Tourmaline Oil's market value is the price at which a share of Tourmaline Oil trades on a public exchange. It measures the collective expectations of Tourmaline Oil Corp investors about its performance. Tourmaline Oil is selling at 63.02 as of the 23rd of February 2026; that is 0.11% down since the beginning of the trading day. The stock's open price was 63.09. With this module, you can estimate the performance of a buy and hold strategy of Tourmaline Oil Corp and determine expected loss or profit from investing in Tourmaline Oil over a given investment horizon. Check out Tourmaline Oil Correlation, Tourmaline Oil Volatility and Tourmaline Oil Performance module to complement your research on Tourmaline Oil.
Please note, there is a significant difference between Tourmaline Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tourmaline Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tourmaline Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tourmaline 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 Tourmaline 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 Tourmaline Oil.
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11/25/2025
No Change 0.00
0.0
In 2 months and 31 days
02/23/2026
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If you would invest 0.00 in Tourmaline Oil on November 25, 2025 and sell it all today you would earn a total of 0.00 from holding Tourmaline Oil Corp or generate 0.0% return on investment in Tourmaline Oil over 90 days. Tourmaline Oil is related to or competes with ARC Resources, Ovintiv, Pembina Pipeline, Whitecap Resources, and Strathcona Resources. Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadi... More
Tourmaline 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 Tourmaline 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 Tourmaline Oil Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tourmaline Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tourmaline Oil's standard deviation. In reality, there are many statistical measures that can use Tourmaline Oil historical prices to predict the future Tourmaline Oil's volatility.
As of now, Tourmaline Stock is very steady. Tourmaline Oil Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0273, which indicates the firm had a 0.0273 % return per unit of risk over the last 3 months. We have found thirty 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 1515.96, risk adjusted performance of 0.055, and Semi Deviation of 1.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0383%. Tourmaline Oil has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0702, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tourmaline Oil are expected to decrease at a much lower rate. During the bear market, Tourmaline Oil is likely to outperform the market. Tourmaline Oil Corp right now has a risk of 1.4%. Please validate Tourmaline Oil skewness, and the relationship between the potential upside and rate of daily change , to decide if Tourmaline Oil will be following its existing price patterns.
Auto-correlation
-0.37
Poor reverse predictability
Tourmaline Oil Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Tourmaline Oil time series from 25th of November 2025 to 9th of January 2026 and 9th of January 2026 to 23rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tourmaline Oil Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Tourmaline Oil price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.37
Spearman Rank Test
-0.6
Residual Average
0.0
Price Variance
2.4
Pair Trading with Tourmaline Oil
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 Tourmaline Oil 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 Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil 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 Tourmaline Oil - 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 Tourmaline Oil Corp to buy it.
The correlation of Tourmaline Oil 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 Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp 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 Tourmaline Oil 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 Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline 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 Tourmaline with respect to the benefits of owning Tourmaline Oil security.