Tetra Tech Stock Market Value
| TTEK Stock | USD 41.22 0.26 0.63% |
| Symbol | Tetra |
Tetra Tech Price To Book Ratio
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.
Tetra Tech '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 Tetra Tech'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 Tetra Tech.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Tetra Tech on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Tetra Tech or generate 0.0% return on investment in Tetra Tech over 510 days. Tetra Tech is related to or competes with Jacobs Solutions, KBR, Fluor, Topbuild Corp, Comfort Systems, MYR, and Granite Construction. Tetra Tech, Inc. provides consulting and engineering services worldwide More
Tetra Tech 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 Tetra Tech'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 Tetra Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.8 |
Tetra Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tetra Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tetra Tech's standard deviation. In reality, there are many statistical measures that can use Tetra Tech historical prices to predict the future Tetra Tech's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (3.93) |
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 Backtested Returns
Tetra Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0727, which indicates the firm had a -0.0727% return per unit of risk over the last 3 months. Tetra Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tetra Tech's Coefficient Of Variation of (1,323), risk adjusted performance of (0.05), and Variance of 5.37 to confirm the risk estimate we provide. The entity has a beta of 0.0471, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tetra Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tetra Tech is expected to be smaller as well. At this point, Tetra Tech has a negative expected return of -0.17%. Please make sure to validate Tetra Tech's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Tetra Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Tetra Tech has weak predictability. Overlapping area represents the amount of predictability between Tetra Tech time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Tetra Tech price movement. The serial correlation of 0.23 indicates that over 23.0% of current Tetra Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 15.18 |
Tetra Tech lagged returns against current returns
Autocorrelation, which is Tetra Tech 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 Tetra Tech's stock expected returns. We can calculate the autocorrelation of Tetra Tech returns to help us make a trade decision. For example, suppose you find that Tetra Tech 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 |
Tetra Tech 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 Tetra Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tetra Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tetra Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Tetra Tech Lagged Returns
When evaluating Tetra Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tetra Tech stock have on its future price. Tetra Tech 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, Tetra Tech autocorrelation shows the relationship between Tetra Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Tetra Tech.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Tetra Tech Correlation, Tetra Tech Volatility and Tetra Tech Alpha and Beta module to complement your research on Tetra Tech. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Tetra Tech 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.