Tidewater Renewables Stock Market Value
| TDWRF Stock | USD 0.70 0.00 0.00% |
| Symbol | Tidewater |
Tidewater Renewables '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 Tidewater Renewables' pink sheet 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 Tidewater Renewables.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Tidewater Renewables on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Tidewater Renewables or generate 0.0% return on investment in Tidewater Renewables over 720 days. Tidewater Renewables is related to or competes with Northland Power, Renew Energy, Clearway Energy, Clearway Energy, Enlight Renewable, Ormat Technologies, and Ellomay Capital. Tidewater Renewables Ltd. engages in production of renewable fuel in North America More
Tidewater Renewables 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 Tidewater Renewables' pink sheet 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 Tidewater Renewables upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 49.63 | |||
| Value At Risk | (8.57) |
Tidewater Renewables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tidewater Renewables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tidewater Renewables' standard deviation. In reality, there are many statistical measures that can use Tidewater Renewables historical prices to predict the future Tidewater Renewables' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.68) | |||
| Total Risk Alpha | (2.73) | |||
| Treynor Ratio | (2.45) |
Tidewater Renewables Backtested Returns
Tidewater Renewables owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Tidewater Renewables exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tidewater Renewables' Coefficient Of Variation of (448.28), risk adjusted performance of (0.16), and Variance of 51.1 to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tidewater Renewables' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tidewater Renewables is expected to be smaller as well. At this point, Tidewater Renewables has a negative expected return of -1.25%. Please make sure to validate Tidewater Renewables' coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day median price , to decide if Tidewater Renewables performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Tidewater Renewables has modest predictability. Overlapping area represents the amount of predictability between Tidewater Renewables time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Tidewater Renewables price movement. The serial correlation of 0.55 indicates that about 55.0% of current Tidewater Renewables price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.95 |
Tidewater Renewables lagged returns against current returns
Autocorrelation, which is Tidewater Renewables pink sheet'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 Tidewater Renewables' pink sheet expected returns. We can calculate the autocorrelation of Tidewater Renewables returns to help us make a trade decision. For example, suppose you find that Tidewater Renewables has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Tidewater Renewables 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 Tidewater Renewables pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tidewater Renewables pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tidewater Renewables pink sheet over time.
Current vs Lagged Prices |
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Tidewater Renewables Lagged Returns
When evaluating Tidewater Renewables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tidewater Renewables pink sheet have on its future price. Tidewater Renewables 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, Tidewater Renewables autocorrelation shows the relationship between Tidewater Renewables pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tidewater Renewables.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Tidewater Pink Sheet
Tidewater Renewables financial ratios help investors to determine whether Tidewater Pink Sheet 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 Tidewater with respect to the benefits of owning Tidewater Renewables security.