Tamarack Valley Energy Stock Market Value
| TNEYF Stock | USD 3.18 0.12 3.64% |
| Symbol | Tamarack |
Tamarack Valley '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 Tamarack Valley's 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 Tamarack Valley.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Tamarack Valley on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tamarack Valley Energy or generate 0.0% return on investment in Tamarack Valley over 90 days. Tamarack Valley is related to or competes with Yamaha, Nitto Denko, Farmers Merchants, and Furukawa Electric. Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids i... More
Tamarack Valley 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 Tamarack Valley's 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 Tamarack Valley Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.81 |
Tamarack Valley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamarack Valley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamarack Valley's standard deviation. In reality, there are many statistical measures that can use Tamarack Valley historical prices to predict the future Tamarack Valley's volatility.| Risk Adjusted Performance | 0.0478 | |||
| Jensen Alpha | 0.0611 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2568 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tamarack Valley's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tamarack Valley Energy Backtested Returns
At this point, Tamarack Valley is relatively risky. Tamarack Valley Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0554, which indicates the firm had a 0.0554% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tamarack Valley Energy, which you can use to evaluate the volatility of the company. Please validate Tamarack Valley's Coefficient Of Variation of 1858.88, risk adjusted performance of 0.0478, and Semi Deviation of 2.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Tamarack Valley has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tamarack Valley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamarack Valley is expected to be smaller as well. Tamarack Valley Energy right now has a risk of 2.35%. Please validate Tamarack Valley expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Tamarack Valley will be following its existing price patterns.
Auto-correlation | 0.78 |
Good predictability
Tamarack Valley Energy has good predictability. Overlapping area represents the amount of predictability between Tamarack Valley time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Tamarack Valley Energy price movement. The serial correlation of 0.78 indicates that around 78.0% of current Tamarack Valley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Tamarack Valley Energy lagged returns against current returns
Autocorrelation, which is Tamarack Valley 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 Tamarack Valley's pink sheet expected returns. We can calculate the autocorrelation of Tamarack Valley returns to help us make a trade decision. For example, suppose you find that Tamarack Valley 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 |
| Timeline |
Tamarack Valley 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 Tamarack Valley pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamarack Valley pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamarack Valley pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tamarack Valley Lagged Returns
When evaluating Tamarack Valley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamarack Valley pink sheet have on its future price. Tamarack Valley 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, Tamarack Valley autocorrelation shows the relationship between Tamarack Valley pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tamarack Valley Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tamarack Pink Sheet
Tamarack Valley financial ratios help investors to determine whether Tamarack 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 Tamarack with respect to the benefits of owning Tamarack Valley security.