Tenaris Sa Adr Stock Market Value
| TS Stock | USD 32.25 0.03 0.09% |
| Symbol | Tenaris |
Tenaris SA ADR 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 Tenaris SA. If investors know Tenaris 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 Tenaris SA 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 (0.34) | Dividend Share 0.6 | Earnings Share 6 | Revenue Per Share 12.073 | Quarterly Revenue Growth (0.17) |
The market value of Tenaris SA ADR is measured differently than its book value, which is the value of Tenaris that is recorded on the company's balance sheet. Investors also form their own opinion of Tenaris SA's value that differs from its market value or its book value, called intrinsic value, which is Tenaris SA'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 Tenaris SA's market value can be influenced by many factors that don't directly affect Tenaris SA'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 Tenaris SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenaris SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenaris SA'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.
Tenaris SA '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 Tenaris SA'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 Tenaris SA.
| 06/16/2022 |
| 06/05/2024 |
If you would invest 0.00 in Tenaris SA on June 16, 2022 and sell it all today you would earn a total of 0.00 from holding Tenaris SA ADR or generate 0.0% return on investment in Tenaris SA over 720 days. Tenaris SA is related to or competes with TechnipFMC PLC, Now, ChampionX, Baker Hughes, Oceaneering International, RPC, and Bristow. Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products and provides... More
Tenaris SA 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 Tenaris SA'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 Tenaris SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.08 |
Tenaris SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tenaris SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tenaris SA's standard deviation. In reality, there are many statistical measures that can use Tenaris SA historical prices to predict the future Tenaris SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tenaris SA'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.
Tenaris SA ADR Backtested Returns
Tenaris SA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Tenaris SA ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tenaris SA's Risk Adjusted Performance of (0.03), variance of 2.65, and Coefficient Of Variation of (1,637) to confirm the risk estimate we provide. The entity has a beta of 0.91, which indicates possible diversification benefits within a given portfolio. Tenaris SA returns are very sensitive to returns on the market. As the market goes up or down, Tenaris SA is expected to follow. At this point, Tenaris SA ADR has a negative expected return of -0.21%. Please make sure to validate Tenaris SA's jensen alpha and daily balance of power , to decide if Tenaris SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Tenaris SA ADR has very weak predictability. Overlapping area represents the amount of predictability between Tenaris SA time series from 16th of June 2022 to 11th of June 2023 and 11th of June 2023 to 5th of June 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 Tenaris SA ADR price movement. The serial correlation of 0.18 indicates that over 18.0% of current Tenaris SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 7.55 |
Tenaris SA ADR lagged returns against current returns
Autocorrelation, which is Tenaris SA 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 Tenaris SA's stock expected returns. We can calculate the autocorrelation of Tenaris SA returns to help us make a trade decision. For example, suppose you find that Tenaris SA 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 |
Tenaris SA 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 Tenaris SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenaris SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenaris SA stock over time.
Current vs Lagged Prices |
| Timeline |
Tenaris SA Lagged Returns
When evaluating Tenaris SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tenaris SA stock have on its future price. Tenaris SA 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, Tenaris SA autocorrelation shows the relationship between Tenaris SA stock current value and its past values and can show if there is a momentum factor associated with investing in Tenaris SA ADR.
Regressed Prices |
| Timeline |
Pair Trading with Tenaris SA
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 Tenaris SA 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 Tenaris SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Tenaris Stock
Moving against Tenaris Stock
| 0.74 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
| 0.64 | VTOL | Bristow Group | PairCorr |
| 0.53 | DWSN | Dawson Geophysical | PairCorr |
The ability to find closely correlated positions to Tenaris SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaris SA 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 Tenaris SA - 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 Tenaris SA ADR to buy it.
The correlation of Tenaris SA 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 Tenaris SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaris SA ADR 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 Tenaris SA 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.Additional Tools for Tenaris Stock Analysis
When running Tenaris SA's price analysis, check to measure Tenaris SA'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 Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.