Tegna Stock Forecast - Naive Prediction

TGNA Stock  USD 18.92  0.16  0.84%   
The Naive Prediction forecasted value of Tegna Inc on the next trading day is expected to be 18.75 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.08. Tegna Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tegna stock prices and determine the direction of Tegna Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tegna's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, the relative strength momentum indicator of Tegna's share price is approaching 37. This usually implies that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Tegna, making its price go up or down.

Momentum 37

 Sell Extended

 
Oversold
 
Overbought
The successful prediction of Tegna's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Tegna Inc, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Tegna's stock price prediction:
Quarterly Earnings Growth
(0.74)
EPS Estimate Next Quarter
0.4469
EPS Estimate Current Year
1.556
EPS Estimate Next Year
3.0191
Wall Street Target Price
21.6667
Using Tegna hype-based prediction, you can estimate the value of Tegna Inc from the perspective of Tegna response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Tegna using Tegna's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Tegna using crowd psychology based on the activity and movement of Tegna's stock price.

Tegna Short Interest

A significant increase or decrease in Tegna's short interest from the previous month could be a good indicator of investor sentiment towards Tegna. Short interest can provide insight into the potential direction of Tegna stock and how bullish or bearish investors feel about the market overall.
200 Day MA
18.5155
Short Percent
0.0868
Short Ratio
5.5
Shares Short Prior Month
10.5 M
50 Day MA
19.6254

Tegna Inc Hype to Price Pattern

Investor biases related to Tegna's public news can be used to forecast risks associated with an investment in Tegna. The trend in average sentiment can be used to explain how an investor holding Tegna can time the market purely based on public headlines and social activities around Tegna Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Tegna's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Tegna.

Tegna Implied Volatility

    
  0.45  
Tegna's implied volatility exposes the market's sentiment of Tegna Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Tegna's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Tegna stock will not fluctuate a lot when Tegna's options are near their expiration.
The Naive Prediction forecasted value of Tegna Inc on the next trading day is expected to be 18.75 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.08.

Tegna after-hype prediction price

    
  USD 19.08  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Tegna to cross-verify your projections.
At present, Tegna's Receivables Turnover is projected to slightly decrease based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 5.77, whereas Inventory Turnover is forecasted to decline to 31.21. . The current year's Common Stock Shares Outstanding is expected to grow to about 211.4 M, whereas Net Income Applicable To Common Shares is forecasted to decline to about 566.1 M.

Open Interest Against 2026-04-17 Tegna Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Tegna's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Tegna's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Tegna stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Tegna's open interest, investors have to compare it to Tegna's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Tegna is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Tegna. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.

Tegna Additional Predictive Modules

Most predictive techniques to examine Tegna price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Tegna using various technical indicators. When you analyze Tegna charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Tegna Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Tegna's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
1985-12-31
Previous Quarter
756.5 M
Current Value
232.8 M
Quarterly Volatility
195.5 M
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Tegna is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Tegna Inc value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Tegna Naive Prediction Price Forecast For the 10th of January

Given 90 days horizon, the Naive Prediction forecasted value of Tegna Inc on the next trading day is expected to be 18.75 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.08.
Please note that although there have been many attempts to predict Tegna Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Tegna's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Tegna Stock Forecast Pattern

Backtest TegnaTegna Price PredictionBuy or Sell Advice 

Tegna Forecasted Value

In the context of forecasting Tegna's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Tegna's downside and upside margins for the forecasting period are 17.99 and 19.51, respectively. We have considered Tegna's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
18.92
18.75
Expected Value
19.51
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Tegna stock data series using in forecasting. Note that when a statistical model is used to represent Tegna stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria114.4722
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1325
MAPEMean absolute percentage error0.0068
SAESum of the absolute errors8.0825
This model is not at all useful as a medium-long range forecasting tool of Tegna Inc. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Tegna. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Tegna

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tegna Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
18.3219.0819.84
Details
Intrinsic
Valuation
LowRealHigh
17.1720.5021.26
Details
Bollinger
Band Projection (param)
LowMiddleHigh
19.0519.4119.78
Details
6 Analysts
Consensus
LowTargetHigh
19.7221.6724.05
Details

Other Forecasting Options for Tegna

For every potential investor in Tegna, whether a beginner or expert, Tegna's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tegna Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tegna. Basic forecasting techniques help filter out the noise by identifying Tegna's price trends.

Tegna Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tegna stock to make a market-neutral strategy. Peer analysis of Tegna could also be used in its relative valuation, which is a method of valuing Tegna by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Tegna Inc Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Tegna's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Tegna's current price.

Tegna Market Strength Events

Market strength indicators help investors to evaluate how Tegna stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tegna shares will generate the highest return on investment. By undertsting and applying Tegna stock market strength indicators, traders can identify Tegna Inc entry and exit signals to maximize returns.

Tegna Risk Indicators

The analysis of Tegna's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Tegna's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tegna stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Tegna Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tegna's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tegna Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tegna Inc Stock:
Check out Historical Fundamental Analysis of Tegna to cross-verify your projections.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Broadcasting 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 Tegna. If investors know Tegna 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. All the valuation information about Tegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.74)
Dividend Share
0.5
Earnings Share
2.09
Revenue Per Share
17.832
Quarterly Revenue Growth
(0.19)
The market value of Tegna Inc is measured differently than its book value, which is the value of Tegna that is recorded on the company's balance sheet. Investors also form their own opinion of Tegna's value that differs from its market value or its book value, called intrinsic value, which is Tegna's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tegna's market value can be influenced by many factors that don't directly affect Tegna's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tegna's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.