Tenaris SA (Germany) Market Value
| TW1 Stock | EUR 36.20 0.80 2.26% |
| 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 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Tenaris SA on December 12, 2022 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 720 days. Tenaris SA is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, Talanx AG, and Identiv. Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products and provides relat... 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.208 | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.37 |
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 | 0.2259 | |||
| Jensen Alpha | 0.4408 | |||
| Total Risk Alpha | 0.198 | |||
| Sortino Ratio | 0.2467 | |||
| Treynor Ratio | 1.43 |
Tenaris SA Backtested Returns
Tenaris SA appears to be very steady, given 3 months investment horizon. Tenaris SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% 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 Semi Deviation of 0.7314, coefficient of variation of 346.93, and Risk Adjusted Performance of 0.2259 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 23. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tenaris SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tenaris SA is expected to be smaller as well. Please check Tenaris SA's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Tenaris SA's existing price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Tenaris SA has weak reverse predictability. Overlapping area represents the amount of predictability between Tenaris SA time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 -0.24 indicates that over 24.0% of current Tenaris SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 9.13 |
Tenaris SA 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tenaris Stock
Tenaris SA financial ratios help investors to determine whether Tenaris Stock 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.