Total Energy Services Stock Market Value
| TOT Stock | CAD 11.71 0.13 1.12% |
| Symbol | Total |
Total Energy Services Price To Book Ratio
Total Energy '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 Total Energy'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 Total Energy.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Total Energy on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Total Energy Services or generate 0.0% return on investment in Total Energy over 60 days. Total Energy is related to or competes with PHX Energy, Pason Systems, CES Energy, Western Energy, and Secure Energy. Total Energy Services Inc. provides various products and services to the oil and natural gas industry primarily in Canad... More
Total Energy 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 Total Energy'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 Total Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1116 | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.76 |
Total Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Total Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Total Energy's standard deviation. In reality, there are many statistical measures that can use Total Energy historical prices to predict the future Total Energy's volatility.| Risk Adjusted Performance | 0.1561 | |||
| Jensen Alpha | 0.2721 | |||
| Total Risk Alpha | 0.0585 | |||
| Sortino Ratio | 0.1233 | |||
| Treynor Ratio | 5.13 |
Total Energy Services Backtested Returns
Total Energy appears to be not too volatile, given 3 months investment horizon. Total Energy Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Total Energy Services, which you can use to evaluate the volatility of the company. Please review Total Energy's Coefficient Of Variation of 506.47, semi deviation of 1.0, and Risk Adjusted Performance of 0.1561 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Total Energy holds a performance score of 19. The entity has a beta of 0.0543, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Total Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Total Energy is expected to be smaller as well. Please check Total Energy's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Total Energy's existing price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Total Energy Services has very weak reverse predictability. Overlapping area represents the amount of predictability between Total Energy time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Total Energy Services price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Total Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Total Energy Services lagged returns against current returns
Autocorrelation, which is Total Energy 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 Total Energy's stock expected returns. We can calculate the autocorrelation of Total Energy returns to help us make a trade decision. For example, suppose you find that Total Energy 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 |
Total Energy 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 Total Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Total Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Total Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Total Energy Lagged Returns
When evaluating Total Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Total Energy stock have on its future price. Total Energy 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, Total Energy autocorrelation shows the relationship between Total Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Total Energy Services.
Regressed Prices |
| Timeline |
Pair Trading with Total Energy
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 Total Energy 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 Total Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Total Stock
Moving against Total Stock
The ability to find closely correlated positions to Total Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Total Energy 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 Total Energy - 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 Total Energy Services to buy it.
The correlation of Total Energy 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 Total Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Total Energy Services 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 Total Energy 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.Other Information on Investing in Total Stock
Total Energy financial ratios help investors to determine whether Total Stock 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 Total with respect to the benefits of owning Total Energy security.