Topaz Energy Corp Stock Market Value
| TPZEF Stock | USD 19.93 0.02 0.10% |
| Symbol | Topaz |
Topaz 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 Topaz Energy'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 Topaz Energy.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Topaz Energy on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Topaz Energy Corp or generate 0.0% return on investment in Topaz Energy over 720 days. Topaz Energy is related to or competes with Williams Companies, Enterprise Products, ONEOK, Energy Transfer, Enbridge, TC Energy, and Kinder Morgan. Topaz Energy Corp. operates as a royalty and energy infrastructure company More
Topaz 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 Topaz Energy'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 Topaz Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.6 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.1 |
Topaz Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topaz Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topaz Energy's standard deviation. In reality, there are many statistical measures that can use Topaz Energy historical prices to predict the future Topaz Energy's volatility.| Risk Adjusted Performance | 0.0395 | |||
| Jensen Alpha | 0.0104 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1575 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Topaz Energy'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.
Topaz Energy Corp Backtested Returns
At this point, Topaz Energy is very steady. Topaz Energy Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0363, which indicates the firm had a 0.0363% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Topaz Energy Corp, which you can use to evaluate the volatility of the company. Please validate Topaz Energy's Coefficient Of Variation of 2192.61, semi deviation of 1.38, and Risk Adjusted Performance of 0.0395 to confirm if the risk estimate we provide is consistent with the expected return of 0.0525%. Topaz Energy has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Topaz Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Topaz Energy is expected to be smaller as well. Topaz Energy Corp right now has a risk of 1.45%. Please validate Topaz Energy expected short fall, and the relationship between the value at risk and daily balance of power , to decide if Topaz Energy will be following its existing price patterns.
Auto-correlation | 0.53 |
Modest predictability
Topaz Energy Corp has modest predictability. Overlapping area represents the amount of predictability between Topaz Energy time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Topaz Energy Corp price movement. The serial correlation of 0.53 indicates that about 53.0% of current Topaz Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 4.85 |
Topaz Energy Corp lagged returns against current returns
Autocorrelation, which is Topaz Energy 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 Topaz Energy's pink sheet expected returns. We can calculate the autocorrelation of Topaz Energy returns to help us make a trade decision. For example, suppose you find that Topaz Energy 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 |
Topaz 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 Topaz Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topaz Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topaz Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Topaz Energy Lagged Returns
When evaluating Topaz Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topaz Energy pink sheet have on its future price. Topaz 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, Topaz Energy autocorrelation shows the relationship between Topaz Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Topaz Energy Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Topaz Pink Sheet
Topaz Energy financial ratios help investors to determine whether Topaz 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 Topaz with respect to the benefits of owning Topaz Energy security.