Tri Continental Pfd Preferred Stock Current Valuation
| TY-P Preferred Stock | USD 45.45 0.25 0.55% |
Valuation analysis of Tri Continental PFD helps investors to measure Tri Continental's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that Tri Continental's price fluctuation is very steady at this time. Calculation of the real value of Tri Continental PFD is based on 3 months time horizon. Increasing Tri Continental's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Tri Continental's intrinsic value may or may not be the same as its current market price of 45.45, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 45.45 | Real 39.97 | Hype 45.45 |
The intrinsic value of Tri Continental's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Tri Continental's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Tri Continental PFD helps investors to forecast how Tri preferred stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Tri Continental more accurately as focusing exclusively on Tri Continental's fundamentals will not take into account other important factors: Tri Continental PFD Company Current Valuation Analysis
Tri Continental's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Tri Continental PFD has a Current Valuation of 0.0. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all United States preferred stocks average (which is currently at 0.0).
Tri Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tri Continental's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Tri Continental could also be used in its relative valuation, which is a method of valuing Tri Continental by comparing valuation metrics of similar companies.Tri Continental is currently under evaluation in current valuation category among its peers.
Tri Fundamentals
| Market Capitalization | 2.78 B | ||||
| Total Asset | 2.05 B | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 2.05 B | ||||
| Last Dividend Paid | 0.63 |
About Tri Continental Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tri Continental PFD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tri Continental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tri Continental PFD based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Tri Continental
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 Tri Continental 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 Tri Continental will appreciate offsetting losses from the drop in the long position's value.Moving together with Tri Preferred Stock
Moving against Tri Preferred Stock
| 0.77 | INPAP | International Paper | PairCorr |
| 0.74 | BANGN | Emera Maine PFD | PairCorr |
| 0.51 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.43 | SSNLF | Samsung Electronics | PairCorr |
| 0.38 | PTAIF | PT Astra International | PairCorr |
The ability to find closely correlated positions to Tri Continental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tri Continental 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 Tri Continental - 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 Tri Continental PFD to buy it.
The correlation of Tri Continental 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 Tri Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tri Continental PFD 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 Tri Continental 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 Tri Preferred Stock Analysis
When running Tri Continental's price analysis, check to measure Tri Continental'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 Tri Continental is operating at the current time. Most of Tri Continental's value examination focuses on studying past and present price action to predict the probability of Tri Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tri Continental's price. Additionally, you may evaluate how the addition of Tri Continental to your portfolios can decrease your overall portfolio volatility.