Tourmaline Oil Corp Stock Probability of Future Stock Price Finishing Under 58.56
| TOU Stock | CAD 66.08 0.09 0.14% |
Tourmaline |
Tourmaline Oil Target Price Odds to finish below 58.56
The tendency of Tourmaline Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 58.56 or more in 90 days |
| 66.08 | 90 days | 58.56 | about 8.82 |
Based on a normal probability distribution, the odds of Tourmaline Oil to drop to C$ 58.56 or more in 90 days from now is about 8.82 (This Tourmaline Oil Corp probability density function shows the probability of Tourmaline Stock to fall within a particular range of prices over 90 days) . Probability of Tourmaline Oil Corp price to stay between C$ 58.56 and its current price of C$66.08 at the end of the 90-day period is about 82.83 .
Assuming the 90 days trading horizon Tourmaline Oil Corp has a beta of -0.18. This usually implies as returns on the benchmark increase, returns on holding Tourmaline Oil are expected to decrease at a much lower rate. During a bear market, however, Tourmaline Oil Corp is likely to outperform the market. Additionally Tourmaline Oil Corp has an alpha of 0.1323, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tourmaline Oil Price Density |
| Price |
Predictive Modules for Tourmaline Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tourmaline Oil Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Tourmaline Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tourmaline Oil is not an exception. The market had few large corrections towards the Tourmaline Oil's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Tourmaline Oil Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tourmaline Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 2.75 | |
Ir | Information ratio | -0.0026 |
Tourmaline Oil Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Tourmaline Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tourmaline Oil Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tourmaline Oil Corp is unlikely to experience financial distress in the next 2 years | |
| Tourmaline Oil Corp has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Tourmaline Oil Corp has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tourmaline Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Tourmaline Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tourmaline Oil Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tourmaline to invest in growth at high rates of return. When we think about Tourmaline Oil's use of debt, we should always consider it together with cash and equity. |
Tourmaline Oil Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Tourmaline Stock often depends not only on the future outlook of the current and potential Tourmaline Oil's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Tourmaline Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 345.4 M |
Tourmaline Oil Technical Analysis
Tourmaline Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Tourmaline Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tourmaline Oil Corp. In general, you should focus on analyzing Tourmaline Stock price patterns and their correlations with different microeconomic environments and drivers.
Tourmaline Oil Predictive Forecast Models
Tourmaline Oil's time-series forecasting models is one of many Tourmaline Oil's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Tourmaline Oil's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Tourmaline Oil Corp
Checking the ongoing alerts about Tourmaline Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tourmaline Oil Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tourmaline Oil Corp is unlikely to experience financial distress in the next 2 years | |
| Tourmaline Oil Corp has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Tourmaline Oil Corp has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tourmaline Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Tourmaline Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tourmaline Oil Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tourmaline to invest in growth at high rates of return. When we think about Tourmaline Oil's use of debt, we should always consider it together with cash and equity. |
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.