Tenaz Enterprise Value Multiple from 2010 to 2024
| TNZ Stock | 13.76 0.10 0.73% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter 2.27582555 | Current Value 4.25 | Quarterly Volatility 24.1479253 |
Check Tenaz Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tenaz Energy's main balance sheet or income statement drivers, such as Other Operating Expenses of 68.4 M, Ebitda of 3.7 M or Total Operating Expenses of 42.4 M, as well as many indicators such as Price To Sales Ratio of 1.58, Dividend Yield of 0.0 or PTB Ratio of 0.77. Tenaz financial statements analysis is a perfect complement when working with Tenaz Energy Valuation or Volatility modules.
Tenaz | Enterprise Value Multiple |
Pair Trading with Tenaz Energy
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 Tenaz Energy 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 Tenaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tenaz Stock
Moving against Tenaz Stock
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The ability to find closely correlated positions to Tenaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaz Energy 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 Tenaz Energy - 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 Tenaz Energy Corp to buy it.
The correlation of Tenaz Energy 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 Tenaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaz Energy Corp 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 Tenaz Energy 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.Other Information on Investing in Tenaz Stock
Tenaz Energy financial ratios help investors to determine whether Tenaz 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 Tenaz with respect to the benefits of owning Tenaz Energy security.