Tetra Story

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TTEK -- USA Stock  

USD 121.90  2.31  1.93%

Tetra Tech is currently generating 0.328% in daily expected returns and assumes 1.9091% risk (volatility on return distribution) over the 60 days horizon. As many old-fashioned traders are trying to avoid industrials space, it makes sense to examine Tetra Tech a little further and try to understand its current volatility patterns. We will concentrate on why some traders are closely monitoring Tetra Tech's volatility. Tetra Tech's very low volatility may have no significant impact on the stock's value as we estimate Tetra Tech as currently fairly valued. The real value, based on our calculations, is getting close to 113.31 per share.
Published over three weeks ago
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Is Tetra Tech (NASDAQ:TTEK) low volatility a good sign for traders?
Tetra Tech currently holds roughly 141.66 M in cash with 289.68 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.63.
Volatility is a rate at which the price of Tetra Tech or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Tetra Tech may increase or decrease. In other words, similar to Tetra's beta indicator, it measures the risk of Tetra Tech and helps estimate the fluctuations that may happen in a short period of time. So if prices of Tetra Tech fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Tetra Tech's Liquidity

Tetra Tech financial leverage refers to using borrowed capital as a funding source to finance Tetra Tech ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Tetra Tech 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. Please check the breakdown between Tetra Tech's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Tetra Tech, but it might be worth checking our own buy vs. sell analysis

Tetra Tech Volatility Drivers

Tetra Tech unsystematic risk is unique to Tetra Tech and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Tetra Tech you can also buy Skanska A B. You can also mitigate this risk by investing in the engineering & construction sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Tetra Tech important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Tetra Tech income statement and balance sheet. Here are more details about Tetra volatility.
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