Tourmaline Oil Corp Stock Price on December 30, 2022
| TRMLF Stock | USD 46.68 0.43 0.91% |
If you're considering investing in Tourmaline Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tourmaline Oil stands at 46.68, as last reported on the 28th of November, with the highest price reaching 47.10 and the lowest price hitting 46.58 during the day. At this point, Tourmaline Oil is very steady. Tourmaline Oil Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0448, which indicates the firm had a 0.0448% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tourmaline Oil Corp, which you can use to evaluate the volatility of the company. Please validate Tourmaline Oil's Coefficient Of Variation of 4293.84, semi deviation of 1.67, and Risk Adjusted Performance of 0.0234 to confirm if the risk estimate we provide is consistent with the expected return of 0.0793%.
Tourmaline Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Tourmaline |
Sharpe Ratio = 0.0448
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| Cash | Small Risk | TRMLF | High Risk | Huge Risk |
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Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tourmaline Oil is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tourmaline Oil by adding it to a well-diversified portfolio.
Tourmaline Oil Main Headline on 30th of December 2022
Tourmaline Oil Corp dividend paid on 30th of December 2022 |
Tourmaline Oil Valuation on December 30, 2022
It is possible to determine the worth of Tourmaline Oil on a given historical date. On December 30, 2022 Tourmaline was worth 43.57 at the beginning of the trading date compared to the closed value of 43.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tourmaline Oil pink sheet. Still, in general, we apply an absolute valuation method to find Tourmaline Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tourmaline Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tourmaline Oil's related companies.
| Open | High | Low | Close | Volume | |
| 42.23 | 43.95 | 42.23 | 43.95 | 24,947 | |
12/30/2022 | 43.57 | 44.00 | 42.23 | 43.52 | 19,639 |
| 43.09 | 43.18 | 39.98 | 39.99 | 29,796 |
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Tourmaline Oil Trading Date Momentum on December 30, 2022
| On January 03 2023 Tourmaline Oil Corp was traded for 39.99 at the closing time. The highest daily price throughout the period was 43.18 and the lowest price was 39.98 . The daily volume was 29.8 K. The net trading volume on 01/03/2023 added to the next day price reduction. The trading price change to closing price of the next trading day was 8.11% . The trading price change to current closing price is 4.94% . |
Tourmaline Oil Corp Fundamentals Correlations and Trends
By evaluating Tourmaline Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tourmaline Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tourmaline financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tourmaline Oil Pink Sheet history
Tourmaline Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tourmaline is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tourmaline Oil Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tourmaline Oil stock prices may prove useful in developing a viable investing in Tourmaline Oil
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. The company was incorporated in 2008 and is headquartered in Calgary, Canada. TOURMALINE OIL operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 322 people.
Tourmaline Oil Pink Sheet Technical Analysis
Tourmaline Oil technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Price Boundaries
Tourmaline Oil Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Tourmaline Oil November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Tourmaline Oil pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tourmaline Oil shares will generate the highest return on investment. By undertsting and applying Tourmaline Oil pink sheet market strength indicators, traders can identify Tourmaline Oil Corp entry and exit signals to maximize returns
Tourmaline Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tourmaline Oil's price direction in advance. Along with the technical and fundamental analysis of Tourmaline Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tourmaline to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0638 |
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Complementary Tools for Tourmaline Pink Sheet analysis
When running Tourmaline Oil's price analysis, check to measure Tourmaline Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tourmaline Oil is operating at the current time. Most of Tourmaline Oil's value examination focuses on studying past and present price action to predict the probability of Tourmaline Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tourmaline Oil's price. Additionally, you may evaluate how the addition of Tourmaline Oil to your portfolios can decrease your overall portfolio volatility.
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