Tectona is trading at 528.00 as of the 15th of December 2024, a 12.29% up since the beginning of the trading day. The stock's open price was 470.2. Tectona has hardly any chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Tectona has reported 5 for 1 split on 22nd of September 2024. The performance scores are derived for the period starting the 15th of November 2024 and ending today, the 15th of December 2024. Click here to learn more.
Although Tectona's alpha and beta are two of the key measurements used to evaluate Tectona's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tectona stock to make a market-neutral strategy. Peer analysis of Tectona could also be used in its relative valuation, which is a method of valuing Tectona by comparing valuation metrics with similar companies.