Tourmaline Net Income From Continuing Ops from 2010 to 2026
| TOU Stock | CAD 59.04 0.06 0.10% |
Net Income From Continuing Ops | First Reported 2016-12-31 | Previous Quarter 212.7 M | Current Value 514.6 M | Quarterly Volatility 399 M |
Check Tourmaline Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tourmaline Oil's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 B, Interest Expense of 98.2 M or Selling General Administrative of 192.6 M, as well as many indicators such as Price To Sales Ratio of 10.2, Dividend Yield of 0.0456 or PTB Ratio of 1.54. Tourmaline financial statements analysis is a perfect complement when working with Tourmaline Oil Valuation or Volatility modules.
Tourmaline | Net Income From Continuing Ops |
Latest Tourmaline Oil's Net Income From Continuing Ops Growth Pattern
Below is the plot of the Net Income From Continuing Ops of Tourmaline Oil Corp over the last few years. It is Tourmaline Oil's Net Income From Continuing Ops historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tourmaline Oil's overall financial position and show how it may be relating to other accounts over time.
| Net Income From Continuing Ops | 10 Years Trend |
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Net Income From Continuing Ops |
| Timeline |
Tourmaline Net Income From Continuing Ops Regression Statistics
| Arithmetic Mean | 876,102,114 | |
| Coefficient Of Variation | 128.36 | |
| Mean Deviation | 800,517,677 | |
| Median | 401,670,000 | |
| Standard Deviation | 1,124,523,633 | |
| Sample Variance | 1264553.4T | |
| Range | 4.5B | |
| R-Value | 0.60 | |
| Mean Square Error | 866233.8T | |
| R-Squared | 0.36 | |
| Significance | 0.01 | |
| Slope | 133,204,721 | |
| Total Sum of Squares | 20232854.4T |
Tourmaline Net Income From Continuing Ops History
About Tourmaline Oil Financial Statements
Tourmaline Oil investors utilize fundamental indicators, such as Net Income From Continuing Ops, to predict how Tourmaline Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 1.5 B | 1.1 B |
Pair Trading with Tourmaline Oil
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 Tourmaline Oil 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 Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Tourmaline Stock
Moving against Tourmaline Stock
| 0.54 | NXR-UN | Nexus Real Estate | PairCorr |
| 0.5 | ADEN | ADENTRA | PairCorr |
| 0.43 | GSTM | Goldstorm Metals Corp | PairCorr |
| 0.35 | VYC-H | Vanity Capital | PairCorr |
| 0.32 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil 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 Tourmaline Oil - 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 Tourmaline Oil Corp to buy it.
The correlation of Tourmaline Oil 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 Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil 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 Tourmaline Oil 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 Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline 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 Tourmaline with respect to the benefits of owning Tourmaline Oil security.