Tullow Oil Plc Stock Market Value
| TUWOY Stock | USD 0.14 0.01 6.67% |
| Symbol | Tullow |
Tullow 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 Tullow 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 Tullow Oil.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tullow Oil on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tullow Oil PLC or generate 0.0% return on investment in Tullow Oil over 30 days. Tullow Oil is related to or competes with San Leon, Dno ASA, PetroShale, and Horizon Oil. Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and So... More
Tullow 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 Tullow 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 Tullow Oil PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.69 |
Tullow Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tullow Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tullow Oil's standard deviation. In reality, there are many statistical measures that can use Tullow Oil historical prices to predict the future Tullow Oil's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.49) |
Tullow Oil PLC Backtested Returns
Tullow Oil PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0265, which indicates the firm had a -0.0265% return per unit of risk over the last 3 months. Tullow Oil PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tullow Oil's Risk Adjusted Performance of (0.03), coefficient of variation of (1,828), and Variance of 31.6 to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tullow Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tullow Oil is expected to be smaller as well. At this point, Tullow Oil PLC has a negative expected return of -0.15%. Please make sure to validate Tullow Oil's value at risk and the relationship between the kurtosis and market facilitation index , to decide if Tullow Oil PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Tullow Oil PLC has no correlation between past and present. Overlapping area represents the amount of predictability between Tullow Oil time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Tullow Oil PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tullow Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tullow Oil PLC lagged returns against current returns
Autocorrelation, which is Tullow 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 Tullow Oil's pink sheet expected returns. We can calculate the autocorrelation of Tullow Oil returns to help us make a trade decision. For example, suppose you find that Tullow 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 |
| Timeline |
Tullow 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 Tullow Oil pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tullow 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 Tullow Oil pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tullow Oil Lagged Returns
When evaluating Tullow Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tullow Oil pink sheet have on its future price. Tullow 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, Tullow Oil autocorrelation shows the relationship between Tullow Oil pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tullow Oil PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Tullow Pink Sheet Analysis
When running Tullow Oil's price analysis, check to measure Tullow Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tullow Oil is operating at the current time. Most of Tullow Oil's value examination focuses on studying past and present price action to predict the probability of Tullow Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tullow Oil's price. Additionally, you may evaluate how the addition of Tullow Oil to your portfolios can decrease your overall portfolio volatility.