Tetra Technologies Stock Market Value
| TTI Stock | USD 3.85 0.02 0.52% |
| Symbol | Tetra |
Tetra Technologies Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Tetra Technologies. If investors know Tetra 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 Tetra 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 (0.58) | Earnings Share 0.06 | Revenue Per Share 4.721 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0587 |
The market value of Tetra Technologies is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tetra 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 Tetra Technologies' market value can be influenced by many factors that don't directly affect Tetra 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 Tetra Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra 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.
Tetra 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 Tetra 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 Tetra Technologies.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tetra Technologies on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tetra Technologies or generate 0.0% return on investment in Tetra Technologies over 30 days. Tetra Technologies is related to or competes with MRC Global, Oil States, Ranger Energy, Oceaneering International, ChampionX, TechnipFMC PLC, and Helix Energy. TETRA Technologies, Inc., together with its subsidiaries, operates as a diversified oil and gas services company More
Tetra 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 Tetra 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 Tetra Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 30.17 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 6.0 |
Tetra Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tetra Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tetra Technologies' standard deviation. In reality, there are many statistical measures that can use Tetra Technologies historical prices to predict the future Tetra Technologies' volatility.| Risk Adjusted Performance | 0.0843 | |||
| Jensen Alpha | 0.2239 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0878 | |||
| Treynor Ratio | 0.2721 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tetra 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.
Tetra Technologies Backtested Returns
Tetra Technologies appears to be relatively risky, given 3 months investment horizon. Tetra Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tetra Technologies, which you can use to evaluate the volatility of the company. Please review Tetra Technologies' Semi Deviation of 2.99, risk adjusted performance of 0.0843, and Coefficient Of Variation of 1004.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tetra Technologies holds a performance score of 8. The entity has a beta of 1.55, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tetra Technologies will likely underperform. Please check Tetra Technologies' downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Tetra Technologies' existing price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Tetra Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tetra Technologies time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Tetra Technologies price movement. The serial correlation of -0.17 indicates that over 17.0% of current Tetra Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tetra Technologies lagged returns against current returns
Autocorrelation, which is Tetra 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 Tetra Technologies' stock expected returns. We can calculate the autocorrelation of Tetra Technologies returns to help us make a trade decision. For example, suppose you find that Tetra 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 |
| Timeline |
Tetra 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 Tetra Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tetra Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tetra Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Tetra Technologies Lagged Returns
When evaluating Tetra Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tetra Technologies stock have on its future price. Tetra 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, Tetra Technologies autocorrelation shows the relationship between Tetra Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Tetra Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tetra Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tetra Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tetra Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tetra Technologies Stock:Check out Tetra Technologies Correlation, Tetra Technologies Volatility and Tetra Technologies Alpha and Beta module to complement your research on Tetra Technologies. For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Tetra Technologies 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.