TEGNA INC 5 Market Value
| 87901JAH8 | 87.29 7.55 7.96% |
| Symbol | TEGNA |
Please note, there is a significant difference between TEGNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if TEGNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TEGNA'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.
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 bond 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.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in TEGNA on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding TEGNA INC 5 or generate 0.0% return on investment in TEGNA over 30 days. TEGNA is related to or competes with Levi Strauss, Dream Office, Toro, Franklin Wireless, Rocky Brands, Genesco, and Grounded People. 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 bond 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 5 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.96 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.6998 |
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 | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.3243 |
TEGNA INC 5 Backtested Returns
TEGNA INC 5 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.086, which indicates the bond had a -0.086 % return per unit of volatility over the last 3 months. TEGNA INC 5 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TEGNA's variance of 1.31, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TEGNA are expected to decrease at a much lower rate. During the bear market, TEGNA is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
TEGNA INC 5 has very weak reverse predictability. Overlapping area represents the amount of predictability between TEGNA time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 2025. 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 5 price movement. The serial correlation of -0.08 indicates that barely 8.0% of current TEGNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 3.91 |
TEGNA INC 5 lagged returns against current returns
Autocorrelation, which is TEGNA bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TEGNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TEGNA bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in TEGNA INC 5.
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.Other Information on Investing in TEGNA Bond
TEGNA financial ratios help investors to determine whether TEGNA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TEGNA with respect to the benefits of owning TEGNA security.