Tenneco Story

<div class='circular--portrait' style='background:#FF0F00;color: #FFFFF0;font-size:3em;'>TEN</div>
TEN -- USA Stock  

USD 11.06  0.29  2.69%

With so much uncertainty about the consumer cyclical space, it is fair to outline Tenneco against current market trends. As expected, Tenneco is starting to reaffirm its true potential as institutional investors are becoming more and more confident in the future outlook. Plenty of the changes of the company stock price movements has been a rough indication of what is happening in the market overall. The proof of persistent technical and fundamental indicators of the company suggests a short-term price swing for institutional investors of Tenneco. Tenneco is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 2nd of November 2020.
Published over a month ago
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Should you take over Tenneco (NYSE:TEN) based on latest technical indicators?
The company's average rating is Sell from 4 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 Tenneco market sentiment investors' perception of the future value of Tenneco. Let us look at a few aspects of Tenneco technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Tenneco. In general, we focus on analyzing Tenneco stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tenneco'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 Tenneco's intrinsic value. In addition to deriving basic predictive indicators for Tenneco, we also check how macroeconomic factors affect Tenneco price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Tenneco Stands against Peers?

Analyzing Tenneco 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 Tenneco 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 Tenneco Competition Details

How Tenneco utilizes its cash?

To perform a cash flow analysis of Tenneco, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Tenneco is receiving and how much cash it distributes out in a given period. The Tenneco cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Tenneco Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 411.2 Million

Sale by Icahn Carl C of 254240 shares of Tenneco

Legal trades by Tenneco 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:
Tenneco insider trading alert for sale of class a common stock by Icahn Carl C, the corporate stakeholder, on 2nd of December 2020. This event was filed by Tenneco Inc with SEC on 2020-12-02. Statement of changes in beneficial ownership - SEC Form 4 [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 Tenneco Variance

Tenneco has current Variance of 22.53. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.

Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.

Variance 
 = 
SUM(RET DEV)2 
 = 
22.53
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N = Number of points for the period
Let's now compare Tenneco Variance to its closest peers:
TEN
VC
DLPH
WBC
TEN22.53
VC6.91
DLPH5.15
WBC5.0E-5

Tenneco technical analysis suggests possible recoup

The variance is down to 22.53 as of today. Tenneco exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate Tenneco individually to make sure intended market timing strategies and available technical indicagtors are consistent with their estimates about Tenneco future systematic risk.

The Bottom Line

Whereas other entities within the auto parts industry are still a little expensive, even after the recent corrections, Tenneco may offer a potential longer-term growth to institutional investors. To conclude, as of the 1st of November 2020, our primary 30 days buy-hold-sell recommendation on the company is Hold. We believe Tenneco is currently fairly valued with below average chance of bankruptcy for the next two years.

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 Raphi Shpitalnik do not own shares of Tenneco. Please refer to our Terms of Use for any information regarding our disclosure principles.

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