Tetra Tech Stock Probability of Future Stock Price Finishing Over 34.07
| TTEK Stock | USD 41.51 0.04 0.1% |
Tetra |
Tetra Tech Target Price Odds to finish over 34.07
The tendency of Tetra Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 34.07 in 90 days |
| 41.51 | 90 days | 34.07 | close to 99 |
Based on a normal probability distribution, the odds of Tetra Tech to stay above $ 34.07 in 90 days from now is close to 99 (This Tetra Tech probability density function shows the probability of Tetra Stock to fall within a particular range of prices over 90 days) . Probability of Tetra Tech price to stay between $ 34.07 and its current price of $41.51 at the end of the 90-day period is roughly 2.85 .
Given the investment horizon of 90 days Tetra Tech has a beta of 0.0549. This usually implies as returns on the market go up, Tetra Tech average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tetra Tech will be expected to be much smaller as well. Additionally Tetra Tech has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Tetra Tech Price Density |
| Price |
Predictive Modules for Tetra Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tetra Tech. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tetra Tech'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.
Tetra Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tetra Tech is not an exception. The market had few large corrections towards the Tetra Tech's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Tetra Tech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tetra Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 2.69 | |
Ir | Information ratio | -0.13 |
Tetra Tech Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Tetra Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tetra Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tetra Tech generated a negative expected return over the last 90 days | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Tetra Techs SWOT analysis environmental firms stock faces federal spending shifts |
Tetra Tech Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Tetra Stock often depends not only on the future outlook of the current and potential Tetra Tech's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Tetra Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 270 M | |
| Cash And Short Term Investments | 232.7 M |
Tetra Tech Technical Analysis
Tetra Tech's future price can be derived by breaking down and analyzing its technical indicators over time. Tetra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tetra Tech. In general, you should focus on analyzing Tetra Stock price patterns and their correlations with different microeconomic environments and drivers.
Tetra Tech Predictive Forecast Models
Tetra Tech's time-series forecasting models is one of many Tetra Tech's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Tetra Tech's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Tetra Tech
Checking the ongoing alerts about Tetra Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tetra Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tetra Tech generated a negative expected return over the last 90 days | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Tetra Techs SWOT analysis environmental firms stock faces federal spending shifts |
Check out Tetra Tech Backtesting, Tetra Tech Valuation, Tetra Tech Correlation, Tetra Tech Hype Analysis, Tetra Tech Volatility, Tetra Tech History as well as Tetra Tech Performance. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Environmental & Facilities Services 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 Tetra Tech. If investors know Tetra 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 Tetra Tech 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 0.749 | Earnings Share 1.23 | Revenue Per Share 15.861 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0765 |
The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech'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 Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech'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 Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech'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.