Tamboran Resources Stock Forecast - Daily Balance Of Power
| TBN Stock | 17.39 0.61 3.39% |
Tamboran Stock Forecast is based on your current time horizon. Although Tamboran Resources' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Tamboran Resources' systematic risk associated with finding meaningful patterns of Tamboran Resources fundamentals over time.
Tamboran |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 1.0 | (0.07) |
| Check Tamboran Resources Volatility | Backtest Tamboran Resources | Trend Details |
Tamboran Resources Trading Date Momentum
| On November 07 2024 Tamboran Resources was traded for 18.86 at the closing time. Highest Tamboran Resources's price during the trading hours was 19.03 and the lowest price during the day was 18.57 . The net volume was 15.1 K. The overall trading history on the 7th of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.74% . The trading price change to current price is 0.74% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Tamboran Resources to competition |
Other Forecasting Options for Tamboran Resources
For every potential investor in Tamboran, whether a beginner or expert, Tamboran Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tamboran Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tamboran. Basic forecasting techniques help filter out the noise by identifying Tamboran Resources' price trends.Tamboran Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tamboran Resources stock to make a market-neutral strategy. Peer analysis of Tamboran Resources could also be used in its relative valuation, which is a method of valuing Tamboran Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tamboran Resources Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Tamboran Resources' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Tamboran Resources' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Tamboran Resources Market Strength Events
Market strength indicators help investors to evaluate how Tamboran Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tamboran Resources shares will generate the highest return on investment. By undertsting and applying Tamboran Resources stock market strength indicators, traders can identify Tamboran Resources entry and exit signals to maximize returns.
Tamboran Resources Risk Indicators
The analysis of Tamboran Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Tamboran Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tamboran stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.74 | |||
| Standard Deviation | 2.35 | |||
| Variance | 5.54 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Tamboran Resources
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 Tamboran Resources 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 Tamboran Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Tamboran Stock
| 0.67 | VIST | Vista Oil Gas | PairCorr |
| 0.66 | DMLP | Dorchester Minerals | PairCorr |
| 0.57 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.5 | PR | Permian Resources | PairCorr |
| 0.41 | BSM | Black Stone Minerals | PairCorr |
The ability to find closely correlated positions to Tamboran Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamboran Resources 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 Tamboran Resources - 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 Tamboran Resources to buy it.
The correlation of Tamboran Resources 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 Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources 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 Tamboran Resources 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.Check out Historical Fundamental Analysis of Tamboran Resources to cross-verify your projections. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tamboran Resources. If investors know Tamboran will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tamboran Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.14) |
The market value of Tamboran Resources is measured differently than its book value, which is the value of Tamboran that is recorded on the company's balance sheet. Investors also form their own opinion of Tamboran Resources' value that differs from its market value or its book value, called intrinsic value, which is Tamboran Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tamboran Resources' market value can be influenced by many factors that don't directly affect Tamboran Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tamboran Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamboran Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamboran Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.