TransAtlantic Petroleum Correlations
| TNPDelisted Stock | USD 29.28 0.26 0.88% |
The current 90-days correlation between TransAtlantic Petroleum and Teekay is 0.18 (i.e., Average diversification). The correlation of TransAtlantic Petroleum 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
TransAtlantic Petroleum Correlation With Market
Good diversification
The correlation between TransAtlantic Petroleum and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TransAtlantic Petroleum and DJI in the same portfolio, assuming nothing else is changed.
TransAtlantic |
The ability to find closely correlated positions to TransAtlantic Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAtlantic Petroleum 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 TransAtlantic Petroleum - 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 TransAtlantic Petroleum to buy it.
Moving together with TransAtlantic Stock
| 0.78 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.66 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.75 | ENS | E Split Corp | PairCorr |
Moving against TransAtlantic Stock
Related Correlations Analysis
| 0.79 | -0.31 | 0.81 | 0.77 | TK | ||
| 0.79 | -0.58 | 0.74 | 0.93 | TNK | ||
| -0.31 | -0.58 | -0.08 | -0.56 | OSG | ||
| 0.81 | 0.74 | -0.08 | 0.81 | DHT | ||
| 0.77 | 0.93 | -0.56 | 0.81 | FRO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TransAtlantic Stock performing well and TransAtlantic Petroleum 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 TransAtlantic Petroleum'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TK | 1.73 | (0.05) | (0.04) | 0.04 | 2.04 | 3.23 | 15.63 | |||
| TNK | 1.50 | (0.50) | 0.00 | (0.47) | 0.00 | 2.41 | 11.22 | |||
| OSG | 1.25 | 0.46 | 0.29 | 6.16 | 0.41 | 3.47 | 23.21 | |||
| DHT | 1.69 | (0.10) | (0.06) | (0.01) | 2.17 | 3.87 | 9.54 | |||
| FRO | 1.99 | (0.29) | 0.00 | (0.48) | 0.00 | 4.15 | 12.09 |
Delisting Warning - TNP
TransAtlantic Petroleum was delisted
| The entity TransAtlantic Petroleum with a symbol TNP was delisted from Toronto Exchange. Please try Tsakos Energy Navigation with a symbol TEN from now on. Check all delisted instruments accross multiple markets. |
TransAtlantic Petroleum Corporate Executives
Elected by the shareholders, the TransAtlantic Petroleum's board of directors comprises two types of representatives: TransAtlantic Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TransAtlantic. The board's role is to monitor TransAtlantic Petroleum's management team and ensure that shareholders' interests are well served. TransAtlantic Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TransAtlantic Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Durham | CFO, Chief Accounting Officer and Member of Operational and Financial Risk Committee | Profile |
Still Interested in TransAtlantic Petroleum?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.