Teledyne Technologies Incorporated Stock Market Value
| TDY Stock | USD 485.26 0.42 0.09% |
| Symbol | Teledyne |
Teledyne Technologies Price To Book Ratio
Is Aerospace & Defense 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 Teledyne Technologies. If investors know Teledyne 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 Teledyne Technologies 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 0.335 | Earnings Share 19.77 | Revenue Per Share 118.552 | Quarterly Revenue Growth 0.029 | Return On Assets 0.045 |
The market value of Teledyne Technologies is measured differently than its book value, which is the value of Teledyne that is recorded on the company's balance sheet. Investors also form their own opinion of Teledyne Technologies' value that differs from its market value or its book value, called intrinsic value, which is Teledyne Technologies' 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 Teledyne Technologies' market value can be influenced by many factors that don't directly affect Teledyne Technologies' 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 Teledyne Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teledyne Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teledyne Technologies' 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.
Teledyne Technologies '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 Teledyne Technologies' 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 Teledyne Technologies.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in Teledyne Technologies on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding Teledyne Technologies Incorporated or generate 0.0% return on investment in Teledyne Technologies over 90 days. Teledyne Technologies is related to or competes with Vontier Corp, ESCO Technologies, MKS Instruments, Sensata Technologies, Fortive Corp, Cognex, and Novanta. Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Ca... More
Teledyne Technologies 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 Teledyne Technologies' 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 Teledyne Technologies Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0517 | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 2.31 |
Teledyne Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teledyne Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teledyne Technologies' standard deviation. In reality, there are many statistical measures that can use Teledyne Technologies historical prices to predict the future Teledyne Technologies' volatility.| Risk Adjusted Performance | 0.1205 | |||
| Jensen Alpha | 0.0901 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0682 | |||
| Treynor Ratio | 0.2335 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teledyne Technologies' 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.
Teledyne Technologies Backtested Returns
Teledyne Technologies appears to be very steady, given 3 months investment horizon. Teledyne Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Teledyne Technologies Incorporated, which you can use to evaluate the volatility of the company. Please review Teledyne Technologies' Semi Deviation of 0.8446, risk adjusted performance of 0.1205, and Coefficient Of Variation of 658.77 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Teledyne Technologies holds a performance score of 14. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. Teledyne Technologies returns are very sensitive to returns on the market. As the market goes up or down, Teledyne Technologies is expected to follow. Please check Teledyne Technologies' value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Teledyne Technologies' existing price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Teledyne Technologies Incorporated has good predictability. Overlapping area represents the amount of predictability between Teledyne Technologies time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 Teledyne Technologies price movement. The serial correlation of 0.67 indicates that around 67.0% of current Teledyne Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 185.78 |
Teledyne Technologies lagged returns against current returns
Autocorrelation, which is Teledyne Technologies 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 Teledyne Technologies' stock expected returns. We can calculate the autocorrelation of Teledyne Technologies returns to help us make a trade decision. For example, suppose you find that Teledyne Technologies 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 |
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Teledyne Technologies 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 Teledyne Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teledyne Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teledyne Technologies stock over time.
Current vs Lagged Prices |
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Teledyne Technologies Lagged Returns
When evaluating Teledyne Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teledyne Technologies stock have on its future price. Teledyne Technologies 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, Teledyne Technologies autocorrelation shows the relationship between Teledyne Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Teledyne Technologies Incorporated.
Regressed Prices |
| Timeline |
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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.Additional Tools for Teledyne Stock Analysis
When running Teledyne Technologies' price analysis, check to measure Teledyne Technologies' 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 Teledyne Technologies is operating at the current time. Most of Teledyne Technologies' value examination focuses on studying past and present price action to predict the probability of Teledyne Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teledyne Technologies' price. Additionally, you may evaluate how the addition of Teledyne Technologies to your portfolios can decrease your overall portfolio volatility.