Tsakos Energy Navigation Stock Market Value
| TEN Stock | USD 18.17 0.47 2.52% |
| Symbol | Tsakos |
Tsakos Energy Navigation Price To Book Ratio
Is Oil & Gas Storage & 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 Tsakos Energy. If investors know Tsakos 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 Tsakos Energy 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 0.43 | Earnings Share 5.66 | Revenue Per Share 27.878 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0456 |
The market value of Tsakos Energy Navigation is measured differently than its book value, which is the value of Tsakos that is recorded on the company's balance sheet. Investors also form their own opinion of Tsakos Energy's value that differs from its market value or its book value, called intrinsic value, which is Tsakos Energy'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 Tsakos Energy's market value can be influenced by many factors that don't directly affect Tsakos Energy'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 Tsakos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsakos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsakos Energy'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.
Tsakos Energy '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 Tsakos Energy's 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 Tsakos Energy.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tsakos Energy on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tsakos Energy Navigation or generate 0.0% return on investment in Tsakos Energy over 180 days. Tsakos Energy is related to or competes with Tandem Diabetes, Avadel Pharmaceuticals, Vodka Brands, Viemed Healthcare, Cumberland Pharmaceuticals, Teleflex Incorporated, and Alvotech. Tenneco Inc. designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commerci... More
Tsakos Energy 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 Tsakos Energy's 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 Tsakos Energy Navigation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 12.76 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 2.8 |
Tsakos Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsakos Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsakos Energy's standard deviation. In reality, there are many statistical measures that can use Tsakos Energy historical prices to predict the future Tsakos Energy's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tsakos Energy's 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.
Tsakos Energy Navigation Backtested Returns
Tsakos Energy Navigation 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. Tsakos Energy Navigation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tsakos Energy's Risk Adjusted Performance of (0.14), variance of 4.97, and Coefficient Of Variation of (529.30) to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tsakos Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsakos Energy is expected to be smaller as well. At this point, Tsakos Energy Navigation has a negative expected return of -0.4%. Please make sure to validate Tsakos Energy's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Tsakos Energy Navigation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Tsakos Energy Navigation has good predictability. Overlapping area represents the amount of predictability between Tsakos Energy time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Tsakos Energy Navigation price movement. The serial correlation of 0.7 indicates that around 70.0% of current Tsakos Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 4.98 |
Tsakos Energy Navigation lagged returns against current returns
Autocorrelation, which is Tsakos Energy 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 Tsakos Energy's stock expected returns. We can calculate the autocorrelation of Tsakos Energy returns to help us make a trade decision. For example, suppose you find that Tsakos Energy 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 |
| Timeline |
Tsakos Energy 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 Tsakos Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsakos Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsakos Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Tsakos Energy Lagged Returns
When evaluating Tsakos Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsakos Energy stock have on its future price. Tsakos Energy 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, Tsakos Energy autocorrelation shows the relationship between Tsakos Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Tsakos Energy Navigation.
Regressed Prices |
| Timeline |
Pair Trading with Tsakos Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tsakos Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tsakos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tsakos Stock
Moving against Tsakos Stock
| 0.84 | DTM | DT Midstream | PairCorr |
| 0.83 | OKE | ONEOK Inc | PairCorr |
| 0.82 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.81 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | LNG | Cheniere Energy | PairCorr |
The ability to find closely correlated positions to Tsakos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsakos Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tsakos Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tsakos Energy Navigation to buy it.
The correlation of Tsakos Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tsakos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsakos Energy Navigation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tsakos Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Tsakos Energy Correlation, Tsakos Energy Volatility and Tsakos Energy Alpha and Beta module to complement your research on Tsakos Energy. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Tsakos Energy 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.