Teekay Story

<div class='circular--portrait' style='background:#FF6600;color: #FFFAFA;font-size:4em;'>TK</div>
TK -- USA Stock  

USD 2.18  0.02  0.93%

As many millenniums are trying to avoid energy space, it makes sense to examine Teekay a little further and try to understand its current market patterns. As we have suggested previously, Teekay is beginning its plunge as traders shift to be more bearish due to the increased sector volatility. The returns on investing in Teekay and the market returns of the last few months appear disconnected. Inconsistent basic indicators of the firm may also signify signs of long-lasting losses for Teekay traders. Teekay is scheduled to announce its earnings tomorrow.
Published over a month ago
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Is Teekay (NYSE:TK) moving to revert?
Teekay's average rating is Hold 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 Teekay market sentiment investors' perception of the future value of Teekay. Let us look at a few aspects of Teekay technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Teekay. In general, we focus on analyzing Teekay stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Teekay'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 Teekay's intrinsic value. In addition to deriving basic predictive indicators for Teekay, we also check how macroeconomic factors affect Teekay price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Teekay Stands against Peers?

Analyzing Teekay 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 Teekay 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 Teekay Competition Details

How Teekay utilizes its cash?

To perform a cash flow analysis of Teekay, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Teekay is receiving and how much cash it distributes out in a given period. The Teekay cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Breaking down Teekay Indicators

The entity has a beta of 0.096. Let's try to break down what Teekay's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Teekay will likely underperform. The beta indicator helps investors understand whether Teekay moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Teekay deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The big decline in price over the last few months for Teekay created some momentum for traders as it was traded today as low as 2.36 and as high as 2.54 per share. The company directors and management failed to add value to investors and positioning the company supply of money to exploit market volatility in July. However, diversifying your holdings with Teekay or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days investing horizon is currently 4.55. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the Teekay partners.

Are Teekay technical indicators showing a recoup?

Recent coefficient of variation is at -660.62. Teekay exhibits very low volatility with skewness of 0.73 and kurtosis of 0.2. However, we advise investors to further study Teekay technical indicators to make sure all market info is available and is reliable.

Our Final Take On Teekay

Although some other entities in the oil & gas midstream industry are either recovering or due for a correction, Teekay may not be as strong as the others in terms of longer-term growth potentials. The bottom line, as of the 1st of August 2020, our final 30 days buy-sell recommendation on the firm is Strong Sell. However, we believe Teekay is undervalued with average chance of distress 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 Teekay. Please refer to our Terms of Use for any information regarding our disclosure principles.

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