Tredegar Stock Market Value
| TG Stock | USD 5.35 0.73 12.01% |
| Symbol | Tredegar |
Tredegar Price To Book Ratio
Is Tredegar's industry 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 Tredegar. If investors know Tredegar 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 Tredegar 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 (0.83) | Dividend Share 0.13 | Earnings Share (2.97) | Revenue Per Share 20.135 | Quarterly Revenue Growth (0.08) |
The market value of Tredegar is measured differently than its book value, which is the value of Tredegar that is recorded on the company's balance sheet. Investors also form their own opinion of Tredegar's value that differs from its market value or its book value, called intrinsic value, which is Tredegar'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 Tredegar's market value can be influenced by many factors that don't directly affect Tredegar'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 Tredegar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tredegar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tredegar'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.
Tredegar '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 Tredegar'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 Tredegar.
| 02/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Tredegar on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tredegar or generate 0.0% return on investment in Tredegar over 90 days. Tredegar is related to or competes with Northwest Pipe, Insteel Industries, Ryerson Holding, Haynes International, ESAB Corp, Mayville Engineering, and Gulf Island. Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene films, and poly... More
Tredegar 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 Tredegar'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 Tredegar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 32.9 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 6.22 |
Tredegar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tredegar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tredegar's standard deviation. In reality, there are many statistical measures that can use Tredegar historical prices to predict the future Tredegar's volatility.| Risk Adjusted Performance | 0.0551 | |||
| Jensen Alpha | 0.2603 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0792 | |||
| Treynor Ratio | 0.3703 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tredegar'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.
Tredegar Backtested Returns
Tredegar appears to be slightly risky, given 3 months investment horizon. Tredegar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Tredegar's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review Tredegar's Risk Adjusted Performance of 0.0551, coefficient of variation of 1261.67, and Semi Deviation of 2.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tredegar holds a performance score of 10. The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. Tredegar returns are very sensitive to returns on the market. As the market goes up or down, Tredegar is expected to follow. Please check Tredegar's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Tredegar's existing price patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Tredegar has poor reverse predictability. Overlapping area represents the amount of predictability between Tredegar time series from 17th of February 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of May 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 Tredegar price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Tredegar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tredegar lagged returns against current returns
Autocorrelation, which is Tredegar 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 Tredegar's stock expected returns. We can calculate the autocorrelation of Tredegar returns to help us make a trade decision. For example, suppose you find that Tredegar 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 |
Tredegar 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 Tredegar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tredegar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tredegar stock over time.
Current vs Lagged Prices |
| Timeline |
Tredegar Lagged Returns
When evaluating Tredegar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tredegar stock have on its future price. Tredegar 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, Tredegar autocorrelation shows the relationship between Tredegar stock current value and its past values and can show if there is a momentum factor associated with investing in Tredegar.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tredegar is a strong investment it is important to analyze Tredegar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tredegar's future performance. For an informed investment choice regarding Tredegar Stock, refer to the following important reports:Check out Tredegar Correlation, Tredegar Volatility and Tredegar Alpha and Beta module to complement your research on Tredegar. For more detail on how to invest in Tredegar Stock please use our How to Invest in Tredegar guide.Note that the Tredegar information on this page should be used as a complementary analysis to other Tredegar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Tredegar Stock analysis
When running Tredegar's price analysis, check to measure Tredegar'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 Tredegar is operating at the current time. Most of Tredegar's value examination focuses on studying past and present price action to predict the probability of Tredegar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tredegar's price. Additionally, you may evaluate how the addition of Tredegar to your portfolios can decrease your overall portfolio volatility.
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Tredegar 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.