability of distress within the next 2 years. Our ongoing buy-or-sell advice on the company is Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Teledyne Technologies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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