Tetra Tech Stock Pattern Recognition Identical Three Crows
| TTEK Stock | USD 41.47 0.17 0.41% |
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Recognition |
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was twelve with a total number of output elements of fourty-nine. The function did not return any valid pattern recognition events for the selected time horizon. The Identical Three Crows pattern describes Tetra Tech trend with bearish reversal signal.
Tetra Tech Technical Analysis Modules
Most technical analysis of Tetra Tech help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tetra from various momentum indicators to cycle indicators. When you analyze Tetra charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Tetra Tech Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tetra Tech. We use our internally-developed statistical techniques to arrive at the intrinsic value of Tetra Tech based on widely used predictive technical indicators. In general, we focus on analyzing Tetra Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Tetra Tech's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Tetra Tech's intrinsic value. In addition to deriving basic predictive indicators for Tetra Tech, we also check how macroeconomic factors affect Tetra Tech price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2017 | 2023 | 2024 (projected) | Dividend Yield | 0.006468 | 0.004666 | 0.006456 | Price To Sales Ratio | 1.78 | 2.43 | 1.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tetra Tech'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.
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Tetra Tech pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tetra Tech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tetra Tech will appreciate offsetting losses from the drop in the long position's value.Tetra Tech Pair Trading
Tetra Tech Pair Trading Analysis
The ability to find closely correlated positions to Tetra Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tetra Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tetra Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tetra Tech to buy it.
The correlation of Tetra Tech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tetra Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tetra Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tetra Tech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Environmental & Facilities 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 Tetra Tech. If investors know Tetra 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 Tetra Tech 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 0.749 | Earnings Share 1.23 | Revenue Per Share 15.861 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0765 |
The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech'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 Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech'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 Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech'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.