Tenaris Sa Adr Stock Market Value
| TS Stock | USD 38.09 0.48 1.28% |
| 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 (0.11) | Dividend Share 0.67 | Earnings Share 4.6 | Revenue Per Share 11.425 | Quarterly Revenue Growth (0.10) |
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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Tenaris SA on December 9, 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.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.1842 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.46 |
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 | 0.2044 | |||
| Jensen Alpha | 0.2835 | |||
| Total Risk Alpha | 0.1662 | |||
| Sortino Ratio | 0.2292 | |||
| Treynor Ratio | 0.3433 |
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 appears to be very steady, given 3 months investment horizon. Tenaris SA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tenaris SA ADR, which you can use to evaluate the volatility of the company. Please review Tenaris SA's Semi Deviation of 0.8089, risk adjusted performance of 0.2044, and Coefficient Of Variation of 384.4 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 20. The entity has a beta of 1.27, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tenaris SA will likely underperform. Please check Tenaris SA's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Tenaris SA's existing price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Tenaris SA ADR has poor reverse predictability. Overlapping area represents the amount of predictability between Tenaris SA time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 ADR price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tenaris SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 8.84 |
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 |
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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.