True Competitors

Pink Sheets . USA . 
Stock . True North Energy
TNEN Stock  USD 0.0001  0.00  0.00%   
True North Energy competes with Saturn Oil, Sintana Energy, and Journey Energy; as well as few others. The company conducts business under Energy sector and is part of Oil & Gas E&P industry. Analyzing True North competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of True North to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out True North Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of True North competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of True North'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.
Hype
Prediction
LowEstimatedHigh
0.000.00010.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.0000840.00
Details

True North Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between True North and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of True and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of True North Energy does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
CPPXF
+ 1.0
BPIGF
FTXP
+ 1.0
BPIGF
FTXP
+ 1.0
CPPXF
APHE
+ 0.77
OILSF
OILSF
+ 0.45
BRLL
APHE
+ 0.36
BRLL
  
High negative correlations   
CLMEF
- 0.72
BRLL
OILSF
- 0.6
IPRC
CLMEF
- 0.54
OILSF
CLMEF
- 0.35
APHE
APHE
- 0.3
IPRC
BRLL
- 0.16
IPRC

Risk-Adjusted Indicators

There is a big difference between True Pink Sheet performing well and True North Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze True North's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SPRL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BPIGF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
CPPXF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
IPRC  8.85  2.04  0.00 (7.39) 0.00 
 0.00 
 50.00 
(33.33)
 150.00 
CYPE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRLL  12.41  0.19  0.00 (0.47) 14.81 
(15.92)
 30.00 
(25.81)
 70.81 
OILSF  1.60 (0.13) 0.00 (0.90) 0.00 
 0.00 
 3.07 
(3.23)
 9.17 
APHE  4.29 (1.05) 0.00 (0.24) 0.00 
 0.00 
 13.84 
(15.54)
 61.26 
FTXP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
CLMEF  0.75  0.37  0.00 (7.11) 0.00 
 0.00 
 0.00 
 0.00 
 25.00 
All Fundamental Data

True North Competitive Analysis

The better you understand True North competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, True North's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across True North's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
TNEN BPIGF CPPXF IPRC BRLL OILSF APHE CLMEF IVCTF SEUSF
 0.00 
 0.0001 
True
 0.00 
 0.0001 
BPI
 0.00 
 0.0001 
Continental
 0.00 
 0.0002 
Imperial
 4.17 
 0 
Barrel
 0.65 
 1.53 
Saturn
 12.28 
 2.50 
Alpha
 0.00 
 0.01 
Calima
 9.48 
 0.04 
Invictus
 14.86 
 0.85 
Sintana
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Out of control
Out of control
Risky
Very steady
Out of control
Out of control
Abnormally volatile
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
OK
Very Weak
Very Weak
Very Weak
OK
Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Below Average
Dangerous
Dangerous
Below Average
About Average
Quite High
Dangerous
Low
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Not Rated
Not Rated
Strong Sell
Strong Sell
Strong Sell
Not Rated
Strong Sell
Strong Sell
Strong Sell
Current Ratio
0.21
0.09
0.04
0.14
N/A
0.56
0.28
0.58
3.3
0.85
Net Asset
21.05 K
27.09 M
92.31 K
2.23 M
3.8 M
221.11 M
169.76 K
153.33 M
43.13 M
54.94 K
Profit Margin
-1.3
N/A
N/A
N/A
N/A
0.29
N/A
-0.34
N/A
N/A
EBITDA
164.66 K
(12.94 M)
(341.43 K)
(21.45 K)
(2.58 M)
(40.28 M)
(932.61 K)
(23.81 M)
(3.47 M)
(1.65 M)
Operating Margin
-0.45
-6.73
N/A
-5.51
N/A
0.39
-9.76
-0.25
N/A
N/A
Current Valuation
912.45 K
11.81 M
669.37 K
100 K
28.05 M
290.8 M
142.25 M
55 M
169.07 M
18.67 M
Price To Book
1.46
N/A
N/A
N/A
38.53
0.94
N/A
0.68
7.3
2.55
Retained Earnings
(27.79 M)
(53.96 M)
(27 M)
(2.17 M)
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
24 K
2.21 M
N/A
82 K
N/A
N/A
N/A
N/A
N/A
N/A
Beta
1.84
39.12
2.01
0.6
-7.56
1.6
-0.5
2.1
1.97
2.62
Number Of Employees
2
6
5
6
2
68
1
8
2
6
Shares Outstanding
N/A
N/A
174.72 M
43.48 M
312.7 M
59.84 M
21.61 M
611.75 M
888.18 M
269.8 M
Cash Flow From Operations
(31.46 K)
N/A
(171.79 K)
(223.98 K)
(140.55 K)
(1.28 M)
(356.89 K)
16.52 M
(1.62 M)
(344.78 K)
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.0219
N/A
N/A
Total Debt
3.34 M
N/A
152.48 K
1.16 M
4.29 M
58.56 M
157.23 K
4.27 M
492.1 K
106.19 K
Return On Equity
-1.37
-0.71
N/A
-4.77
N/A
1.2
N/A
-0.23
-0.13
-1.83
Z Score
N/A
-1.4
N/A
N/A
1.8
0.6
N/A
9.0
N/A
49.2
Return On Asset
-0.0782
-0.26
-1.21
-0.16
-0.39
0.16
-0.77
-0.0758
-0.0866
-0.26
Book Value Per Share
5.66
0.19
-0.005
-0.002
-0.006
2.59
-0.05
0.2
0.05
0.043
Number Of Shares Shorted
N/A
9
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Liabilities
3.53 M
12.98 M
1000 K
568 K
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
21.05 K
27.09 M
92.31 K
2.23 M
3.8 M
221.11 M
169.76 K
153.33 M
43.13 M
54.94 K
Debt To Equity
4.11
0.85
N/A
N/A
67.7
N/A
N/A
0.034
0.012
0.009
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
6.75
N/A
0.7
N/A
0.24
Market Capitalization
823.43 K
146.97 K
17.47 K
213.03 K
15.82 M
110.7 M
145.88 M
64.85 M
84.01 M
26.28 M
Price To Earning
N/A
N/A
N/A
-0.14
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.45
0.0723
N/A
0.2
N/A
0.38
964.78
0.67
130014.0
N/A
Net Income
154.96 K
(14.83 M)
(355.12 K)
(620.01 K)
(2.75 M)
(65.06 M)
(1.07 M)
(31.98 M)
(3.64 M)
(1.66 M)
Earnings Per Share
-16.94
-0.21
-0.002
-0.009
-0.17
1.53
-0.058
-0.058
-0.004
N/A
Shares Owned By Insiders
N/A
N/A
21.56
N/A
5.27
1.84
81.12
9.85
19.99
35.33
Revenue
151
2.03 M
N/A
85.92 K
N/A
116.21 M
3.84 K
38.58 M
1.41 K
N/A
Working Capital
(3.51 M)
(10.78 M)
(1000 K)
(486 K)
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
163.91 K
126 K
11.88 K
44.07 K
7
27.46 M
1.09 M
2.68 M
13.72 M
4.62 M
Cash Per Share
1.11
N/A
N/A
N/A
N/A
0.46
0.06
N/A
0.02
0.02
Gross Profit
692.31 K
620 K
N/A
66.92 K
N/A
56.03 M
(11.81 K)
25.8 M
1.41 K
N/A
Day Typical Price
1.0E-4
1.0E-4
1.0E-4
2.0E-4
0.0026
1.54
2.62
0.0125
0.042
0.82
Accumulation Distribution
N/A
N/A
N/A
N/A
0.2
0.0129
0.12
N/A
N/A
0.11
Market Facilitation Index
N/A
N/A
N/A
N/A
6.0E-4
0.02
0.35
N/A
N/A
0.09
Daily Balance Of Power
0.0
0.0
0.0
0.0
0.1667
(0.50)
(1.00)
0.0
(9,223,372,036,855)
1.222222
Period Momentum Indicator
N/A
N/A
N/A
N/A
1.0E-4
(0.01)
(0.35)
N/A
(0)
0.11
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.04
0.99
0.88
1.0
0.91
1.15
Day Median Price
1.0E-4
1.0E-4
1.0E-4
2.0E-4
0.0027
1.54
2.68
0.0125
0.042
0.81
Price Action Indicator
N/A
N/A
N/A
N/A
(0.0001)
(0.01)
(0.35)
N/A
(0)
0.1
Coefficient Of Variation
N/A
N/A
N/A
1097.5
10202.6
(1,865)
(1,346)
812.4
12499.47
1456.59
Mean Deviation
N/A
N/A
N/A
8.85
12.41
1.6
4.29
0.7461
4.29
2.95
Jensen Alpha
N/A
N/A
N/A
2.04
0.1863
(0.13)
(1.05)
0.3741
0.242
0.3172
Total Risk Alpha
N/A
N/A
N/A
(1.10)
(2.18)
(0.39)
(2.12)
(0.06)
(0.93)
(0.32)
Sortino Ratio
N/A
N/A
N/A
N/A
0.0027
N/A
N/A
N/A
(0.01)
0.0541
Downside Variance
N/A
N/A
N/A
N/A
356.62
N/A
N/A
N/A
41.01
12.15
Standard Deviation
N/A
N/A
N/A
22.17
16.65
1.95
9.84
3.08
6.93
4.38
Kurtosis
N/A
N/A
N/A
11.71
0.0742
(0.27)
10.92
66.0
3.52
2.84
Potential Upside
N/A
N/A
N/A
50.0
30.0
3.07
13.84
N/A
14.29
10.45
Treynor Ratio
N/A
N/A
N/A
(7.39)
(0.47)
(0.90)
(0.24)
(7.11)
(0.02)
(1.11)
Maximum Drawdown
N/A
N/A
N/A
150.0
70.81
9.17
61.26
25.0
36.85
19.41
Variance
N/A
N/A
N/A
491.58
277.38
3.81
96.92
9.47
48.04
19.16
Market Risk Adjusted Performance
N/A
N/A
N/A
(7.38)
(0.46)
(0.89)
(0.23)
(7.10)
(0.01)
(1.10)
Risk Adjusted Performance
N/A
N/A
N/A
0.0759
0.0167
(0.03)
(0.04)
0.0971
0.0148
0.0582
Skewness
N/A
N/A
N/A
2.52
0.2065
(0.24)
0.065
8.12
1.27
1.56
Semi Deviation
N/A
N/A
N/A
N/A
14.81
N/A
N/A
N/A
5.01
2.65
Information Ratio
N/A
N/A
N/A
0.0861
0.0031
(0.11)
(0.09)
0.0868
(0.01)
0.0431
Value At Risk
N/A
N/A
N/A
(33.33)
(25.81)
(3.23)
(15.54)
N/A
(9.86)
(5.13)
Expected Short fall
N/A
N/A
N/A
N/A
(15.92)
N/A
N/A
N/A
(6.80)
(4.72)
Downside Deviation
N/A
N/A
N/A
N/A
18.88
N/A
N/A
N/A
6.4
3.49
Semi Variance
N/A
N/A
N/A
N/A
219.29
N/A
N/A
N/A
25.11
7.04

True North Competition Performance Charts

Five steps to successful analysis of True North Competition

True North's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by True North Energy in relation to its competition. True North's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of True North in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact True North's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to True North Energy, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your True North position

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Chemicals
Chemicals Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Chemicals theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Chemicals Theme or any other thematic opportunities.
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Other Information on Investing in True Pink Sheet

True North financial ratios help investors to determine whether True 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 True with respect to the benefits of owning True North security.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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