The company's average rating is Buy from 5 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 TEGNA market sentiment investors' perception of the future value of TEGNA. Let us look at a few aspects of TEGNA technical analysis. About
92.0% of the company shares are owned by institutional investors. The book value of TEGNA was at this time reported as 8.21. TEGNA Inc has Price/Earnings To Growth (PEG) ratio of 0.68. The entity last dividend was issued on the 4th of March 2021. The firm had
2:1 split on the 1st of June 2017.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Tegna Inc. In general, sophisticated investors focus on analyzing Tegna stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Tegna'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
Tegna's intrinsic value. In addition to deriving basic predictive indicators for Tegna, many experienced traders also check how macroeconomic factors affect Tegna 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, 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tegna. Your research has to be compared to or analyzed against Tegna's peers to derive any actionable benefits. When done correctly, Tegna's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tegna Inc.
How important is Tegna's Liquidity
Tegna
financial leverage refers to using borrowed capital as a funding source to finance Tegna Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Tegna financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Tegna's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Tegna's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Tegna's total debt and its cash.
Tegna Gross Profit
Tegna Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Tegna previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Tegna Gross Profit growth over the last 10 years. Please check Tegna's
gross profit and other
fundamental indicators for more details.
Closer look at TEGNA Semi Variance
TEGNA Inc has current Semi Variance of 1.96. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Variance | = | SUM(RET DEV)2 N(ZERO) |
| = | 1.96 |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Let's now compare TEGNA Semi Variance to its closest peers:
| TGNA | 1.956580511657567 |
| VIVEF | 0.89 |
| FOX | 4.53 |
| LSXMA | 3.56 |
| LSXMK | 4.36 |
TEGNA is projected to stay under $18.59 in March
Maximum drawdown is down to 12.79. It may suggest a possible volatility slip. TEGNA Inc has relatively low volatility with skewness of 0.99 and kurtosis of 3.63. However, we advise all investors to independently investigate TEGNA Inc to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure TEGNA's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact TEGNA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Bottom Line On TEGNA Inc
Whereas some firms within the broadcasting industry are still a little expensive, even after the recent corrections, TEGNA may offer a potential longer-term growth to investors. While some in two-three weeks oriented investors may not share our view, we believe it may not be a good time to acquire new shares of TEGNA.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile 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 Tegna Inc. Please refer to our
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