Teekay Stock Price on October 28, 2024

Teekay Valuation on October 28, 2024

Teekay Trading Date Momentum on October 28, 2024

On October 29 2024 Teekay was traded for  6.56  at the closing time. The highest price during the trading period was 6.65  and the lowest recorded bid was listed for  6.49 . The volume for the day was 707.4 K. This history from October 29, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 1.06% . The trading price change to the current price is 8.30% .

Teekay Fundamentals Correlations and Trends

By evaluating Teekay's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Teekay's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Teekay financial account trend analysis is a perfect complement when working with valuation or volatility modules.

Teekay investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Teekay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Teekay will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Teekay stock prices may prove useful in developing a viable investing in Teekay

Teekay 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.

Market strength indicators help investors to evaluate how Teekay 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 shares will generate the highest return on investment. By undertsting and applying Teekay stock market strength indicators, traders can identify Teekay entry and exit signals to maximize returns

Predictive indicators are helping investors to find signals for Teekay's price direction in advance. Along with the technical and fundamental analysis of Teekay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Teekay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Is Transportation 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 Teekay. If investors know Teekay 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 Teekay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Teekay is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay's value that differs from its market value or its book value, called intrinsic value, which is Teekay'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 Teekay's market value can be influenced by many factors that don't directly affect Teekay'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 Teekay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay'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.