Tennant Company Stock Market Value
| TNC Stock | USD 84.47 1.94 2.35% |
| Symbol | Tennant |
Tennant Company Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Tennant. If investors know Tennant 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 Tennant 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 (0.79) | Dividend Share 1.135 | Earnings Share 4.38 | Revenue Per Share | Quarterly Revenue Growth 0.056 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant'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 Tennant's market value can be influenced by many factors that don't directly affect Tennant'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 Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant'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.
Tennant '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 Tennant'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 Tennant.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tennant on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tennant Company or generate 0.0% return on investment in Tennant over 90 days. Tennant is related to or competes with Franklin Electric, Omega Flex, Luxfer Holdings, Kadant, Taylor Devices, Enpro Industries, and IDEX. Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Amer... More
Tennant 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 Tennant'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 Tennant Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0613 | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.15 |
Tennant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tennant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tennant's standard deviation. In reality, there are many statistical measures that can use Tennant historical prices to predict the future Tennant's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.0794 | |||
| Total Risk Alpha | 0.2059 | |||
| Treynor Ratio | (0.05) |
Tennant Company Backtested Returns
At this point, Tennant is very steady. Tennant Company owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Tennant Company, which you can use to evaluate the volatility of the company. Please validate Tennant's Coefficient Of Variation of (3,849), risk adjusted performance of (0.02), and Variance of 2.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0108%. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Tennant returns are very sensitive to returns on the market. As the market goes up or down, Tennant is expected to follow. Tennant Company right now has a risk of 1.61%. Please validate Tennant skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Tennant will be following its existing price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Tennant Company has good reverse predictability. Overlapping area represents the amount of predictability between Tennant time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tennant Company price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Tennant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.82 |
Tennant Company lagged returns against current returns
Autocorrelation, which is Tennant 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 Tennant's stock expected returns. We can calculate the autocorrelation of Tennant returns to help us make a trade decision. For example, suppose you find that Tennant 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 |
Tennant 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 Tennant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tennant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tennant stock over time.
Current vs Lagged Prices |
| Timeline |
Tennant Lagged Returns
When evaluating Tennant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tennant stock have on its future price. Tennant 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, Tennant autocorrelation shows the relationship between Tennant stock current value and its past values and can show if there is a momentum factor associated with investing in Tennant Company.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant's 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 Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock:Check out Tennant Correlation, Tennant Volatility and Tennant Alpha and Beta module to complement your research on Tennant. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Tennant 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.