TEGNA (Germany) Market Value
| GTT Stock | EUR 17.70 0.30 1.67% |
| Symbol | TEGNA |
TEGNA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TEGNA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TEGNA.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in TEGNA on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding TEGNA Inc or generate 0.0% return on investment in TEGNA over 30 days. TEGNA is related to or competes with News, News, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. TEGNA Inc. operates as a media company in the United States More
TEGNA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TEGNA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TEGNA Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1995 | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 3.51 |
TEGNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TEGNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TEGNA's standard deviation. In reality, there are many statistical measures that can use TEGNA historical prices to predict the future TEGNA's volatility.| Risk Adjusted Performance | 0.2066 | |||
| Jensen Alpha | 0.3745 | |||
| Total Risk Alpha | 0.1996 | |||
| Sortino Ratio | 0.2951 | |||
| Treynor Ratio | 0.3738 |
TEGNA Inc Backtested Returns
TEGNA appears to be not too volatile, given 3 months investment horizon. TEGNA Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of volatility over the last 3 months. By analyzing TEGNA's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review TEGNA's coefficient of variation of 382.07, and Risk Adjusted Performance of 0.2066 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TEGNA holds a performance score of 20. The entity has a beta of 1.52, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TEGNA will likely underperform. Please check TEGNA's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether TEGNA's existing price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
TEGNA Inc has very good predictability. Overlapping area represents the amount of predictability between TEGNA time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TEGNA Inc price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current TEGNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
TEGNA Inc lagged returns against current returns
Autocorrelation, which is TEGNA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TEGNA's stock expected returns. We can calculate the autocorrelation of TEGNA returns to help us make a trade decision. For example, suppose you find that TEGNA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TEGNA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TEGNA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TEGNA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TEGNA stock over time.
Current vs Lagged Prices |
| Timeline |
TEGNA Lagged Returns
When evaluating TEGNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TEGNA stock have on its future price. TEGNA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TEGNA autocorrelation shows the relationship between TEGNA stock current value and its past values and can show if there is a momentum factor associated with investing in TEGNA Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in TEGNA Stock
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 TEGNA Correlation, TEGNA Volatility and TEGNA Alpha and Beta module to complement your research on TEGNA. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
TEGNA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.