Teekay Tankers Stock Alpha and Beta Analysis
| TNK Stock | USD 41.52 0.21 0.50% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Teekay Tankers. It also helps investors analyze the systematic and unsystematic risks associated with investing in Teekay Tankers over a specified time horizon. Remember, high Teekay Tankers' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Teekay Tankers' market risk premium analysis include:
Beta 0.85 | Alpha (0.50) | Risk 2.01 | Sharpe Ratio (0.21) | Expected Return (0.43) |
Teekay Tankers Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Teekay |
Teekay Tankers Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Teekay Tankers market risk premium is the additional return an investor will receive from holding Teekay Tankers long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Teekay Tankers. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Teekay Tankers' performance over market.| α | -0.5 | β | 0.85 |
Teekay Tankers expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Teekay Tankers' Buy-and-hold return. Our buy-and-hold chart shows how Teekay Tankers performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Teekay Tankers Market Price Analysis
Market price analysis indicators help investors to evaluate how Teekay Tankers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teekay Tankers shares will generate the highest return on investment. By understating and applying Teekay Tankers stock market price indicators, traders can identify Teekay Tankers position entry and exit signals to maximize returns.
Teekay Tankers Return and Market Media
The median price of Teekay Tankers for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 54.58 with a coefficient of variation of 10.61. The daily time series for the period is distributed with a sample standard deviation of 5.58, arithmetic mean of 52.56, and mean deviation of 4.76. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Ritholtz Wealth Management Boosts Stake in Teekay Co. | 10/14/2024 |
2 | Teekay Tankers Stock Sinks As Market Gains Heres Why | 10/24/2024 |
3 | A.P. Moller-Maersk Earnings Expected to Grow What to Know Ahead of Q3 Release | 10/25/2024 |
4 | Teekay Corporation Non-GAAP EPS of 0.23, revenue of 272.62M | 10/31/2024 |
5 | Teekay Tankers Ltd. Q3 2024 Earnings Call Transcript | 11/01/2024 |
6 | Lacklustre Performance Is Driving Teekay Tankers Ltd.s 25 percent Price Drop | 11/06/2024 |
7 | Teekay Tankers stock hits 52-week low at 43.42 amid market shifts - Investing.com | 11/15/2024 |
| Teekay Tankers dividend paid on 22nd of November 2024 | 11/22/2024 |
About Teekay Tankers Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Teekay or other stocks. Alpha measures the amount that position in Teekay Tankers has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0401 | 0.0381 | Price To Sales Ratio | 1.25 | 1.66 |
Teekay Tankers Upcoming Company Events
As portrayed in its financial statements, the presentation of Teekay Tankers' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Teekay Tankers' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Teekay Tankers' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Teekay Tankers. Please utilize our Beneish M Score to check the likelihood of Teekay Tankers' management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Teekay Tankers Backtesting, Teekay Tankers Valuation, Teekay Tankers Correlation, Teekay Tankers Hype Analysis, Teekay Tankers Volatility, Teekay Tankers History and analyze Teekay Tankers Performance. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Teekay Tankers 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.