Tenable Holdings Stock Market Value
| TENB Stock | USD 42.44 0.59 1.41% |
| Symbol | Tenable |
Tenable Holdings Price To Book Ratio
Is Systems Software 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 Tenable Holdings. If investors know Tenable 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 Tenable Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.51) | Revenue Per Share 7.435 | Quarterly Revenue Growth 0.127 | Return On Assets (0.01) | Return On Equity (0.16) |
The market value of Tenable Holdings is measured differently than its book value, which is the value of Tenable that is recorded on the company's balance sheet. Investors also form their own opinion of Tenable Holdings' value that differs from its market value or its book value, called intrinsic value, which is Tenable Holdings' 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 Tenable Holdings' market value can be influenced by many factors that don't directly affect Tenable Holdings' 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 Tenable Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenable Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenable Holdings' 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.
Tenable Holdings '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 Tenable Holdings' 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 Tenable Holdings.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tenable Holdings on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tenable Holdings or generate 0.0% return on investment in Tenable Holdings over 30 days. Tenable Holdings is related to or competes with GigaCloud Technology, Arqit Quantum, Cemtrex, Rapid7, Qualys, Zuora, and Paysafe. Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia ... More
Tenable Holdings 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 Tenable Holdings' 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 Tenable Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.52 |
Tenable Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tenable Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tenable Holdings' standard deviation. In reality, there are many statistical measures that can use Tenable Holdings historical prices to predict the future Tenable Holdings' volatility.| Risk Adjusted Performance | 0.0272 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0284 |
Tenable Holdings Backtested Returns
At this point, Tenable Holdings is very steady. Tenable Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0439, which indicates the firm had a 0.0439% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tenable Holdings, which you can use to evaluate the volatility of the company. Please validate Tenable Holdings' Risk Adjusted Performance of 0.0272, semi deviation of 1.5, and Coefficient Of Variation of 3533.84 to confirm if the risk estimate we provide is consistent with the expected return of 0.075%. Tenable Holdings has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.33, 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, Tenable Holdings will likely underperform. Tenable Holdings right now has a risk of 1.71%. Please validate Tenable Holdings expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Tenable Holdings will be following its existing price patterns.
Auto-correlation | 0.65 |
Good predictability
Tenable Holdings has good predictability. Overlapping area represents the amount of predictability between Tenable Holdings 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 Tenable Holdings price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Tenable Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Tenable Holdings lagged returns against current returns
Autocorrelation, which is Tenable Holdings 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 Tenable Holdings' stock expected returns. We can calculate the autocorrelation of Tenable Holdings returns to help us make a trade decision. For example, suppose you find that Tenable Holdings 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 |
Tenable Holdings 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 Tenable Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenable Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenable Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Tenable Holdings Lagged Returns
When evaluating Tenable Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tenable Holdings stock have on its future price. Tenable Holdings 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, Tenable Holdings autocorrelation shows the relationship between Tenable Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Tenable Holdings.
Regressed Prices |
| Timeline |
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 Tenable Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenable Holdings' 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 Tenable Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenable Holdings Stock:Check out Tenable Holdings Correlation, Tenable Holdings Volatility and Tenable Holdings Alpha and Beta module to complement your research on Tenable Holdings. For information on how to trade Tenable Stock refer to our How to Trade Tenable Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Tenable Holdings 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.