Teekay Competitors
| TNK Stock | USD 65.25 0.73 1.13% |
Teekay Tankers vs Par Pacific Correlation
Average diversification
The correlation between Teekay Tankers and PARR is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teekay Tankers and PARR in the same portfolio, assuming nothing else is changed.
Moving together with Teekay Stock
Moving against Teekay Stock
Return On Tangible Assets is expected to rise to 0.19 this year. Return On Capital Employed is expected to rise to 0.25 this year. At this time, Teekay Tankers' Fixed Asset Turnover is quite stable compared to the past year. Return On Assets is expected to rise to 0.19 this year, although the value of Intangible Assets will most likely fall to about 262.5 K.Teekay Tankers Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Teekay Tankers and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Teekay and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Teekay Tankers does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Teekay Stock performing well and Teekay Tankers Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Teekay Tankers' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRMD | 1.52 | 0.27 | 0.15 | 13.82 | 1.29 | 4.36 | 10.37 | |||
| DHT | 1.26 | 0.20 | 0.08 | (0.67) | 1.34 | 3.00 | 12.28 | |||
| NOG | 2.11 | 0.20 | 0.06 | 1.32 | 2.45 | 5.26 | 10.76 | |||
| GEL | 1.64 | 0.04 | 0.01 | 0.15 | 1.76 | 3.32 | 8.30 | |||
| CSAN | 2.36 | 0.01 | 0.00 | 0.06 | 3.15 | 5.52 | 18.30 | |||
| INSW | 1.51 | 0.35 | 0.19 | (1.07) | 1.32 | 3.52 | 14.71 | |||
| DKL | 1.21 | 0.16 | 0.08 | 0.44 | 1.42 | 2.42 | 10.05 | |||
| SM | 1.93 | (0.10) | 0.00 | (0.47) | 0.00 | 3.59 | 10.18 | |||
| SDRL | 2.02 | 0.31 | 0.12 | 0.39 | 2.22 | 4.85 | 14.86 | |||
| PARR | 2.30 | (0.02) | 0.00 | 0.09 | 0.00 | 5.03 | 15.14 |
Cross Equities Net Income Analysis
Compare Teekay Tankers and related stocks such as Torm PLC Class, DHT Holdings, and Northern Oil Gas Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRMD | 30.7 M | (453 M) | (580.6 M) | (162.2 M) | (284.2 M) | 126 M | (142.5 M) | 2.4 M | (34.8 M) | 166 M | 88.1 M | (42.1 M) | 562.8 M | 648.3 M | 612.5 M | 704.4 M | 739.6 M |
| DHT | 6.1 M | (40.3 M) | (94.1 M) | (4.1 M) | 12.9 M | 105.3 M | 9.3 M | 6.6 M | (46.9 M) | 73.7 M | 266.3 M | (11.5 M) | 61.5 M | 161.4 M | 181.4 M | 208.6 M | 219 M |
| NOG | (4.9 K) | 40.6 M | 72.3 M | 53.1 M | 163.7 M | (975.4 M) | (293.5 M) | (9.2 M) | 143.7 M | (76.3 M) | (906 M) | 6.4 M | 773.2 M | 923 M | 520.3 M | 598.4 M | 628.3 M |
| GEL | 1.3 M | 51.2 M | 96.3 M | 86.1 M | 106.2 M | 422.5 M | 113.2 M | 82.6 M | (6.1 M) | 96 M | (416.7 M) | (165.1 M) | 75.5 M | 117.7 M | (63.9 M) | (73.5 M) | (69.9 M) |
| CSAN | 32.3 M | 2.6 B | 638.2 M | 104.2 M | 292 M | 666.6 M | 1 B | 1.3 B | 1.7 B | 2.4 B | 859.5 M | 6.3 B | 1.2 B | 1.1 B | (9.4 B) | (8.5 B) | (8.1 B) |
| INSW | (723.8 M) | (723.8 M) | (723.8 M) | (723.8 M) | (119.1 M) | 173.2 M | (18.2 M) | (106.1 M) | (88.9 M) | (830 K) | (5.5 M) | (133.5 M) | 387.9 M | 556.4 M | 416.7 M | 479.2 M | 503.2 M |
| DKL | 10.1 M | 12.6 M | 8.4 M | 47.8 M | 72 M | 66.8 M | 62.8 M | 69.4 M | 90.2 M | 96.7 M | 159.3 M | 164.8 M | 159.1 M | 126.2 M | 142.7 M | 164.1 M | 94.5 M |
| SM | 3.4 M | 215.4 M | (54.2 M) | 170.9 M | 666.1 M | (447.7 M) | (757.7 M) | (160.8 M) | 508.4 M | (187 M) | (764.6 M) | 36.2 M | 1.1 B | 817.9 M | 770.3 M | 885.8 M | 930.1 M |
| SDRL | 1.1 B | 1.1 B | 1.1 B | 2.7 B | 4 B | (634 M) | (181 M) | (3 B) | (4.5 B) | (1.2 B) | (4.7 B) | (587 M) | 3.9 B | 300 M | 446 M | 401.4 M | 421.5 M |
| PARR | (4.5 M) | (470.1 M) | (470.1 M) | (79.2 M) | (47 M) | (39.9 M) | (45.8 M) | 72.6 M | 39.4 M | 40.8 M | (409.1 M) | (81.3 M) | 364.2 M | 728.6 M | (33.3 M) | (38.3 M) | (40.2 M) |
Teekay Tankers and related stocks such as Torm PLC Class, DHT Holdings, and Northern Oil Gas Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Teekay Tankers financial statement analysis. It represents the amount of money remaining after all of Teekay Tankers operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Teekay Tankers Competitive Analysis
The better you understand Teekay Tankers competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Teekay Tankers' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Teekay Tankers' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Teekay Tankers Competition Performance Charts
Five steps to successful analysis of Teekay Tankers Competition
Teekay Tankers' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Teekay Tankers in relation to its competition. Teekay Tankers' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Teekay Tankers in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Teekay Tankers' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Teekay Tankers, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Teekay Tankers Correlation with its peers. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay Tankers. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Teekay Tankers assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.492 | Dividend Share 3 | Earnings Share 9.11 | Revenue Per Share | Quarterly Revenue Growth (0.17) |
Understanding Teekay Tankers requires distinguishing between market price and book value, where the latter reflects Teekay's accounting equity. The concept of intrinsic value—what Teekay Tankers' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Teekay Tankers' price substantially above or below its fundamental value.
Please note, there is a significant difference between Teekay Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Teekay Tankers' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.