Tenaris Sa Stock Market Value
| TNRSF Stock | USD 18.76 1.95 11.60% |
| Symbol | Tenaris |
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 pink sheet 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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tenaris SA on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tenaris SA or generate 0.0% return on investment in Tenaris SA over 30 days. Tenaris SA is related to or competes with Geospace Technologies, MRC Global, Oil States, Natural Gas, Enerflex, Core Laboratories, 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 pink sheet 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1733 | |||
| Maximum Drawdown | 12.37 | |||
| Potential Upside | 3.56 |
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 | 0.1891 | |||
| Jensen Alpha | 0.4914 | |||
| Total Risk Alpha | 0.1515 | |||
| Treynor Ratio | (1.94) |
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 Backtested Returns
Tenaris SA appears to be not too volatile, given 3 months investment horizon. Tenaris SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Tenaris SA's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review Tenaris SA's Variance of 3.9, coefficient of variation of 417.9, and Risk Adjusted Performance of 0.1891 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tenaris SA holds a performance score of 19. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tenaris SA are expected to decrease at a much lower rate. During the bear market, Tenaris SA is likely to outperform the market. Please check Tenaris SA's jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to make a quick decision on whether Tenaris SA's existing price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Tenaris SA has good predictability. Overlapping area represents the amount of predictability between Tenaris SA time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 price movement. The serial correlation of 0.7 indicates that around 70.0% of current Tenaris SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Tenaris SA lagged returns against current returns
Autocorrelation, which is Tenaris SA pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenaris SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenaris SA pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tenaris SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tenaris Pink Sheet
Tenaris SA financial ratios help investors to determine whether Tenaris Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tenaris with respect to the benefits of owning Tenaris SA security.