Tredegar Stock Market Value
| TG Stock | USD 7.17 0.05 0.70% |
| Symbol | Tredegar |
Tredegar Price To Book Ratio
Is Commodity Chemicals 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 Tredegar. If investors know Tredegar 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 Tredegar 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 (0.83) | Earnings Share (0.80) | Revenue Per Share 20.887 | Quarterly Revenue Growth 0.095 | Return On Assets 0.0281 |
The market value of Tredegar is measured differently than its book value, which is the value of Tredegar that is recorded on the company's balance sheet. Investors also form their own opinion of Tredegar's value that differs from its market value or its book value, called intrinsic value, which is Tredegar'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 Tredegar's market value can be influenced by many factors that don't directly affect Tredegar'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 Tredegar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tredegar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tredegar'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.
Tredegar '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 Tredegar'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 Tredegar.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Tredegar on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Tredegar or generate 0.0% return on investment in Tredegar over 660 days. Tredegar is related to or competes with Northwest Pipe, Insteel Industries, Ryerson Holding, Haynes International, ESAB Corp, Mayville Engineering, and Gulf Island. Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene films, and poly... More
Tredegar 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 Tredegar'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 Tredegar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.27 | |||
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 31.25 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 6.47 |
Tredegar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tredegar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tredegar's standard deviation. In reality, there are many statistical measures that can use Tredegar historical prices to predict the future Tredegar's volatility.| Risk Adjusted Performance | 0.0975 | |||
| Jensen Alpha | 0.2125 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.071 | |||
| Treynor Ratio | 0.2424 |
Tredegar Backtested Returns
Tredegar appears to be somewhat reliable, given 3 months investment horizon. Tredegar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0902, which indicates the firm had a 0.0902% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tredegar, which you can use to evaluate the volatility of the company. Please review Tredegar's Risk Adjusted Performance of 0.0975, semi deviation of 3.64, and Coefficient Of Variation of 856.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tredegar holds a performance score of 7. The entity has a beta of 1.75, 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, Tredegar will likely underperform. Please check Tredegar's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Tredegar's existing price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Tredegar has good reverse predictability. Overlapping area represents the amount of predictability between Tredegar time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 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 Tredegar price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Tredegar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Tredegar lagged returns against current returns
Autocorrelation, which is Tredegar 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 Tredegar's stock expected returns. We can calculate the autocorrelation of Tredegar returns to help us make a trade decision. For example, suppose you find that Tredegar 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 |
Tredegar 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 Tredegar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tredegar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tredegar stock over time.
Current vs Lagged Prices |
| Timeline |
Tredegar Lagged Returns
When evaluating Tredegar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tredegar stock have on its future price. Tredegar 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, Tredegar autocorrelation shows the relationship between Tredegar stock current value and its past values and can show if there is a momentum factor associated with investing in Tredegar.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tredegar Correlation, Tredegar Volatility and Tredegar Alpha and Beta module to complement your research on Tredegar. For more detail on how to invest in Tredegar Stock please use our How to Invest in Tredegar guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Tredegar 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.