Tsakos Energy's market value is the price at which a share of Tsakos Energy trades on a public exchange. It measures the collective expectations of Tsakos Energy Navigation investors about its performance. Tsakos Energy is trading at 26.54 as of the 25th of November 2024, a 0.72 percent increase since the beginning of the trading day. The preferred stock's lowest day price was 26.4. With this module, you can estimate the performance of a buy and hold strategy of Tsakos Energy Navigation and determine expected loss or profit from investing in Tsakos Energy over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Tsakos
Tsakos Energy '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 Tsakos Energy's preferred 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 Tsakos Energy.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in Tsakos Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tsakos Energy Navigation or generate 0.0% return on investment in Tsakos Energy over 30 days.
Tsakos Energy 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 Tsakos Energy's preferred 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 Tsakos Energy Navigation upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsakos Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsakos Energy's standard deviation. In reality, there are many statistical measures that can use Tsakos Energy historical prices to predict the future Tsakos Energy's volatility.
Tsakos Energy Navigation owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0788, which indicates the firm had a 0.0788% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tsakos Energy Navigation, which you can use to evaluate the volatility of the company. Please validate Tsakos Energy's Semi Deviation of 0.3301, risk adjusted performance of 0.043, and Coefficient Of Variation of 1384.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.0273%. Tsakos Energy has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.0435, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tsakos Energy are expected to decrease at a much lower rate. During the bear market, Tsakos Energy is likely to outperform the market. Tsakos Energy Navigation right now has a risk of 0.35%. Please validate Tsakos Energy maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Tsakos Energy will be following its existing price patterns.
Auto-correlation
-0.34
Poor reverse predictability
Tsakos Energy Navigation has poor reverse predictability. Overlapping area represents the amount of predictability between Tsakos Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Tsakos Energy Navigation price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tsakos Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.34
Spearman Rank Test
-0.1
Residual Average
0.0
Price Variance
0.01
Tsakos Energy Navigation lagged returns against current returns
Autocorrelation, which is Tsakos Energy preferred 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 Tsakos Energy's preferred stock expected returns. We can calculate the autocorrelation of Tsakos Energy returns to help us make a trade decision. For example, suppose you find that Tsakos Energy has exhibited high autocorrelation historically, and you observe that the preferred 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
Tsakos Energy 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 Tsakos Energy preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsakos Energy preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsakos Energy preferred stock over time.
Current vs Lagged Prices
Timeline
Tsakos Energy Lagged Returns
When evaluating Tsakos Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsakos Energy preferred stock have on its future price. Tsakos Energy 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, Tsakos Energy autocorrelation shows the relationship between Tsakos Energy preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Tsakos Energy Navigation.
Regressed Prices
Timeline
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