Tag Oil Stock Market Value
| TAO Stock | CAD 0.17 0.01 6.25% |
| Symbol | TAG |
TAG Oil Price To Book Ratio
TAG Oil 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TAG Oil's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TAG Oil.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in TAG Oil on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding TAG Oil or generate 0.0% return on investment in TAG Oil over 30 days. TAG Oil is related to or competes with ShaMaran Petroleum, Tenaz Energy, and Hemisphere Energy. TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in ... More
TAG Oil Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TAG Oil's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TAG Oil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 38.46 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
TAG Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAG Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAG Oil's standard deviation. In reality, there are many statistical measures that can use TAG Oil historical prices to predict the future TAG Oil's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.92) | |||
| Total Risk Alpha | (1.84) | |||
| Treynor Ratio | (2.09) |
TAG Oil Backtested Returns
TAG Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the company had a -0.13% return per unit of volatility over the last 3 months. TAG Oil exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TAG Oil's Market Risk Adjusted Performance of (2.08), risk adjusted performance of (0.10), and Standard Deviation of 5.84 to confirm the risk estimate we provide. The firm has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TAG Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding TAG Oil is expected to be smaller as well. At this point, TAG Oil has a negative expected return of -0.8%. Please make sure to validate TAG Oil's maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if TAG Oil performance from the past will be repeated in the future.
Auto-correlation | 0.50 |
Modest predictability
TAG Oil has modest predictability. Overlapping area represents the amount of predictability between TAG Oil time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TAG Oil price movement. The serial correlation of 0.5 indicates that about 50.0% of current TAG Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAG Oil lagged returns against current returns
Autocorrelation, which is TAG Oil stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TAG Oil's stock expected returns. We can calculate the autocorrelation of TAG Oil returns to help us make a trade decision. For example, suppose you find that TAG Oil has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TAG Oil regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TAG Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAG Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAG Oil stock over time.
Current vs Lagged Prices |
| Timeline |
TAG Oil Lagged Returns
When evaluating TAG Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAG Oil stock have on its future price. TAG Oil autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TAG Oil autocorrelation shows the relationship between TAG Oil stock current value and its past values and can show if there is a momentum factor associated with investing in TAG Oil.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TAG Stock Analysis
When running TAG Oil's price analysis, check to measure TAG 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 TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG 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 TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.