Tennant Company Stock Price on December 23, 2024
TNC Stock | USD 80.78 0.74 0.91% |
If you're considering investing in Tennant Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tennant stands at 80.78, as last reported on the 30th of December, with the highest price reaching 81.82 and the lowest price hitting 80.22 during the day. Tennant Company owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Tennant Company exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tennant's Variance of 3.41, coefficient of variation of (858.87), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
Tennant Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tennant |
Sharpe Ratio = -0.1164
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Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tennant is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tennant by adding Tennant to a well-diversified portfolio.
Tennant Valuation on December 23, 2024
It is possible to determine the worth of Tennant on a given historical date. On December 23, 2024 Tennant was worth 80.01 at the beginning of the trading date compared to the closed value of 80.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tennant stock. Still, in general, we apply an absolute valuation method to find Tennant's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tennant where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tennant's related companies.
Open | High | Low | Close | Volume | |
80.80 | 82.14 | 79.72 | 80.29 | 780,040 | |
12/23/2024 | 80.01 | 80.43 | 79.35 | 80.27 | 115,444 |
79.92 | 80.88 | 79.25 | 80.64 | 85,783 |
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Tennant Trading Date Momentum on December 23, 2024
On December 24 2024 Tennant Company was traded for 80.64 at the closing time. Highest Tennant's price during the trading hours was 80.88 and the lowest price during the day was 79.25 . The net volume was 85.8 K. The overall trading history on the 24th of December contributed to the next trading period price growth. The trading price change to the next next day price was 0.46% . The trading price change to current price is 0.56% . |
Tennant Company Fundamentals Correlations and Trends
By evaluating Tennant'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 Tennant's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tennant financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tennant Stock history
Tennant 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 Tennant is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tennant Company 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 Tennant stock prices may prove useful in developing a viable investing in Tennant
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota. Tennant operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 4250 people.
Tennant Stock Technical Analysis
Tennant 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.
Price Boundaries
Tennant Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Tennant Company cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tennant December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Tennant stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tennant shares will generate the highest return on investment. By undertsting and applying Tennant stock market strength indicators, traders can identify Tennant Company entry and exit signals to maximize returns
Tennant Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tennant's price direction in advance. Along with the technical and fundamental analysis of Tennant Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tennant 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.
Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.26) | |||
Total Risk Alpha | (0.28) | |||
Treynor Ratio | (0.16) |
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Volume Indicators |
Complementary Tools for Tennant Stock analysis
When running Tennant's price analysis, check to measure Tennant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tennant is operating at the current time. Most of Tennant's value examination focuses on studying past and present price action to predict the probability of Tennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tennant's price. Additionally, you may evaluate how the addition of Tennant to your portfolios can decrease your overall portfolio volatility.
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