Tourmaline Oil Corp Stock Market Value
| TRMLF Stock | USD 47.45 0.34 0.72% |
| Symbol | Tourmaline |
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 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 Tourmaline Oil.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tourmaline Oil on June 3, 2024 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 180 days. Tourmaline Oil is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. 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 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 Tourmaline Oil Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.45 |
Tourmaline Oil Market Risk Indicators
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.| Risk Adjusted Performance | 0.0423 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1531 |
Tourmaline Oil Corp Backtested Returns
At this point, Tourmaline Oil is very steady. Tourmaline Oil Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0984, which indicates the firm had a 0.0984% 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 Semi Deviation of 1.67, risk adjusted performance of 0.0423, and Coefficient Of Variation of 2086.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Tourmaline Oil has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tourmaline Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tourmaline Oil is expected to be smaller as well. Tourmaline Oil Corp right now has a risk of 1.69%. 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 | -0.31 |
Poor reverse predictability
Tourmaline Oil Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Tourmaline Oil time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Tourmaline Oil Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Tourmaline Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
Tourmaline Oil Corp lagged returns against current returns
Autocorrelation, which is Tourmaline Oil 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 Tourmaline Oil's pink sheet expected returns. We can calculate the autocorrelation of Tourmaline Oil returns to help us make a trade decision. For example, suppose you find that Tourmaline Oil 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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Tourmaline Oil 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 Tourmaline Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tourmaline Oil pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tourmaline Oil pink sheet over time.
Current vs Lagged Prices |
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Tourmaline Oil Lagged Returns
When evaluating Tourmaline Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tourmaline Oil pink sheet have on its future price. Tourmaline Oil 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, Tourmaline Oil autocorrelation shows the relationship between Tourmaline Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tourmaline Oil Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tourmaline Pink Sheet
Tourmaline Oil financial ratios help investors to determine whether Tourmaline 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 Tourmaline with respect to the benefits of owning Tourmaline Oil security.